1429 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 795 sqft home built in 1927 on a 2,655 sqft lot in the Weston neighbourhood of Winnipeg. Its standout feature is assessed value relative to the immediate area. While the home ranks near the bottom city-wide for size and lot, its assessed value sits in the top 35% on its street and top 18% within Weston—well above the neighbourhood average of $184,700. That suggests a property that has held or gained value better than many nearby homes, despite being smaller and older.
The appeal here is pragmatic. You’re getting a compact, older home on a modest lot, but in a context where land and location have already proven their worth. This isn’t a house for someone seeking space or a large yard. It suits buyers who are comfortable with a smaller footprint and value affordability in a neighbourhood that has seen relative stability. It could also work for someone looking for a lower-cost entry into homeownership, or an investor attracted by the above-average assessed value trend in a working-class area.
Possible FAQs
1. How does the assessed value compare to the actual market price?
The assessed value is $225,000. This is an estimate used for property tax purposes, not a market valuation. In Weston, where the neighbourhood average is $184,700, this home is assessed well above that—but city-wide the average is $390,100. Whether the market price is higher or lower than assessed depends on current demand, condition, and recent sales in the area.
2. Is the small living area a disadvantage for resale?
At 795 sqft, it’s below both the street and city averages. That limits the pool of buyers—families or those wanting space will likely look elsewhere. However, compact homes in established neighbourhoods with good value retention can appeal to first-time buyers, downsizers, or investors. Resale depends more on condition and location than square footage alone.
3. What does the year built mean for maintenance and renovations?
This home was built in 1927, which is typical for Weston. Older homes often have solid framing and character details, but may need updated electrical, plumbing, insulation, and foundations. Buyers should budget for potential upgrades. A 1920s home in this part of the city is not unusual, so local contractors should be familiar with the construction style.
4. How does the lot size compare to others in the area?
At 2,655 sqft, the lot is below the street average of 3,898 sqft and well under the city-wide average of 6,570 sqft. It’s roughly average for the neighbourhood. This means less outdoor space, but also less upkeep. For buyers who don’t need a large yard, this can be a practical advantage.
5. Why is the assessed value higher than the neighbourhood average despite the small size?
Assessed value reflects location, market conditions, and the property’s condition relative to others. This home may be on a more desirable stretch of street, have been well-maintained, or benefit from recent upgrades. It’s not unusual for older, smaller homes in stable pockets of a neighbourhood to outrank others in value, especially if they’ve avoided the decline seen elsewhere.