Property Summary: 775 sqft Home on Atlantic Avenue, Winnipeg

Key Characteristics & Buyer Profile

This is a modest, early-20th-century home (built 1910) with a living area of 775 sqft—well below the average for its street, neighbourhood (St. John's), and the city of Winnipeg. Its assessed value of $160,000 reflects this, ranking in the bottom 4% citywide. The land parcel (3,106 sqft) is also slightly undersized relative to nearby properties, though less dramatically so.

The appeal here is straightforward: this is an entry-point property in an established Winnipeg neighbourhood. It likely suits a buyer who is comfortable with a smaller footprint—a single person, a couple, or someone looking for a low-maintenance urban base. The trade-offs are clear: you get a lower purchase price and potentially lower property taxes, but you’re buying into an older building stock with compact rooms. For buyers who prioritize location or affordability over square footage and modern finishes, this home offers a path onto the ownership ladder in a part of the city where larger, pricier homes dominate. The "less obvious" perspective: a smaller home in an older neighbourhood can sometimes mean better construction materials (e.g., old-growth lumber) than newer builds, provided the bones are sound. But the rankings also suggest this property sits on the lower end of desirability within its own street and area—so resale or renovation potential will hinge heavily on the condition of the specific house, not just the lot or location.

Five Possible FAQs

1. How does the living area compare to typical homes in St. John’s?
This home’s 775 sqft is about 39% smaller than the neighbourhood average of 1,261 sqft. It ranks in the bottom 11% for living area within St. John’s.

2. Why is the assessed value so low relative to the city?
The assessed value of $160,000 places it in the bottom 4% citywide. This reflects the combination of smaller living area, older construction (1910), and a land parcel that is below the Winnipeg average (3,106 sqft vs. citywide typical). It is not necessarily a sign of poor condition, but it does suggest the home is modest in scale and likely lacks recent major upgrades that would raise the assessed value.

3. What does the year built (1910) mean for maintenance or renovations?
Homes from this era often require more frequent upkeep—think older electrical, plumbing, and possibly insulation that needs upgrading. However, many pre-1920 homes in Winnipeg were built with durable materials and solid foundations. A thorough home inspection is especially important here, not just for safety but to gauge whether the structure has been well-maintained over the decades.

4. Is the land size a limitation or a selling point?
At 3,106 sqft, the lot is around average for the street and neighbourhood—not notably spacious, but not tiny either. It’s likely enough for a small yard, garden, or off-street parking if configured properly. Buyers hoping for a large expansion or a significant addition may find the land restrictive.

5. How does this property compare to others currently on the market in St. John’s?
Based on the data, this home is at the lower end of both size and value for the area. If you're comparing it to other listings, expect that most homes in St. John’s will be larger and assessed higher. The main advantage is entry price—this is likely one of the more affordable options in the neighbourhood. That said, always verify the specific listing price, as assessed value and asking price can differ.