Key Characteristics & Buyer Profile

This 1,501 sqft home, built in 2019, sits on a 4,722 sqft lot at 56 Atlas Crescent. Its strongest point is age: the home ranks in the top 4% city-wide for newness, far outstripping Winnipeg’s average build year of 1966. The living space is slightly below average for its street but above average for the city overall, meaning you get a modern, efficient floor plan rather than a sprawling older layout. The assessed value sits close to the street average but well above the city median, reflecting the premium tied to a newer build in an established area.

The land size is a practical middle ground—generous compared to the immediate community (top 23%) but modest against older, outer-ring properties. This suggests a neighborhood where lots are being infilled or subdivided, offering newer construction without a massive yard to maintain.

The appeal lies in modernity and predictability. Buyers avoid the common headaches of older homes (aging roofs, furnaces, or knob-and-tube wiring) and benefit from a layout built to current codes. It would suit first-time buyers who want something move-in ready, downsizers tired of maintenance, or anyone prioritizing energy efficiency and low repair risk over character or maximum square footage. This is a practical, no-surprises home rather than a fixer-upper or a prestige property.

Five Possible FAQs

1. Why is the assessed value higher than the city average but close to the street average?
Newer construction naturally carries a higher tax assessment because it hasn’t depreciated like older homes. On Atlas Crescent, where the average build year is 2019, your value aligns with neighbors. City-wide, many homes are decades older with lower valuations, so yours stands out as a relatively recent build.

2. The living area is smaller than the street average. Is that a problem?
Not necessarily. Street averages reflect a mix of older, larger houses and some newer infills. Your 1,501 sqft is well within the typical range for a modern three-bedroom home, and it’s 12% larger than the city-wide average. It’s about efficient use of space rather than raw size.

3. How does the land size affect future resale or development potential?
At 4,722 sqft, the lot is average for Winnipeg but smaller than many older suburban lots. It’s unlikely to be subdivided, but it offers a manageable yard for gardens or a small shop. In this community, a lot this size is actually above average, so you’re getting decent outdoor space without the upkeep of a larger property.

4. Is this area still being developed, or is it fully built out?
The community’s average build year (2021) is very close to your home’s (2019), which suggests ongoing infill and some newer construction. Atlas Crescent itself is mixed—some homes are older, but the street average indicates steady turnover and updates. This isn’t a brand-new subdivision, but it’s not a fully mature neighborhood either.

5. How do the rankings actually help when deciding to buy?
They give you a reality check against three scales. Street-level rankings show you how you stack up against direct neighbors (size, age, value); community rankings tell you if you’re in a higher or lower value pocket; city rankings show overall market position. A home that’s top 4% for age city-wide but bottom half for land size is telling you exactly where your money is going—and where it’s not.