967 Bannatyne Avenue – Property Summary
Key Characteristics & Buyer Profile
This property stands out most clearly for its size. With 2,096 square feet of living space, it ranks in the top 5% on Bannatyne Avenue and top 6% in the West Alexander neighbourhood, where average homes are around 1,150 and 1,299 square feet respectively. The land is also generous at 5,899 square feet—well above the street average of 3,898—placing it in the top 7% locally.
The assessed value of $334,000 reflects a similar story: top 2% in the neighbourhood, where the average is $187,300. But citywide, the value sits around average (top 60%), which suggests that on a city scale, the price hasn't outpaced broader benchmarks. This gap between local prominence and citywide mediocrity is worth noting—it means the home offers exceptional space and value within its immediate area, without the premium you'd expect for comparable size in more central or high-demand Winnipeg neighbourhoods.
Built in 1956, the property is newer than many of its neighbours (most date to the early 1940s), but older than the citywide average of 1966. It's not a character home in the heritage sense, but it's solidly mid-century.
Who it suits: Buyers who want above-average square footage and lot size without paying a citywide premium. It's a strong fit for someone who values interior space and outdoor room over a fashionable address or turnkey finish. Families or investors looking for a property with room to grow—or add value—could find the disparity between local ranking and citywide value appealing. It's not for someone chasing a bargain basement price; the street and neighbourhood rankings make that clear. But for someone who wants a genuinely spacious home in a less hyped area, it's a rare combination.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby, and what does that mean for taxes?
The assessment of $334,000 is significantly above both the street average ($210,600) and neighbourhood average ($187,300), so property taxes will be higher than most neighbours'. However, citywide it's around average, so the tax burden likely aligns with other Winnipeg homes of similar size rather than being unusually high.
2. Is the lot big enough for additions, a garage, or a garden?
At 5,899 square feet, the lot is well above average for Bannatyne Avenue and West Alexander, where most are under 4,000 square feet. It's a comfortable size for a detached garage, a substantial garden, or a future addition—though you'd need to check zoning and setback rules.
3. Why is the citywide ranking for assessed value only top 60% when the neighbourhood ranking is top 2%?
Because the neighbourhood (West Alexander) has relatively low property values overall—averaging $187,300—so being at $334,000 makes you a standout locally. But citywide, $334,000 is close to the median, meaning many Winnipeg homes are assessed higher. This isn't a contradiction; it just shows that the home is a "big fish in a smaller pond."
4. What condition should I expect from a 1956 build?
You should expect a home built in the post-war era, which often means decent structural framing but systems that may be original or near end-of-life (furnace, wiring, plumbing, windows). The rankings don't speak to condition, only year built. A thorough inspection is essential, especially for a home that's older than the city average.
5. How does the property compare to others on Bannatyne Avenue specifically?
It ranks in the top 5% for living area and assessed value, and top 7% for land area. That means it's larger and more valuable than roughly 19 out of every 20 houses on the same street. It's an outlier in its immediate context—not just average or slightly above.