1086 Bannerman Avenue

Property Summary: 1086 Bannerman Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 920 sqft bungalow, built in 1957, sits on a 4,096 sqft lot in the Mynarski neighbourhood. Its core appeal lies in its strong value proposition within its immediate locale. While the living space is modest compared to many city homes, its assessed value of $306k ranks notably high for Bannerman Avenue (in the top 16%), suggesting it is perceived as a well-maintained or updated property on its street. This creates an interesting dynamic: a home that offers above-average value on its own block while being priced around the average for the wider Mynarski area.

The property would suit first-time buyers or practical downsizers seeking an entry into the market with a home that stands out positively among its direct neighbours. Its 1957 build date is newer than most on the street, potentially implying fewer immediate concerns with aging infrastructure. The lot size is typical for the area, offering standard outdoor space without extensive maintenance demands. A thoughtful perspective is that this home may represent a "best-in-class" option on its block, offering a sense of relative value and stability for a buyer focused on a specific, established neighbourhood rather than city-wide comparisons.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in August 2019. The current assessed value of $306k is higher, which is common as assessments aim to reflect market value. For exact historical sale figures, a manual lookup can be requested.

2. Is the living area smaller than average?
Yes. At 920 sqft, it is below the average for both the Mynarski area and Winnipeg overall. This indicates a compact, efficient layout suitable for individuals, couples, or small families.

3. What does the "Top 16%" rank for value on its street mean?
This statistic means that on Bannerman Avenue, this home's assessed value is higher than approximately 84% of comparable properties. It suggests this specific home is considered one of the more valuable properties on the block.

4. How old is the home, and is that a concern?
Built in 1957, the home is 69 years old. While this age brings potential for older components, it’s notably newer than the average home on its street (where the average build year is 1936), which could be a relative advantage.

5. What are the key comparisons for a buyer to consider?
The most telling comparisons are local. While the home is smaller than city averages, it holds a strong value position on its own street. Buyers should weigh the benefits of its street-level standing against its smaller size and consider how it compares to recently sold nearby homes like 1166 Polson Avenue (similar value, slightly larger).