Property Overview: 1909 Bannatyne Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Brooklands, built in 1949, sitting on a notably large lot. Its primary appeal lies in the land itself—at over 5,100 square feet, the property offers significantly more outdoor space than most homes on the street and in the neighbourhood. The home is small, with 574 sq ft of living space, and features a detached garage and an unrenovated basement. The recent sale price aligns with a very low assessed value, indicating this is an entry-point property.
Its charm is rooted in potential and practicality. It perfectly suits a first-time buyer, an investor, or a hands-on owner looking for an affordable foothold in the market with room to grow. The large lot presents opportunities for expansion, gardening, or future development, subject to zoning. It’s less about the home as it stands and more about the possibilities the parcel of land represents. For someone comfortable with a project or prioritizing land size over immediate move-in condition, this property offers a clear canvas.
Section 2: Frequently Asked Questions
1. What is the true value proposition here?
The value is almost entirely in the land. You are purchasing a large lot in a established neighbourhood for a price typically associated with condos or very small homes. The existing house provides basic shelter but should be viewed as a starting point.
2. Is the house livable in its current state?
While livable, it is very compact and requires updates. The basement is noted as unrenovated, which often means it’s in a rough or utility-only state. Buyers should budget for immediate repairs and modernizations.
3. What can be done with such a large lot?
The lot size is the standout feature. Potential uses could include a significant addition, building a garage or workshop, or creating extensive outdoor living space. Any major structural changes would require checking City of Winnipeg zoning bylaws and obtaining permits.
4. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes compared to similarly priced homes with higher assessments. This can improve monthly affordability.
5. Why is the living space so small compared to the lot?
This is characteristic of many older, wartime-era homes. They were built economically, often prioritizing function over size. The large lot was standard for the time, but home expansions were less common. This disparity is what creates the redevelopment potential today.