356 Atlas Crescent – Property Summary

Key Characteristics & Buyer Profile

This 2019-built home offers 1,498 square feet of living space on a 4,202-square-foot lot. Its strongest feature is its age: built in 2019, it ranks in the top 4% city-wide for newness, which means modern construction standards, updated systems, and likely lower immediate maintenance needs than the vast majority of Winnipeg homes (where the average build year is 1966). The assessed value of $515,000 is above both the community and city averages, sitting in the top 17% across Winnipeg, reflecting the premium attached to newer construction. The living area, while slightly below the average on its street, holds up well against the wider city and community averages. The lot size is below the street and city norms but close to the neighbourhood average. The appeal lies in a relatively new, well-valued home in a city where older housing stock dominates. It would suit buyers who prioritize a move-in-ready, modern property over a large yard or maximum square footage, and who are willing to pay above local averages for that advantage. It may be less suited for those seeking a large lot or maximum space per dollar.

Five Possible FAQs

1. How does this home compare to others in the neighbourhood in terms of value?

Its assessed value of $515,000 is notably higher than the West Kildonan Industrial average of $443,000. While this puts it in the top 19% of the community, the premium is largely explained by the home’s newness—most homes in the area were built in 2021 or earlier, and city-wide, the average build year is 1966. You are paying for a modern structure in an older-stock market.

2. The living space is smaller than the street average. Does that matter?

On Atlas Crescent, the average living area is roughly 1,800 square feet, so this home is about 300 square feet smaller than its immediate neighbours. However, it is close to the West Kildonan Industrial average (1,591 sqft) and above the city average (1,342 sqft). The difference is noticeable on the street itself, but not unusual for the broader area.

3. What condition and updates should I expect from a 2019 build?

A home built in 2019 is essentially new by Winnipeg standards. You can expect modern insulation, windows, electrical, plumbing, and HVAC systems. Roofing and major mechanicals likely have many years of life remaining. The caveat is that you should still check for any deferred maintenance—no home is maintenance-free—but major capital replacements are not an immediate concern.

4. The lot is 4,202 square feet. Is that small for the area?

On Atlas Crescent, the average lot is 5,254 square feet, so this lot is about 20% smaller than its neighbours. That said, across the whole city, the average lot is 6,570 square feet, so it is on the smaller side overall. For the West Kildonan Industrial community, the average is 3,839 square feet, meaning this lot is actually slightly above the local norm. It’s a trade-off: less outdoor space than some nearby homes, but a more efficient footprint.

5. How does the assessed value relate to the likely market price?

Assessed value is a tax assessment, not a market appraisal. A $515,000 assessment in a community averaging $443,000 suggests the city views this property as above-average in value. Market price depends on current demand and comparable sales, but this assessment provides a reasonable baseline. The fact it ranks in the top 33% on its street and top 19% in the community supports the idea that this is a higher-value property in its immediate context.