1495 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston neighbourhood, built in 1914. At 820 square feet of living space on a 2,644-square-foot lot, it’s noticeably smaller than the average home on its street, in its neighbourhood, and across the city. Its assessed value of $164,000 reflects that—well below the street average of $210,600 and far below the citywide average of $390,100.
The appeal here isn’t about space or prestige. It’s about affordability and entry point. On its own street, it ranks in the bottom third for both size and value, which means it’s one of the more budget-friendly options in a modest area. Within Weston, the property sits closer to the middle of the pack for most metrics, so it fits the neighbourhood’s typical character rather than standing out.
This property would suit a first-time buyer who values location over square footage, or an investor looking for a lower-cost entry into an established neighbourhood. It’s not a fixer-upper in the distressed sense—there’s no indication of condition—but its age and small footprint suggest a buyer who’s comfortable with a house that has history and quirks, not a turnkey modern home. For someone who prioritizes a short commute or wants to be in a settled area without paying a premium, this could make sense.
Five Possible FAQs
1. How does the year built affect this property’s value or livability?
At 1914, it’s older than most homes on the street (average 1941) and significantly older than the citywide average (1966). Older homes often have sturdy construction but may need updates to electrical, plumbing, or insulation. It’s worth checking for knob-and-tube wiring or asbestos, common in homes of this era. The age alone isn’t a dealbreaker, but it’s a factor that should guide inspection priorities.
2. Why is the assessed value so much lower than the city average?
Assessed value is based on size, condition, and comparable sales. With just 820 sqft and a small lot, this home simply doesn’t have the square footage or land that drives values up across Winnipeg. The $164k assessment reflects the local market and the property’s modest footprint—it’s not necessarily a sign of poor condition.
3. Would this be a good rental property?
Possibly, but the math depends on rental rates in Weston. A smaller home like this would appeal to a single tenant or a couple, not a family. The low purchase price means lower carrying costs, but also a ceiling on rental income. Weston is a working-class area with steady demand, so vacancy risk is moderate. Check local rent controls and ensure the older home doesn’t require constant repairs that eat into returns.
4. How does the neighbourhood of Weston compare to other parts of Winnipeg?
Weston is an older, established area with a mix of single-family homes and some light industrial nearby. It’s not a high-growth or trendy neighbourhood, but it’s close to downtown and major routes. Amenities are functional rather than flashy. Buyers should expect a community with long-term residents and a quieter pace, not rapid appreciation.
5. Is the small lot size a problem?
At 2,644 sqft, the lot is below average for the street (3,898 sqft) and the city (6,570 sqft). That means less yard to maintain, but also less space for additions, garages, or outdoor living. If you want a garden or room for kids to play, this might feel cramped. If you prefer low-maintenance outdoor space or plan to use the yard minimally, it’s fine. The ranking on land area is among the lowest of all metrics, so this is a genuine limitation.