Property Overview: 686 Bannerman Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1944, offers a practical and spacious layout in Winnipeg's Inkster-Faraday neighbourhood. With 1,444 sqft of living space and a recently renovated basement, it provides more room than most homes in the immediate area. The property sits on a decent-sized lot of 4,728 sqft and includes a detached garage.
The primary appeal lies in its above-average space and value within its local context. Compared to similar homes in Inkster-Faraday, it ranks in the top tiers for both living area and assessed value, suggesting a well-sized home that is priced proportionally within the neighbourhood. Its renovated basement adds modern functionality to a classic structure. The home would suit first-time buyers or practical investors looking for a solid, spacious property without a premium city-wide price tag. It's a home for those who value neighbourhood-level value over city-wide comparisons, offering more house for your dollar in this specific community.
Frequently Asked Questions
1. How does this home's value compare to the rest of Winnipeg?
City-wide, its assessed value is below the average for comparable homes. This highlights its positioning as a neighbourhood-centric value; you are getting a home that stands out locally for its size and condition, but not necessarily one that commands a city-wide premium.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, the presence of proper permits, and whether it includes added features like a bathroom or legal secondary suite.
3. Is the detached garage in good condition?
Given the home's age, the condition of the detached garage should be verified. Consider its size, structural state, and utility for vehicle storage or as a workshop.
4. What is the typical property tax bill?
With an assessed value of $27,300, property taxes can be estimated. However, contacting the city with the exact roll number is recommended for a precise, current annual amount.
5. Have there been any major updates to the main house?
While the basement is noted as renovated, the listing does not detail updates to key systems (like roof, wiring, plumbing, or windows) in the primary living areas. An inspection is crucial to understand the home's overall condition and potential upcoming maintenance.