Property Overview: 1093 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1093 Bannerman Avenue in the Mynarski neighbourhood presents a compelling mix of value and character. Built in 1957, it is notably newer than many homes on its street, placing it in the top 9% locally for year built. With 1,020 sqft of living space and a 4,096 sqft lot, its size is very typical for the immediate area, offering a manageable footprint.
The primary appeal lies in its strong assessed value of $302,000, which is significantly above the street average. This suggests the property has inherent value or potential that outpaces its direct neighbours, possibly due to updates, condition, or its specific lot. It suits practical buyers looking for a home in a mature neighbourhood without the premium price of a newer city-wide subdivision. It would be ideal for a first-time homeowner, an investor, or someone seeking a solid, no-fuss property where the value is anchored more in the structure and location than in an expansive lot.
A less obvious perspective is that this property represents a "middle ground" in several ways: it's newer than its street peers but average for the wider city; its lot is smaller than the city average but standard for the area. This positions it as a stable, predictable option in a neighbourhood context, rather than a standout redevelopment opportunity.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value of $302,000 is a municipal valuation for tax purposes. While it's above the average on Bannerman Avenue, the actual market price will depend on current conditions, the home's interior condition, and buyer demand. It is a useful benchmark but not a guaranteed sale price.
2. Is the lot size a limitation?
At just under 1/10th of an acre, the lot is smaller than the Winnipeg average but is very typical for the Mynarski neighbourhood. It provides adequate outdoor space for gardening or relaxation but may not suit those looking for extensive yard space or future large-scale additions.
3. What does it mean that the home is "newer" than others on the street?
Built in 1957, this home is younger than many on its block, where the average build year is 1936. This can imply potentially fewer issues with very aged infrastructure (like original plumbing or wiring) found in much older homes, though a full inspection is still essential.
4. Are sold prices available for this home?
No direct sales history is displayed for this listing. Exact prior sale figures can be requested from the site via email for a manually provided report.
5. What are the implications of the living area being below the city-wide average?
At 1,020 sqft, the home is cozier than the Winnipeg average (~1,342 sqft). This makes it efficient to heat and maintain, well-suited for individuals, couples, or small families. Buyers needing substantial space or multiple large dedicated rooms may find it compact.