1405 Bannatyne Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 959 sqft home built in 1914 on a 2,657 sqft lot in Winnipeg's Weston neighbourhood, with an assessed value of $194,000.

What stands out is how the property compares across different scopes. On its own street, it sits very near the middle for living area, assessed value, and year built—nothing unusual for the block. The neighbourhood picture is similar: the home is around average for the area, and slightly above the neighbourhood median for assessed value. City-wide, however, it falls well below average in size, value, and lot area. That gap between local and citywide comparisons is worth noting. It suggests a property that fits comfortably within its immediate context but would be considered modest relative to the broader Winnipeg market.

The practical appeal here is relative affordability. The assessed value is roughly half the citywide average for comparable homes. The lot is smaller than most—especially citywide—so yard space is limited. The home’s age means it likely has original character but may also come with older-home upkeep.

This property would suit a buyer looking for an entry-level or downsized home in an established neighbourhood, someone who values a street with consistent character rather than a large lot or modern finishes. It could also work for an investor targeting a rental in a modest but stable area, or a first-time buyer prioritizing location over square footage.

Frequently Asked Questions

1. How does the living area compare to other homes in Weston?
It’s around average for the neighbourhood, slightly smaller than the Weston median of 936 sqft. The home ranks in the top 43% locally, meaning it’s not unusually small for the area.

2. Is the assessed value a reliable indicator of market price?
Assessed value is a public estimate used for property tax calculation. It’s not the same as market value. However, being roughly in line with the street and neighbourhood median suggests the property is priced consistently with its immediate peers.

3. The year built is 1914. Should that be a concern?
Older homes can have charm and solid construction, but they often come with older plumbing, electrical, or insulation. Buyers should budget for a thorough inspection. The home is older than most citywide (top 89% in age) but typical for its street and neighbourhood.

4. Why is the lot size considered below average citywide but average in Weston?
Lots in Weston tend to be smaller than the Winnipeg average. This property’s 2,657 sqft lot is about average for the neighbourhood (which averages 3,269 sqft) but much smaller than the citywide average of 6,570 sqft. That’s a common pattern in older, denser neighbourhoods.

5. What does “ranked #182 out of 334 on the street” actually mean?
It means that out of 334 comparable homes on Bannatyne Avenue W, this property has a larger living area than about 54% of them. The ranking simply shows how it stacks up against similar homes on the same street—not a judgment of quality.