Property Overview: 1807 Bannatyne Avenue W
Key Characteristics & Appeal
This well-situated one-storey home in Brooklands is defined by its generous, above-average lot size of over 5,100 sq ft, offering substantial outdoor space that is a rarity in the city. Built in 1977, it is a newer construction compared to many homes in the immediate area and features a renovated basement. The living area is a modest 864 sq ft, presenting a compact and efficient main-floor layout. The home last sold in January 2023 for $300k, a price point that ranked well above average for the street and neighbourhood at the time.
The primary appeal lies in the land itself—a large, blank-canvas yard in a mature community—combined with the value-add of a finished lower level. It suits practical buyers looking for a starter home or a downsizing opportunity where the land represents future potential, whether for gardening, expansion, or simply enjoying more private outdoor space than typical infill lots provide. It’s a pragmatic choice for those who prioritize lot size and a solid foundation over a large or modern living area.
Frequently Asked Questions
1. What does the assessed value indicate?
The municipal assessed value is significantly lower than the recent sale price, which is common. It reflects a valuation for tax purposes, not market value. The sale price is a more current indicator of its market worth.
2. How does the living space feel?
At 864 sq ft on the main floor, the living area is compact. The renovated basement effectively doubles the usable space, making the overall footprint feel more substantial and functional.
3. Is the large lot a benefit for future plans?
Absolutely. The lot size is in the top 16% for the street and top 11% for Brooklands, offering excellent potential for additions, a large garage/workshop, or extensive landscaping that wouldn’t be possible on a standard lot.
4. How does this home compare to others in Winnipeg?
City-wide, the lot size is average and the living area is below average, highlighting that this property’s strengths are hyper-local. Its value is most apparent within the context of the Brooklands neighbourhood, where it offers a newer build date and more land than many comparable homes.
5. What is the neighbourhood like?
Brooklands is a long-established, no-frills residential area. The property’s metrics suggest it sits on a street with homes of similar scale and value, offering a stable and community-oriented environment.