Property Overview: 713 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, presents a practical and affordable entry point into Winnipeg’s Inkster-Faraday neighbourhood. With 980 square feet of living space and a notably generous 4,651 sqft lot for the area, it offers a balance of compact living and outdoor potential. Its assessed value is modest, positioning it well below the citywide average, which suggests a lower property tax burden and an accessible price point.
The primary appeal lies in its value proposition and lot size. For its immediate area, the lot is above average, providing rare space for gardening, expansion, or simply more privacy than nearby properties. It suits first-time buyers seeking a foothold in the market without overextending finances, or practical investors looking for a straightforward rental property. A thoughtful perspective is that a home of this vintage and scale on a larger lot could represent a “blank canvas” opportunity—it’s a property where the land itself may hold as much or more value than the current structure, appealing to those with long-term renovation or redevelopment vision.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others?
Its assessed value is around average for the Inkster-Faraday area but sits well below the Winnipeg citywide average. This typically indicates a more affordable purchase price and correspondingly lower property taxes.
2. Is the living space smaller than average?
Yes. The 980 sqft living area is slightly below average for similar homes in the immediate neighbourhood and more notably below the citywide average. This points to a compact, efficient layout rather than a spacious one.
3. What does the lot size mean for me?
At 4,651 sqft, the lot is larger than many in the Inkster-Faraday area. This is a key feature, offering more yard space than is typical for the location, which could be used for recreation, gardening, or future projects like a shed or addition.
4. How old is the property, and what should I consider?
Built in 1945, the home is 81 years old. While it’s newer than many area comparables, prospective buyers should budget for maintenance and updates consistent with a home of this age, such as potential updates to wiring, plumbing, or insulation.
5. Where can I find the exact historical sale price?
The listed sale price range is based on public data. To obtain the precise sale price from its last transaction, you can request it via email from the listing source, which provides the information manually without using your email for marketing.