1877 Bannatyne Avenue W

Property Overview

This 1958-built, one-storey home at 1877 Bannatyne Avenue W in Winnipeg's Brooklands neighbourhood presents a straightforward, land-focused opportunity. Its key appeal lies in its positioning as an affordable entry point into the market, particularly suited for those valuing lot potential over a large existing footprint. With 845 sqft of living space on a 3,102 sqft lot, the house itself is modest and functional. The home’s assessed value is notably below average for the city, reflecting its scale and the neighbourhood's pricing.

This property would best suit a pragmatic first-time buyer, an investor looking for a manageable rental property, or a purchaser with renovation or redevelopment plans for the future. Its below-average price for the street and area offers a lower financial barrier to entry. A less obvious perspective is that a home built in 1958 on this street is actually newer than many of its immediate neighbours, potentially meaning fewer issues associated with very old infrastructure. The lot size, while average for Brooklands, is substantially smaller than the Winnipeg average, suggesting an urban, low-maintenance yard that aligns with a simpler lifestyle.

Frequently Asked Questions

1. Is this a move-in ready home?
The listing does not describe the interior condition. Given the age, modest size, and below-average assessed value, prospective buyers should budget for updates or be prepared for a home that may require some modernization or maintenance.

2. What are the main advantages of the lot?
At just over 3,100 sqft, the lot is a manageable size for upkeep. It is broadly average for the Brooklands area, which typically features older, established homes on similar-sized parcels. It does not have the extra space of a typical city lot, which could be a pro for those wanting less yard work.

3. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics: a smaller-than-average home on a smaller-than-average city lot in a neighbourhood with generally more affordable property values. It is assessed in line with similar, modest homes in the area.

4. What does the sale history indicate?
The home last sold in January 2019 for $18,500. This recent history, combined with the current assessed value of $15,600, suggests a market where values for such properties have remained relatively stable and accessible over the past several years.

5. Who would this property NOT be suitable for?
It would likely not suit buyers looking for a large, modern living space without significant renovation work, or those who prioritize a large private yard. Families needing multiple bedrooms or extensive storage might find the 845 sqft layout too compact.