225 Atlas Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 2020-built home with 1,478 sq. ft. of living space on a 4,015 sq. ft. lot in West Kildonan Industrial. Its strongest asset is its construction year—built in 2020, it ranks in the top 3% citywide for newness. That means modern building standards, better energy efficiency, and less immediate maintenance compared to Winnipeg’s older housing stock. The assessed value of $484,000 is above the city average, reflecting that newer construction and finishes command a premium.

The property sits on a lot smaller than typical for the street, but near the neighborhood average for lot size. Living area is below the street average of 1,800 sq. ft., yet it's close to the citywide average—so it’s not cramped, but not oversized.

The appeal is straightforward: someone wants a recently built home in a solidly middle-tier neighborhood without paying for a huge yard they won’t use. The house is likely turnkey, with modern fixtures and systems. It suits a buyer who values low maintenance, a clean layout, and a newer build over square footage or lot size. This isn't a fixer-upper or a sprawling family estate. It works well for a first-time buyer, a small family, or someone downsizing from an older, larger home who still wants a contemporary feel.

A less obvious angle: the assessed value ranks higher than the living area or lot size rankings suggest. That indicates the market is paying for the quality of the build and the year, not just raw space. Buyers looking at resale potential in 5–10 years should note this—the home’s novelty will wear off, but its mid-tier neighborhood ranking might hold stability.

Five Possible FAQs

1. How does this home compare to others on Atlas Crescent?
On the street, this home is newer than average (top 13% for construction year) but has a smaller living area (1,478 sq. ft. vs. street avg. of 1,800) and a smaller lot (4,015 sq. ft. vs. street avg. of 5,254). Its assessed value is around the street median—meaning it’s priced similarly to older, larger homes nearby. You’re paying for newness, not space.

2. Is the neighborhood considered up-and-coming or established?
West Kildonan Industrial is an older, mixed-use area. The home itself ranks around average within the neighborhood for year built (top 50%), so there’s a mix of older and newer homes. Citywide, the home is very new (top 3%), but the neighborhood isn’t a hot new development zone. It’s a stable, middle-ground area.

3. What’s the lot actually used for?
At 4,015 sq. ft., the lot is on the smaller side for the street but standard for the neighborhood. It’s less yard work than a larger suburban lot, but you likely still have a decent backyard. It won’t accommodate an oversized garage or a massive garden. Good for someone who wants outdoor space without the upkeep of a full acre.

4. What’s the resale risk in 10-15 years?
The main risk is that the “new build” premium fades as the home ages. The street and neighborhood rankings for construction year will naturally drop. However, because it’s already middle-of-the-road for lot and living area, it won’t suddenly become outdated. If the neighborhood holds its value, this home should too—but it won’t break any appreciation records.

5. How does the assessed value compare to the property tax you’d pay?
The assessed value of $484,000 is 10–20% above the city average for comparable homes. In Winnipeg, property taxes are calculated from this assessment. Expect higher annual taxes than a similar-sized older home in a less expensive area. You’re paying a premium for the build year, and that shows up in the tax bill.