Property Overview: 1078 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 920 sqft bungalow, built in 1957, sits on a standard 4,096 sqft lot in the Mynarski neighbourhood. Its core appeal lies in its relative value and established setting. The home’s assessed value of $292,000 is notably above the average for Bannerman Avenue itself, suggesting it may be a well-maintained or updated property within its immediate context. However, it presents as a more affordable option when compared to broader area and city-wide averages, positioning it as a potential value buy.
The property would suit first-time homebuyers or practical investors looking for an entry point into the Winnipeg market without the premium of a newer home or a larger lot. Its smaller living area and older vintage point toward a home that is manageable and likely has lower property taxes than many city-wide comparables. A thoughtful perspective is that this home represents the character and affordability of an older, central neighbourhood—it’s for a buyer who prioritizes economic efficiency and location over modern square footage or lot size.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $200,000-$250,000 in April 2021. Its current assessed value of $292,000 is higher, which can be influenced by market changes, renovations, or municipal assessment methods. Requesting the exact sale history is recommended for precise comparison.
2. Is the living space smaller than average?
Yes. At 920 sqft, it is below the average for both the Mynarski area and Winnipeg overall. This indicates a compact, efficient layout, which can mean lower utility costs but may require creative use of space.
3. What does the "above average" assessed value on its street indicate?
Ranking in the top 26% on Bannerman Avenue for assessed value suggests this property is likely valued higher than most of its direct neighbours. This could be due to factors like condition, additions, or lot advantages, making it a standout on the block.
4. How old is the home, and what might that mean?
Built in 1957, the home is 69 years old. It is newer than many on its street but is a vintage property. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, while also appreciating the charm and construction quality of its era.
5. Can I get verified historical sale data for this property?
The provided sale data is from public sources, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they provide via email.