340 Atlas Crescent – Summary

Property Overview & Appeal

This is a 1,200 sqft home (built in 2019) on a 4,486 sqft lot, located on Atlas Crescent in the West Kildonan Industrial area of Winnipeg. Its key characteristic is that it’s a relatively new build surrounded by much older housing stock—the home ranks in the top 4% citywide for year built, in a city where the average home was built around 1966. The assessed value is $416,000, which falls below the street average ($510,000) but is slightly above the citywide average ($390,000).

The appeal here is twofold: you’re getting a modern home without paying a modern-home premium for the neighbourhood. The property is small relative to others on its street (it ranks last out of 123 homes for both size and assessed value), but within the broader West Kildonan Industrial area, the lot size is actually above average (top 29%). That means the location offers a newer house on a decent-size lot, but without the inflated prices seen on neighboring streets.

This property would suit practical buyers looking for a recent, low-maintenance build in a stable, established part of the city. It also works well for anyone who values being under the market average on their street—you’re buying the most affordable newer home on the block, which can help with long-term affordability, though it might mean less immediate resale upside compared to pricier neighbors. It’s less suited for buyers who want maximum living space or a large yard relative to citywide norms.

Frequently Asked Questions

1. Why is the assessed value so much lower than the street average, but higher than the city average?
Atlas Crescent has a mix of older (pre-2000) and newer homes, but the newer ones on this particular street tend to be larger and pricier. This home is the smallest and least expensive on the block. Citywide, however, the typical home is older and worth less, so this 2019 build falls above the median.

2. The living area is below the street and community average—will that feel cramped?
It depends on your expectations. At 1,200 sqft, this is a compact single-family home. It’s small by street standards (average is 1,800 sqft), but it’s within a few hundred square feet of the citywide average. If you’re coming from an apartment or a smaller bungalow, it may feel perfectly comfortable. If you’re used to a larger suburban layout, you might notice the difference.

3. Is this a good investment property?
The assessed data suggests limited immediate upside from under-market pricing—you’re already buying at the bottom of the street. But the home is new, which reduces maintenance costs for the first decade. The lot is above average for the community, so long-term land value could appreciate. It’s a safer hold than a fixer-upper, but not a high-flip candidate.

4. How does the lot size compare to typical newer builds in the city?
The lot is small compared to the Winnipeg average (4,486 vs. 6,570 sqft), but that’s partly because newer subdivisions often have smaller lots. Within the West Kildonan Industrial area, this lot is actually generous—top 29%—which is unusual for a home built in 2019.

5. Does being last on the street for size and value affect resale?
It can, but not always negatively. Being the smallest and least expensive home on a street with larger, pricier homes means you’re at the entry point for that location. That can attract first-time buyers or investors. The risk is that if the street’s average values rise slowly, your home may appreciate more slowly than the larger ones, simply because it has less room to grow in square footage and price.