345 Atlas Crescent – Property Summary

Key Characteristics & Ideal Buyer Profile

This property stands out primarily for its land. At 5,002 square feet, the lot is above average for the West Kildonan Industrial neighbourhood (top 16%) and roughly average for the street and city. For buyers who prioritize outdoor space or potential for future expansion, this is the property’s strongest asset.

The home itself is newer than much of Winnipeg’s housing stock, though slightly older than the immediate neighbourhood average (built around 2019, compared to the area’s 2021 average). Its assessed value is notably low relative to the street, area, and city—ranking in the bottom tiers across all three scopes. This may reflect a modest build, a lack of recent renovations, or other factors not listed here.

The living area is not ranked, but the data suggests it is likely close to or slightly above the city average of 1,342 square feet. Overall, the property offers solid value for buyers who are comfortable with a home that may need cosmetic or functional updates, and who put a premium on lot size over interior finishings. It would suit first-time buyers, investors looking for a property with land upside, or anyone seeking a newer home in a less expensive segment of the market.

Five Possible FAQs

1. Why is the assessed value so much lower than the street and neighbourhood average?
The assessed value of $143,000 is well below the street average of $509,600 and the neighbourhood average of $442,900. This could be due to the home being smaller or less finished than typical comparables, or because the assessment has not yet caught up to recent sales in the area. It may also indicate the property requires updates or repairs that affect its valuation.

2. How does the land size compare to other homes in Winnipeg?
The lot is 5,002 square feet, which is slightly smaller than the Winnipeg average (6,570 sqft) but larger than most properties in West Kildonan Industrial (average 3,839 sqft). It ranks in the top 16% for land within the neighbourhood, meaning it offers more yard space than the majority of nearby homes.

3. Is the living area typical for a home of this age and location?
Living area data is not ranked in the provided information, but the citywide average for comparable homes is 1,342 square feet. Given the home is newer than the city average, it’s reasonable to expect the living area to be in line with or slightly above that figure, though the exact size is not confirmed here.

4. What does the “Top 100%” ranking for assessed value mean?
A “Top 100%” ranking means the property ranks last within its comparison group. In other words, on Atlas Crescent and within West Kildonan Industrial, this home has the lowest assessed value. Citywide, it ranks in the top 97%, meaning only about 3% of homes have a lower assessment.

5. Is this property a good investment for resale value?
The large lot in a neighbourhood where smaller lots are the norm could appeal to future buyers seeking space or redevelopment potential. However, the low assessed value and the lack of detail on the home’s interior condition mean any investment case depends heavily on the cost of upgrades and the direction of the local market. It is not an obvious flip, but could offer long-term value if purchased below assessment and improved thoughtfully.