Property Overview: 875 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Robertson neighborhood. Its key characteristic is a balance between a modest, efficiently sized house and a generously proportioned lot. At 832 sq ft, the living space is compact and below area averages, suggesting a home suited for essential living without excess. However, the 5,341 sq ft lot is notably larger than most on the street and in the neighborhood, offering valuable outdoor space and potential.
The appeal lies in this land-to-building ratio. For the right buyer, the smaller home means lower maintenance and heating costs, while the larger lot provides room for gardens, recreation, or future expansion. Built in 1951, it is newer than many homes on its street, which may indicate more modern construction fundamentals. The assessed value of $282k is positioned around the neighborhood average, presenting a grounded entry point into the market.
This property would best suit first-time buyers, downsizers, or practical investors who prioritize land value and long-term potential over immediate square footage. It’s for someone who sees a manageable home on a desirable lot as a smarter starting point than a larger house on a postage-stamp yard.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 832 sq ft, it is certainly compact. It will suit those comfortable with efficient, open-concept living or those who don’t require multiple large rooms. The trade-off is the significant outdoor space the lot provides.
2. How does the assessed value compare to likely selling price?
Assessed value ($282k) is for municipal tax purposes and is often below market value. The last recorded sale was between 2016-2020 in the $150k-$200k range; a current market evaluation is essential.
3. What can I do with such a large lot?
Beyond a spacious yard, the lot size could allow for additions like a garage, workshop, or sunroom, subject to zoning and permit approvals. It’s a key asset for future customization.
4. How does this home rank for its age?
Built in 1951, it ranks in the top 27% for age on its street, meaning it’s newer than most direct neighbors. This could suggest fewer concerns with very old infrastructure compared to nearby homes built in the 1930s.
5. Where can I get verified past sale prices?
The provided sold price data is from public records, not the MLS. For a fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as noted in the property details.