Property Overview: 1836 Bannatyne Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1917, presents a classic opportunity in Winnipeg's Brooklands neighbourhood. Its primary appeal lies in the combination of a generous, above-average lot and a home with solid, functional space. With 4,844 sqft of land, the property offers significantly more outdoor space than most in the immediate area and the broader neighbourhood, ranking in the top 25% and 19% respectively. This larger lot is a standout feature for the street.
The 1,170 sqft living area is comfortably above average for Brooklands, providing good interior space. The home has an unrenovated basement and a detached garage. It last sold in January 2023 for $150,000, a price point that was notably below the city-wide average, indicating its potential as an entry point or value-based purchase.
This property would suit a practical buyer looking for land potential, such as a first-time homeowner comfortable with a property that may require updates, or an investor attracted by the lot size and the below-average assessed value relative to the city. It’s a home that offers more "bones" and land than many in its price category, trading modern finishes for foundational value and future potential.
Section 2: Frequently Asked Questions
1. What does "above average" lot size really mean here?
While the lot is larger than most in Brooklands, it's closer to the city-wide average. The key takeaway is you get more outdoor space than the typical home in this specific, established neighbourhood.
2. The home is older than most in the area. Should I be concerned?
The 1917 build date means systems like wiring, plumbing, and the foundation require careful inspection. However, many homes of this era were built with durable materials. An updated home inspection is essential.
3. How does the low assessed value impact property taxes?
A lower assessed value generally leads to lower municipal property taxes compared to a similarly sized home with a higher assessment. This can be a meaningful ongoing saving.
4. The basement is noted as "not renovated." What should I expect?
This typically indicates a functional but unfinished space, likely with original concrete walls and floors. It offers utility and storage but will require investment to convert into modern living space.
5. Who might this property not suit?
It's likely not a match for buyers seeking a move-in-ready home with modern amenities, or for those unwilling to manage the maintenance and potential updates common with a century-old structure. The value here is in the land and the canvas it provides.