Property Summary: 248 Atlas Crescent

Key Characteristics & Buyer Profile

This is a 2019-built home with 1,564 sqft of living space on a 4,725 sqft lot. Its strongest asset is its age: built in 2019, it ranks in the top 4% citywide for newness, meaning you’re getting a relatively modern structure in a market where the average comparable home was built in 1966. The living area is above average for Winnipeg as a whole (top 27%) but roughly average for its specific street and neighbourhood, so you’re not getting an oversized floor plan—just a solid, contemporary size. The lot is notably generous for the West Kildonan Industrial neighbourhood (top 18%), giving more yard space than many nearby properties, though it’s still average compared to the wider city.

The assessed value—$440,000—tells a nuanced story. On Atlas Crescent itself, this home sits well below the street average ($509.6k), which could reflect a lack of major upgrades or simply a smaller footprint relative to neighbours. But citywide, it ranks in the top 30% for value, so it’s not a low-end property by any means. The appeal here is a modern, move-in-ready home with a decent-sized lot, priced under the street norm in a neighbourhood where values are middle-of-the-pack. It suits buyers who want something newer than the city’s older stock without paying a premium for a high-end street. Think first-time homeowners, young families, or anyone who prioritizes a recent build and a bit of outdoor space over a larger house or a flashy address.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The 1,564 sqft living area is right around the neighbourhood average (1,591 sqft) and very close to the street average (1,800 sqft is the benchmark, but that’s pulled up by a few larger homes). So it’s typical for the area—not cramped, but not oversized. The lot size stands out more: at 4,725 sqft, it’s larger than most in the neighbourhood (top 18%).

2. Why is the assessed value below the street average?
The street average for comparable homes on Atlas Crescent is $509.6k, while this property is assessed at $440k. That gap likely comes down to differences in condition, finishes, or square footage compared to the higher-valued homes on the same street. Citywide, $440k is still above average (top 30%), so the assessment reflects a solid but not exceptional property relative to its immediate neighbours.

3. Is this a good investment for the neighbourhood?
West Kildonan Industrial is a mixed area with a wide range of home ages and values. This property’s newness (top 4% citywide) is a clear advantage—it avoids the maintenance headaches of older homes. The lot size is also a plus, especially if you value outdoor space. However, the assessed value is only around the neighbourhood midpoint, so don’t expect rapid appreciation compared to pricier pockets. It’s a sensible, low-risk buy rather than a speculative one.

4. How does the year built affect the home’s condition?
Built in 2019, the home is still very young by Winnipeg standards. That means modern building codes, likely better insulation and energy efficiency, and fewer immediate repair needs than the average city home (built 1966). You’re paying for that peace of mind, but it also means you’re less likely to find character features or mature landscaping.

5. What kind of buyer should look at this property?
Someone who wants a newer, turnkey home without stretching into the top end of the market. It’s well-suited for buyers who prioritize a recent build and a decent yard over a larger interior or a prestigious street. The location offers average convenience—neither a hidden gem nor a busy thoroughfare. It’s a pragmatic choice for anyone tired of fixer-uppers.