613 Bannatyne Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,280 sqft home built in 1903 on a 2,509 sqft lot in Winnipeg’s West Alexander neighbourhood. The assessed value sits at $180,000.

Where the appeal lies: The property’s main strength is its living space. At 1,280 sqft, it’s larger than the average on its street (1,150 sqft) and sits in the top third of comparable homes in the area. The assessed value is notably low by citywide standards—ranking in the bottom 6% of all Winnipeg homes—which could mean lower property taxes relative to similarly sized houses elsewhere. The year built (1903) places it among the older homes in the city, which may appeal to buyers who appreciate character, original details, or a more established neighbourhood feel. However, the lot is small: 2,509 sqft is well below both the street average (3,898 sqft) and the citywide average (6,570 sqft).

What type of buyer it would suit: This property is likely a good fit for someone who prioritises indoor square footage over outdoor space—a downsizer, a single person, or a couple who don’t need a large yard. It could also appeal to an investor or first-time buyer looking for an older home in a central area with relatively low assessed value. The small lot and older construction may not suit families wanting room to expand or those seeking a modern, low-maintenance build.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?

On Bannatyne Avenue, this home’s assessed value of $180,000 is below the street average of $210,600, ranking 205th out of 334 properties. In the wider West Alexander neighbourhood, it’s roughly in the middle (394th out of 772). Citywide, it’s notably low—ranking in the bottom 6% of all comparable homes, where the average is $390,100.

2. Is a 1903 home likely to need significant updates?

Generally, yes. Homes built before 1920 often have older electrical, plumbing, and foundation systems. The property ranks in the bottom 11% on its street by year built and the bottom 1% citywide. While this can mean character features like high ceilings or original trim, buyers should budget for potential upgrades to insulation, wiring, and heating.

3. Why is the lot considered small, and does it matter?

At 2,509 sqft, the lot is about 36% smaller than the average on Bannatyne Avenue (3,898 sqft) and well under the citywide norm (6,570 sqft). This matters if you want a garden, off-street parking, or room to build an addition. For buyers happy with minimal outdoor maintenance or a compact urban footprint, it’s less of a concern.

4. How does the living area compare to other homes in West Alexander?

The 1,280 sqft living area is close to the West Alexander average of 1,299 sqft. It ranks 349th out of 772 properties in the neighbourhood—solidly in the middle. On the street itself, it’s above average, ranking in the top third. So you’re getting slightly more indoor space than many nearby homes, but nothing exceptional for the area.

5. What does the “neighbourhood analysis map” show?

The map allows you to compare this property’s year built, living area, assessed value, and lot size against nearby homes in West Alexander. It’s useful for seeing how this house stacks up block by block, and whether the small lot or older construction is typical for the immediate area or unusual.