Property Overview: 700 Bannerman Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, is a solid, no-frills property in Winnipeg's Inkster-Faraday area. With 1,103 sqft of living space and a renovated basement, it sits on a standard 4,317 sqft lot with a detached garage. The data reveals its primary appeal is value within its immediate neighborhood. While its size, age, and assessed value are average citywide, it consistently ranks above average for the Inkster-Faraday area itself—particularly for its assessed value and lot size. This suggests it represents a comparatively strong offering in its local market context.
The home suits practical, value-conscious buyers. It's ideal for a first-time homeowner seeking a liveable, updated starter home without a premium price tag, or an investor looking for a straightforward rental property with a stable history. Its recent sale history shows steady appreciation, and the renovated basement adds functional living space. A less obvious perspective is that its "average" metrics citywide might actually be a benefit, indicating a manageable property without the extreme costs or quirks that can come with much newer or much larger homes.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The assessed value of $23,500 ranks in the top 23% for the Inkster-Faraday neighborhood, meaning it is considered above average compared to similar local properties.
2. Has the property value increased over time?
Based on available sold price ranges, the property has shown consistent growth. It sold in the $17.5k-$20.5k range in 2017, the $20.5k-$23.5k range in 2021, and the $27.5k-$30.5k range in early 2022.
3. Is the lot size typical for the area?
Yes. The lot is 4,317 sqft, which is above the neighborhood average and provides a standard outdoor space for the area.
4. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or listing agent regarding the finishes, permits, and intended use (e.g., additional living space, suite potential).
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the "Get exact sold price history" feature on the listing page by providing your email address.