1460 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1912-built home in Winnipeg’s Weston neighbourhood, with 832 square feet of living space on a 2,659 sqft lot. Its assessed value sits at $142,000.
Where its appeal lies: The property’s strongest relative position is within its immediate street context, where living area ranks in the top 70% and assessed value in the top 86%. The lot size is essentially average for the neighbourhood (top 48%), which is a more competitive standing than its citywide rank suggests. The low assessed value—well below street, neighbourhood, and city averages—may appeal to buyers looking for entry-level pricing in an established area. The age of the home (1912) places it among older stock even on its own street, which could mean original character details are still intact, but also points to potential for updates or renovation.
Who it suits: First-time buyers focused on affordability rather than space, investors seeking a lower-cost entry into the Weston area, or owner-occupants willing to take on a project. The property is not well-suited for someone needing a large home or lot, or for buyers who want a newer, move-in-ready property without compromises. The citywide rankings (bottom 89% for living area, bottom 98% for value) make this a clear budget-oriented choice, not a long-term appreciation play without improvements.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The $142,000 assessment is well below the street average of $210,600 and the neighbourhood average of $184,700. On the street, it ranks in the top 86% by value, meaning most nearby homes are assessed higher. Citywide, it’s in the bottom 2% of comparable properties.
2. Is the lot size typical for the area?
At 2,659 sqft, the lot is smaller than the street average (3,898 sqft) but very close to the neighbourhood average of 3,269 sqft—ranking in the top 48%. So it’s not unusually small for Weston, but it is modest compared to the citywide average of 6,570 sqft.
3. The home was built in 1912—what does that typically mean for a buyer?
Older homes often have solid framing and neighbourhood character, but systems (plumbing, electrical, insulation, foundation) may be original or past their expected lifespan. A thorough inspection is advisable. The home is older than most on its street, where the average build year is 1941.
4. How does the 832 sqft living area actually feel for daily use?
That’s about 20–25% smaller than the Weston neighbourhood average of 936 sqft. It’s a compact footprint—typical for a small bungalow or wartime-style house. Buyers should expect efficient layouts, limited storage, and small rooms unless previous renovations opened up the floor plan.
5. Is this property likely to appreciate in value?
That depends largely on what’s done to it. The low entry price and decent street-level rankings leave room for added value through renovations. However, the citywide position (bottom 98% by assessed value) suggests limited organic appreciation without significant upgrades or a shift in neighbourhood demand. Weston is an older, working-class area—not currently a high-growth market, but also not without potential for patient buyers.