Key Characteristics & Buyer Profile

This is a 1,501 sqft home built in 2020 on a 4,722 sqft lot. What stands out most is the construction year—it ranks in the top 3% city-wide, which is unusual for a property that doesn't feel brand-new. Most homes in Winnipeg were built around 1966, so this is significantly newer than the norm. That’s the main draw here: you get a relatively modern build without paying a premium for a brand-new development.

There are trade-offs worth noting. The living area is on the smaller side for its street (bottom 16%), but it’s actually above average for the city as a whole. The lot is modest by city standards (bottom 38%), yet it’s generous compared to the immediate neighbourhood (top 23%). The assessed value sits at $449,000—close to the community average but noticeably below the street average. That suggests the property might offer better value relative to its direct neighbours, even if it doesn’t stand out in every category.

This home would suit buyers who want a newer build but are willing to accept a smaller floor plan and lot than what’s typical for the area. It’s a practical choice for someone who prioritises a low-maintenance, energy-efficient structure over square footage. Families looking for a large yard or maximum living space would likely find other options on Atlas Crescent more appealing. It could also work well for an investor or first-time buyer who values the longevity of a 2020 build and doesn’t need the biggest house on the block.

FAQs

1. How does the property’s value compare to others on the same street?
It’s assessed at $449,000, which is below the street average of $510,000 (bottom 15%). That could mean it’s priced more affordably than neighbouring homes, but it may also reflect a smaller living area and lot size compared to others on Atlas Crescent.

2. Is a 2020 build actually an advantage here?
Yes, in the sense that it avoids many issues common in Winnipeg’s older housing stock—foundation concerns, outdated insulation, or lead plumbing. But it’s not as new as some of the 2021 builds in the immediate community. You’re getting a modern home without paying for the absolute newest construction, which can be a smart middle ground.

3. How does the lot size affect usability?
The lot is 4,722 sqft, which is slightly above average for the neighbourhood (top 23%) but smaller than the street average (5,254 sqft). It’s enough for a decent backyard, but don’t expect a sprawling lawn or room for major additions without sacrificing outdoor space.

4. Does this property make sense as a long-term investment?
Possible, but with caveats. Newer builds tend to depreciate less rapidly and require fewer major repairs over the first 15–20 years. However, the living area is on the smaller side for the street, so resale value may be capped compared to larger neighbouring homes. It’s a solid hold for steady appreciation, not a fix-and-flip.

5. How does this home compare to a typical Winnipeg home?
City-wide, this property ranks in the top 30% for living area and top 3% for construction year. That means you’re getting a home that is both newer and slightly larger than the average Winnipeg house. The trade-off is the lot, which falls near the city average but is smaller than what many streets in older neighbourhoods offer.