897 Bannatyne Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1948-built home with 1,108 square feet of living space, sitting on a notably large 6,379-square-foot lot. The property’s strongest asset is the land: it ranks in the top 2% for lot size both on its street and within the West Alexander neighborhood, and top 24% citywide. The assessed value of $254,000 is well above the neighborhood average of $187,300, partly reflecting the land premium. The living area is average for the area, and the home is slightly older than the citywide median but newer than most neighboring houses.
The appeal here is not the house itself—it’s the lot. Buyers who prioritize outdoor space, garden potential, or future development possibilities will find this property compelling. The living area is modest, so it’s less suited for someone needing maximum interior square footage. It may also appeal to investors or renovators looking at lot value over time, or to families who value yard space over a larger floor plan. The home is priced below the citywide average but above the local average, which suggests the value is concentrated in the land.
Five Frequently Asked Questions
1. Why is the assessed value above the neighborhood average but below the citywide average?
The neighborhood average in West Alexander is relatively low ($187,300), so $254,000 stands out locally. Citywide, however, includes many higher-value areas, pulling the average up to $390,100. The property is good value for its immediate area, but not cheap compared to the broader Winnipeg market.
2. The living area is around average—does that mean the house feels small?
Not necessarily. 1,108 square feet is typical for homes of this era in the neighborhood. It’s a manageable size for a couple or small family. What makes it feel potentially larger is the generous lot, which gives room for additions, a workshop, or extensive landscaping.
3. Is the lot size unusual for the street or area?
Yes. At 6,379 square feet, it’s nearly double the average on Bannatyne Avenue (3,898 sqft) and well above the neighborhood average (3,591 sqft). This kind of lot is rare in the area and is the property’s standout feature.
4. The house was built in 1948—should I expect major renovations?
It depends on how well it’s been maintained. 1948 is newer than most homes in West Alexander (average 1921), so it’s relatively modern for the neighborhood. Citywide, it’s older than the average (1966). Expect systems (plumbing, electrical, roof) to be mid-century unless updated. A thorough inspection is advisable.
5. Who would this property suit best?
It’s ideal for buyers who value outdoor space and are comfortable with a modestly sized home. Think gardeners, families with kids who need a yard, or someone planning a future addition. It’s less suited for anyone needing a large interior or a turnkey modern home.