Property Overview: 1090 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1090 Bannerman Avenue in the Mynarski neighbourhood presents a practical and value-oriented opportunity. Built in 1957, it is notably newer than many homes on its street, which may suggest updated infrastructure or fewer immediate repair concerns compared to older peers. With 1,063 sqft of living space and a 4,096 sqft lot, the property offers a comfortable footprint that is very typical for its immediate area, fitting for a small family, a couple, or a first-time buyer.
Its primary appeal lies in its strong value proposition within its local context. The assessed value of $297,000 ranks well above the street average, indicating it is viewed as a higher-quality asset on Bannerman Avenue. However, this value sits below the wider city average, positioning it as an affordable entry point into the market. This creates an interesting dynamic: you are acquiring a home that stands out on its own block for a price that is competitive city-wide.
The property would suit a pragmatic buyer who prioritizes value and neighbourhood character over sheer size or a premium city-wide location. It’s ideal for someone looking for a solid, no-frills home in a community setting, where the investment goes further into the structure itself rather than into extra land or square footage. A thoughtful perspective is that this home represents stability—its metrics suggest it’s a firmly "average" offering in its direct vicinity, which can mean less volatility and predictable upkeep costs compared to more outlier properties.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold between $300,000 and $350,000 in September 2023, which aligns closely with its current $297,000 assessment. This suggests the assessed value is a reliable, current reflection of its market worth.
2. Is the lot size a limitation?
At just under 1/10th of an acre, the lot is smaller than the Winnipeg average. However, it is very standard for the Mynarski area. It provides adequate outdoor space for a garden or patio without the high maintenance of a larger yard, which can be a benefit for busy homeowners.
3. What does it mean that the home is "newer" than others on the street?
With a build year of 1957, this home is significantly newer than the street average (1936). While still an older home, this could imply that major systems like plumbing or electrical have seen updates over time, or that the building envelope is in relatively younger condition compared to its century-old neighbours.
4. How does this property fit into the broader Winnipeg market?
City-wide, this home sits below average in both assessed value and land size. This clearly positions it as an affordable option for buyers willing to trade premium location or expansive lots for a lower price point and a home that offers strong value within its own community.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and verified figures via email from the provider, who will manually look up the information and send it to you.