569 Bannerman Avenue

Property Overview: 569 Bannerman Avenue

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1922, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its balance of renovated space and manageable scale. With 1,200 square feet of living area, the home offers more space than many comparable properties in the immediate area and neighbourhood, placing it in the top quarter for size locally. A recently renovated basement adds functional living space.

The home suits first-time buyers seeking a solid starter home with move-in-ready updates, or investors looking for a character property with established rental history in the area. Its assessed value is modest relative to the wider city, suggesting a potentially accessible entry point. A thoughtful perspective is that while the lot size is smaller than average, this can translate to lower maintenance—a plus for those seeking a home without extensive yard work. The detached garage offers flexibility for parking, storage, or workshop space. It’s a property for those who value character and practical updates over a large, modern footprint.

Section 2: Frequently Asked Questions

1. How does the property’s size compare to nearby homes?
At 1,200 sqft, the living area is above average for both Bannerman Avenue and the broader Inkster-Faraday neighbourhood, ranking in the top 30% locally.

2. What is the significance of the assessed value?
The assessed value of $20,800 is around average for the street and neighbourhood but is below the city-wide average. This typically indicates a property with a lower tax base relative to much of Winnipeg.

3. Are recent sold prices available?
Exact sold prices are not publicly listed. The page shows estimated price ranges from previous sales (e.g., ~$19.5k-$22.5k in March 2025). You can request the exact figures from the site via email.

4. What should I consider about the lot size?
The land area of 2,944 sqft is below average for the area. This means a smaller yard, which can be a drawback for those wanting extensive outdoor space but an advantage for buyers seeking minimal exterior maintenance.

5. How does the age of the home factor in?
Built in 1922, the home is older than the city-wide average. This often means character and established neighbourhoods, but prospective buyers should ensure inspections cover foundational, electrical, and plumbing systems common to homes of this era.