Property Overview: 682 Bannerman Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, offers a practical and spacious layout for its neighborhood. With 1,344 square feet of living space and a nearly 5,000 square foot lot, it provides above-average room both inside and out for the Inkster-Faraday area. A key feature is its renovated basement, adding functional living space. The home lacks a garage or pool, positioning it as a straightforward, value-oriented property.
Its primary appeal lies in its strong local standing. Within its immediate area, it ranks well above average for living space, lot size, and assessed value, suggesting it's a substantial property on its street. This makes it a compelling option for buyers seeking a home that offers more room than many in the vicinity without a premium city-wide price tag. It would suit first-time buyers, practical investors, or downsizers looking for a manageable home with a generous yard in an established neighborhood. The renovated basement adds immediate utility, appealing to those who need extra space for a family, hobbies, or a home office without undertaking a major project.
Frequently Asked Questions
1. How does this home's value compare to the rest of Winnipeg?
While it ranks highly within its own neighborhood, its assessed value is below the city-wide average. This highlights its role as a locally competitive property that offers more space per dollar in this specific area compared to pricier city districts.
2. What does the "above average" ranking for lot size mean?
With a lot size of 4,972 sq ft, this property is larger than 88% of comparable lots in Inkster-Faraday. This is a significant advantage for the area, offering ample outdoor space for gardening, recreation, or future additions like a shed or deck.
3. The home was built in 1945. What should I consider?
While the structure is from 1945, the renovated basement indicates some updates. A prospective buyer should prioritize a thorough inspection to understand the condition of major aging components, such as the roof, plumbing, and electrical systems, alongside the quality of the renovation work.
4. There is no garage. Is that typical?
For this neighborhood and era of home, the lack of a garage is not uncommon. Buyers should plan for on-street parking or consider the cost and feasibility of adding a driveway or parking pad in the future, subject to local bylaws.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the precise sale figures, you must request them directly via the provided email service on the listing page. This is a manual process designed to verify serious inquiries.