Property Overview: 1124 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 1,044 sqft bungalow, built in 1958, sits on a 4,096 sqft lot in the Mynarski neighbourhood. Its core appeal lies in a strong value proposition within its immediate area. The home’s assessed value of $310k ranks in the top 13% on its own street, indicating it is considered a higher-value property among its closest peers. Notably, it is also a relatively newer build for the area, ranking in the top 7% for year built on Bannerman Avenue, which can suggest updated infrastructure or a longer potential lifespan before major system replacements.
The living space is comfortably average for the local context, making it a practical, no-fuss size. While the lot size is below average for the wider city, it is typical for the street, offering manageable outdoor space. The property last sold in late 2023 for an estimated $300k-$350k.
This home would suit a pragmatic first-time buyer or an investor looking for a solid, mid-century character home in a established neighbourhood. It’s particularly suited for someone who values being a standout property on its block in terms of assessed value and modern build, without an overly large or demanding yard to maintain.
Frequently Asked Questions
1. What does the high assessed value ranking on the street actually mean?
It means that, according to municipal assessment, this property is valued higher than 87% of comparable homes on Bannerman Avenue. This often reflects factors like the home’s condition, improvements, or lot attributes relative to its neighbours.
2. The home was built in 1958. What should I expect from a house of this age?
While newer than many on its street, a 68-year-old home will likely have had some updates. Key areas to investigate are the roof, wiring, plumbing, and heating systems, as original components may be at or beyond their typical lifespan.
3. How does the below-average lot size for Mynarski affect the property?
It primarily means less yard space than many in the broader neighbourhood. For buyers, this translates to lower maintenance but less potential for large additions or expansive outdoor living areas compared to some area homes.
4. The sold price data shows a range. How can I find the exact price?
The exact sale price is not publicly displayed due to industry regulations. You can request it by email through the provided link on the listing page; the service will manually retrieve and send the verified figure to you.
5. Is the living area of 1,044 sqft sufficient for a family?
This depends on the family's size and needs. It is slightly below the average for the street (~1,114 sqft) but very close to the Mynarski area average (~1,047 sqft). It typically accommodates a small family or couple comfortably, but may feel compact for larger families.