Here is a clean, standalone summary of the property at 925 Bannatyne Avenue, written for direct display.
Key Characteristics & Buyer Profile
This property is defined by an exceptionally large lot. With 6,525 square feet of land, it ranks in the top 1% on its street and the top 2% in the West Alexander neighborhood, where the average lot is roughly 3,600 square feet. The house itself is a modest 1,129 square feet—slightly smaller than the neighborhood average of 1,299 square feet—and was built in 1947, which is newer than many nearby homes (the neighborhood average is 1921).
The appeal here is the land value. The assessed value of $227,000 is above the neighborhood average ($187,300), reflecting the premium placed on the lot size, not the structure. This makes it a strong candidate for buyers who value outdoor space, gardening, or the potential for future expansion or redevelopment. Because the house is smaller and older than the citywide average but sits on a prime piece of land, it would particularly suit a hands-on buyer—someone comfortable with renovations or looking to build new. It is less suited for someone wanting a move-in-ready home of average size in a typical Winnipeg subdivision, as the living area is tighter than the city norm.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On its street, the assessed value is slightly above average, ranking in the top 34%. In the broader neighborhood, it ranks in the top 26%, meaning it is valued higher than most of its neighbors—again, due to the land.
2. Is this a good property for a renovation project?
Yes, potentially. The house itself is solidly built (1947) but modest in size. The main value is in the 6,525 sqft lot. Renovating the existing home could work if the layout suits your needs, but the real opportunity may lie in expanding the footprint or, depending on zoning, subdividing the lot.
3. How does the living area compare city-wide?
At 1,129 sqft, the home is below the citywide average of 1,342 sqft for comparable properties. It ranks in the bottom 43% city-wide, meaning most homes in Winnipeg have more interior space.
4. Why is the assessed value below the city average if the lot is so large?
Because location and the home itself matter. City-wide, the average assessed value is $390,100, which includes newer, larger homes in more expensive areas. While this lot is generous for its street and neighborhood, it is in an older, less centrally-valued part of the city relative to Winnipeg’s overall market.
5. What does the “elite” ranking for land area mean in practice?
It means this lot is among the largest on the block—specifically, larger than 99% of the properties on Bannatyne Avenue. For context, most lots in the neighborhood are under 4,000 sqft. This gives you significantly more yard space, privacy, and flexibility than almost any other house nearby.