256 Atlas Crescent – Property Summary

Key Characteristics & Buyer Profile

This 2020-built home on Atlas Crescent offers 1,479 square feet of living space on a 4,725-square-foot lot. The property stands out most clearly for its construction year: it ranks in the top 3% citywide for newer homes, which is uncommon in a market where the average comparable home was built in 1966. The assessed value sits at $437,000, which is below the street average of $509,600 but aligns more closely with the neighbourhood and city averages.

The appeal here is a balance of relative newness and reasonable entry cost. While the living area is slightly smaller than other homes on the same street (ranking in the bottom 7%), the lot size is notably larger than the neighbourhood average, placing it in the top 18% for West Kildonan Industrial. That combination—a newer build with a sizeable yard, at a price below the street median—gives it a practical advantage for buyers who want recent construction without paying a premium for the largest interior square footage.

This property would suit buyers who prioritize a modern build over maximized interior space, and who value outdoor area more than a sprawling floor plan. It may also appeal to someone looking for a home that already reflects current building standards (2020 code, materials, layout) in an older-established neighbourhood. First-time buyers, young families, or those downsizing from a larger older home but wanting something contemporary would find it worth a look. The street-level rankings suggest it’s positioned as an accessible option on a block where many homes are higher-valued, so it may attract buyers who want to live in that area without stretching to the upper end of its price range.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value is below the Atlas Crescent average ($437k vs. $509k), which ranks it near the bottom of the street (98th percentile). But at the neighbourhood level, it’s much closer to average (52nd percentile), and citywide it’s slightly above the comparable-home average ($390k). So it’s not overvalued relative to the immediate area, but it’s priced below the higher-end homes on its own street.

2. Why is the living area below average for the street but close to the city average?
Homes on Atlas Crescent are generally larger (average 1,800 sqft), so this property falls short by that standard. However, across Winnipeg, the average for comparable homes is 1,342 sqft, so 1,479 sqft is actually above the city norm. The takeaway is that this street has above-average-sized homes, and this one is more in line with a typical citywide floor plan.

3. Is the lot size considered generous for the area?
Yes, especially within the neighbourhood. The 4,725 sqft lot ranks in the top 18% for West Kildonan Industrial, where the average is 3,839 sqft. On the street itself, it’s closer to average (44th percentile). So it’s a larger-than-typical yard for the immediate area, even if it’s not outsized compared to the whole city.

4. What does “top 3% citywide for year built” mean practically?
It means this home is significantly newer than almost all comparable homes across Winnipeg. Most similar properties citywide were built in 1966, so you’re getting a structure that’s over 50 years newer than the norm. That often means better insulation, updated electrical and plumbing, and fewer immediate renovation needs—something that frequently appeals to buyers who want to avoid the maintenance of an older home.

5. Does the property back onto anything or have any privacy concerns?
This summary doesn’t include site-specific details like adjacent land use or fencing. However, because the lot is larger than the neighbourhood average and the home is relatively new, it’s reasonable to assume standard subdivision setbacks. Buyers should check the property map or visit in person to assess backyard privacy, neighbouring sightlines, and whether there are lanes or shared access points.