Property Overview
This 800 sqft one-storey home at 625 Bannerman Avenue, built in 1944, sits on a 4,125 sqft lot in Winnipeg's Inkster-Faraday neighbourhood. Its key feature is a renovated basement, and it includes a detached garage. The home last sold in late 2021. Its assessed value is modest compared to the city-wide average, but it is typical for its immediate area.
Key Characteristics & Appeal
This property is defined by practicality and value within its local context. Its living space is compact, notably smaller than area averages, which positions it as an efficient, lower-maintenance home. The renovated basement adds functional living area and is a significant modern update to the 1944 structure. The lot size is generous for the neighbourhood, offering above-average outdoor space for the immediate area.
Its primary appeal lies in affordability and manageability. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with a recent basement renovation, or downsizers wanting a single-level layout without a large yard to maintain. A thoughtful perspective is that while its size ranks below average city-wide, it is proportionally aligned with its assessed value for the street, suggesting it is priced appropriately within its micro-market. The detached garage also adds utility that may be scarce in this price range.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 800 sqft, the living area is below the average for both Bannerman Avenue (~1,114 sqft) and the broader Inkster-Faraday neighbourhood (~1,025 sqft). This indicates a more compact, efficient layout.
2. Is the assessed value typical for this area?
Yes. The assessed value of $21,500 is around the average for homes on Bannerman Avenue and in the Inkster-Faraday neighbourhood, though it is below the average for the entire city.
3. What does a "renovated basement" imply?
While specific finishes aren't detailed, it indicates the basement has been updated to a modern, functional standard, likely creating additional livable space. This is a key upgrade for a home of this age.
4. How does the lot size compare?
The 4,125 sqft lot is slightly above average for the Inkster-Faraday area, offering more outdoor space than many neighbouring properties, but is below the city-wide average for lot size.
5. Where can I find the exact historical sale price?
The listed sale price range is from public data. The exact sale price from November 2021 can be requested directly from the site via email, as detailed in the property history section.