Property Overview: 789 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 1945-built home in Robertson presents a practical and balanced opportunity. Its key strength is a larger-than-average lot for the area at nearly 5,000 sqft, offering valuable outdoor space and potential in a city where lot size is often a premium. The 1,041 sqft living area is very typical for both the street and neighborhood, indicating a comfortable, no-frills family layout. With an assessed value of $264k, it sits below the Winnipeg city average, suggesting a more accessible entry point into the market.
The appeal lies in its positional value. It's a home that performs solidly within its immediate context—neither the largest nor the smallest, but with a lot that stands out. This profile suits first-time buyers or pragmatic investors looking for a straightforward property in an established neighborhood without the premium of a newer or significantly renovated home. It’s for those who see potential in land and location, and who are comfortable with a vintage home that may require updates. A thoughtful perspective is that its "average" metrics on the street signal stability and predictability, which can be an advantage over a property that is an extreme outlier in price or size for the area.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, it last sold between $250k-$300k in late 2019. That sale price was in the top 30% for the street at the time, indicating it was a strong performer in its immediate market.
2. Is the lot size a significant advantage?
Yes. Ranking in the top 23% on its street for land area, the lot is a defining feature. It provides more yard space than most neighboring properties, which is a fixed asset with long-term value.
3. The home was built in 1945. What should I consider?
While solidly built, a home of this age will likely have original or older major systems (like plumbing, electrical, and heating). A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.
4. How does the assessed value relate to its likely selling price?
The assessed value ($264k) is for municipal tax purposes. Market value is determined by current conditions. Notably, this assessment is above the street's average but below the neighborhood and city averages, reflecting its middle-ground position.
5. Where can I get verified historical sale data?
The site notes that due to industry rules, exact MLS sale records are not displayed. They offer a manual lookup service to provide verified transaction history and exact sale figures via email upon request.