Property Summary: 1011 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1955-built home in Robertson presents a compelling case for value-focused buyers. Its primary appeal lies in a significant advantage: an exceptionally large lot. At nearly 6,000 sqft, the land area ranks in the top 4% for its street, offering rare potential for expansion, gardening, or outdoor space in a city setting. While the 887 sqft living area is modest—below both street and city averages—the assessed value of $290k is notably above average for Bannerman Avenue, suggesting the lot size and the home's condition are key value drivers.
The property suits first-time buyers or practical downsizers who prioritize land over square footage and are comfortable with a cozier interior footprint. It’s also a strategic fit for long-term investors or owner-occupants who see value in the underlying land asset and the possibility of future improvements. A thoughtful perspective is that this home represents a trade-off: you are acquiring a premium-sized parcel in an established neighborhood, with the understanding that the dwelling itself may require updates or creative use of space to meet modern needs.
Section 2: Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. The living area of 887 sqft is below the average for the street (1,114 sqft), the Robertson neighborhood (977 sqft), and Winnipeg overall (1,342 sqft). The home's value is anchored more in its lot size and location.
2. Why is the assessed value above average for the street?
The $290k assessment ranks in the top 27% on Bannerman Avenue, against an average of $243.4k. This is likely due to the combination of its much larger-than-average lot and the fact it is a newer build than most homes on the street (1955 vs. a 1936 average).
3. How large is the lot, and why does it matter?
The lot is 5,957 sqft, which is over 40% larger than the street average. This "elite" ranking means more private outdoor space and greater potential for additions, a garage, or landscaping—a significant long-term asset.
4. What was the recent sale history?
Records indicate a sale between $250k and $300k in October 2022. For verified, exact sale figures, you must request a manual lookup from the site via email, as they do not display full MLS data.
5. What are the likely considerations for a buyer?
Buyers should be prepared for a home whose interior size is functionally modest. The appeal is strategic: securing a large lot in an established neighborhood. Budgeting for potential updates to the 70-year-old home and plans to utilize the outdoor space will be key to maximizing the investment.