874 Bannatyne Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1914 home with 1,548 square feet of living space on a 4,150-square-foot lot in West Alexander, Winnipeg. Its standout feature is the living area—well above average for its street, neighbourhood, and city. The lot is also on the generous side locally, ranking in the top third on Bannatyne Avenue and top quarter in West Alexander.
Where the property really differs from expectations is in assessed value. Despite being larger and on a bigger lot than many neighbours, the assessed value sits around the local average and falls well below the citywide median. That means the buyer gets more physical house and land per dollar of assessed valuation than typical. The year built (1914) is older than the city average, which is worth noting for maintenance and character—it ranks in the older third of homes citywide.
The appeal here is for a buyer who values space and land over a modern or recently updated property, and who is comfortable with an older home in a central neighbourhood. It would suit someone looking for above-average square footage without paying a premium for new construction or a high-value assessed address. A buyer who appreciates early-20th-century character and doesn’t mind some updating—or who sees the lower assessed value as a potential value play—would be a natural fit.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
It’s noticeably larger than most. The living area is 1,548 sqft, while the average on Bannatyne Avenue is 1,150 sqft and the neighbourhood average is 1,299 sqft. It ranks in the top 20% on the street and top 28% in West Alexander.
2. Why is the assessed value so much lower than the city average?
The assessed value is around $175,000, compared to a citywide average of about $390,000 for comparable homes. That’s largely because the city average includes many newer, more expensive properties across all of Winnipeg. Within its own street and neighbourhood, the assessed value is actually around average—so it’s not under-valued locally, just very different from the citywide mix.
3. Is a 1914 home likely to have any particular issues?
It depends on how it’s been maintained, but homes from this era often have older electrical, plumbing, and insulation. The lot is a solid 4,150 sqft, so there’s good outdoor space, but the house itself may need some system updates. The year-built ranking (older than 89% of city homes) is a reminder to budget for potential work.
4. What does “rank by living area, larger = better rank” mean exactly?
It means homes are sorted by living area size, and a higher rank (closer to #1) means a larger home. For example, ranking #68 out of 334 on the street means only 67 homes have more square footage. The bar fill shows what percentage of comparable homes you outperform in that category.
5. Who would this property not be a good fit for?
Buyers looking for a move-in-ready modern home with a low-maintenance footprint would likely want to look elsewhere. Also, anyone who prioritizes a high assessed value for resale or equity perception may find the citywide ranking (top 95% for low value) off-putting, even if the local value is fair.