899 Bannatyne Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,060 sqft home, built in 1948, sits on a notably large 6,376 sqft lot in Winnipeg’s West Alexander neighbourhood. Its standout feature is the land: ranked in the top 3% on the street and in the neighbourhood, and top 24% citywide. The assessed value of $224,000 is above the neighbourhood average of $187,300 but well below the citywide average of $390,100, reflecting older housing stock and a more modest living area.
The property’s appeal lies in the uncommon land-to-building ratio. In a neighbourhood where typical lots are under 4,000 sqft, this one offers nearly double that. That makes it a strong candidate for buyers who value outdoor space, gardening, or parking, or who see long-term potential in a larger lot within an established area. The living area itself is around average for the street and neighbourhood, so the house is functional but not spacious by local standards.
This home is best suited to:
- Buyers prioritizing lot size over finished square footage.
- Someone open to renovating or redeveloping on a large inner-city lot.
- Those who want a solid, older home in a central Winnipeg location without paying a premium for a fully updated property.
Five Possible FAQs
1. Is the house in good condition?
The property detail focuses on lot size, value, and year built, not condition. A 1948 home may have original systems or updates. An inspection is essential to know the state of the roof, foundation, plumbing, and electrical.
2. Why is the assessed value below the citywide average but above the neighbourhood average?
West Alexander has many older, smaller homes, so $224,000 ranks above the neighbourhood norm. Citywide, newer and larger homes in other areas push the average much higher. This property’s value reflects the older structure on a premium lot.
3. Could I build on this lot?
That depends on zoning and permits. A lot this size in a central neighbourhood is unusual, so it's worth checking with the City of Winnipeg for allowable uses, setbacks, and whether subdivision or a new build is possible.
4. How does the living area compare to similar homes?
At 1,060 sqft, it's slightly below the street average (1,150 sqft) and the neighbourhood average (1,299 sqft). It ranks in the top 43% on the street and top 64% in the neighbourhood, meaning it's a typical size for this area.
5. What does “top 3%” for land area actually mean locally?
Out of 334 homes on Bannatyne Avenue, this property ranks #9 for lot size. In West Alexander, it ranks #20 out of 772. That puts it among the largest residential lots in a neighbourhood where most homes sit on much smaller parcels.