Property Overview: 1031 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 886 sqft home, built in 1953, presents a compelling case for value-focused buyers. Its primary appeal lies in a significant lot size—at nearly 6,000 sqft, the property offers an "elite" parcel of land for its street, ranking in the top 2%. This creates substantial potential for expansion, gardening, or outdoor living that is uncommon for the area. While the living space is modest and below the city average, the assessed value of $290k is notably above average for Bannerman Avenue, suggesting the lot and location are key value drivers.
The home suits first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space. It also appeals to long-term visionaries who see the value in a larger lot for future improvements, whether for personal use or investment. A thoughtful perspective is that, while the house itself is smaller and older than many in Winnipeg, its above-average valuation on its street indicates it's already recognized as a premium property in its immediate context, likely due to its generous land.
Frequently Asked Questions
1. Is the house too small?
At 886 sqft, the living area is below the Winnipeg average. It would suit those comfortable with a cozy layout or who prioritize land size over interior square footage. The modest size also often translates to lower utility and maintenance costs.
2. Why is the assessed value higher than the street average?
The assessed value of $290k is above the Bannerman Avenue average of $243.4k. This is likely attributed to the property's much larger-than-average lot size, which is a major factor in municipal valuation.
3. How does the lot size compare?
The 5,960 sqft lot is a standout feature. It ranks in the top 2% on its street and the top 7% in the Robertson neighborhood, offering significantly more outdoor space than most comparable properties.
4. What is the property's history?
Public records show it was last sold between 2016 and 2025 for an estimated price in the CA$200k–250k range. For fully verified, exact sold prices and a complete transaction history, a manual lookup can be requested.
5. How does it compare to nearby homes?
The home is newer than most on its street (1953 vs. a 1936 average). While smaller than many city homes, it sits on a larger lot and has a higher assessed value than many direct neighbors, indicating a different value proposition centered on land.