1493 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1,068-square-foot home built in 1987 on a 2,645-square-foot lot in Winnipeg’s Weston neighbourhood. Its main strength is value relative to age and condition: the assessed value sits at $246,000, which is well above the Weston average ($184,700) and among the top 28% on its street—despite the property itself being newer than almost every home around it. Built in 1987, it ranks in the top 12% on Bannatyne Avenue W and top 8% within Weston, where the average home dates to the 1930s or 1940s.
The living area is close to the street average but slightly below the citywide average for comparable homes. The land area is notably small—2,645 square feet versus the Weston average of 3,269—ranking in the bottom 13% on the street. In other words, you’re getting a newer house on a compact lot, which keeps the entry price lower than many older, larger-lot homes in the area.
Who it suits: First-time buyers or small families who want a move-in-ready home in an established neighbourhood without paying a premium for a big yard. It also appeals to someone who prioritizes a newer build and lower maintenance over lot size. Not ideal for buyers seeking a large garden, expansion space, or a property that stands out on square footage alone.
Five Possible FAQs
1. How does this home’s assessed value compare to similar properties nearby?
The assessed value of $246,000 is above average for both the street ($210,600) and the neighbourhood ($184,700). It ranks in the top 12% in Weston, meaning most nearby homes are assessed lower—likely because they’re older or smaller. Citywide, it sits below the average for comparable homes ($390,100), reflecting that this is a more affordable part of Winnipeg.
2. Is the small lot a drawback or an advantage?
The 2,645 sqft lot is smaller than most in Weston (bottom half) and well below the citywide average for comparable homes (6,570 sqft). That means less outdoor space, but also less upkeep and lower property tax implications. For someone who doesn’t need a large yard—or wants to avoid spending time on lawn care—this can be a practical trade-off.
3. Why is the year built notable for this property?
At 1987, it’s much newer than the typical Weston home (average year built: 1937). On Bannatyne Avenue W, 88% of homes are older. That can mean fewer immediate concerns with outdated wiring, plumbing, or foundations—though it’s worth checking what updates have been done since 1987, as the home is now nearly 40 years old.
4. How does this home rank citywide?
The rankings paint a mixed picture: it’s in the top 65% for living area (around average), top 25% for newer construction, but bottom 93% for land area. The assessed value ranks in the bottom 16% citywide, confirming it’s priced well below the Winnipeg median for comparable homes. It performs strongest at the street and neighbourhood level, not citywide.
5. What should a buyer look into before making an offer?
Beyond a standard home inspection, pay attention to the lot boundaries and any easements—given the small land area, even a few feet of shared driveway or utility right-of-way can matter. Also check whether any neighbouring properties have been renovated or expanded recently, since the home’s higher assessed value relative to the street could shift if surrounding homes are upgraded.