1513 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in the Weston neighbourhood of Winnipeg, built in 1952. At 615 square feet of living area on a 2,639-square-foot lot, it is significantly smaller than most homes on its street, in the neighbourhood, and across the city—ranking in the bottom 5–10% for size in each category. The assessed value of $171,000 is roughly average for the street and neighbourhood, but well below the citywide average of $390,100.
Where the appeal lies: The property’s main draw is affordability relative to its immediate surroundings. While the home itself is small and the lot is below average for the street, the assessed value is in line with neighbourhood norms—meaning you’re not paying a premium for a smaller footprint. The year built (1952) is older than most homes on the street and in the area, but not exceptionally old citywide. This could appeal to someone looking for a post-war starter home with potential for updates, or an investor interested in a lower-entry property in an established neighbourhood.
Type of buyer it would suit: First-time buyers on a tighter budget who don’t require much space, those looking for a small-scale renovation project, or someone prioritizing location over square footage. It may also suit downsizers who want a low-maintenance footprint but are comfortable with an older structure. It is less suited to families needing room to grow or buyers seeking a turnkey property with modern finishes.
Five Possible FAQs
1. How does the living area compare to other homes nearby?
The home is well below average in size. On its street, it ranks 316th out of 334 homes—only about 5% of homes are smaller. The average living area on Bannatyne Avenue W is 1,150 sqft, nearly double this unit. In the Weston neighbourhood, it ranks in the bottom 6%.
2. Is the assessed value a good deal for the neighbourhood?
It depends on what you value. The $171,000 assessment is slightly below the street average ($210,600) and below the neighbourhood average ($184,700), so it’s priced in line with its smaller size. But relative to citywide averages ($390,100), it’s very affordable.
3. What’s the lot like compared to other properties?
The lot is 2,639 sqft, which is small for the street (only 10% of homes have smaller lots) and below the citywide average of 6,570 sqft. However, within the Weston neighbourhood, the lot size is right around the middle of the pack—nothing unusual for the area.
4. How old is the house, and is that a concern?
It was built in 1952, which is older than most homes on the street (average 1941) and in Weston (average 1937), but it’s not exceptionally old by Winnipeg standards. Many homes in the city date from the 1950s and earlier. A home inspection would be wise to check for common issues of that era—like original wiring, plumbing, or foundation condition.
5. What does the “Top X%” ranking mean exactly?
The ranking compares this home to others in the same category. For living area, “Top 95%” means it ranks in the bottom 5%—i.e., only 5% of homes are smaller. The bar fill shows roughly how many peers you outperform. A red fill usually means below average, blue means above average, and amber means around average. Higher rank numbers (closer to #1) mean a larger or newer home, or a higher assessed value.