Property Overview: 1094 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 sqft bungalow, built in 1957, sits on a 4,096 sqft lot in the Mynarski neighbourhood. Its core appeal lies in its strong value proposition within its immediate context. While the living space is modest compared to many city-wide averages, the property’s assessed value of $320k stands out as notably above average for both its street and local area. This suggests a home that may offer better finishes, condition, or updates than many of its neighbours, providing solid value in a more affordable pocket of the city.
The home would suit practical, value-conscious buyers. It’s ideal for a first-time homeowner looking for a manageable property with upside, or an investor seeking a character home with a stable assessment in a neighbourhood where their dollar goes further. A thoughtful perspective is that this property represents a "big fish in a small pond" scenario—it commands respect on its block, which can be a advantage for pride of ownership and potential resilience in slower markets, even if it doesn't top city-wide charts.
Section 2: Frequently Asked Questions
1. Is the living area small for the assessed value?
Yes, the living area is below average for the city and local area. The higher assessment relative to neighbours likely reflects factors not captured in square footage, such as renovations, quality of construction, lot desirability, or interior condition.
2. What does the sold price history indicate?
The home sold between $300k-$350k in September 2021. This sale price was in the top 7% for its street and top 18% for the Mynarski area at that time, confirming a history of commanding a premium relative to nearby properties.
3. How does the year built affect this home?
Built in 1957, it is a newer home compared to many on its street (top 9%), which typically suggests potentially fewer issues with very aged infrastructure. However, as a nearly 70-year-old home, a thorough inspection for updates to electrical, plumbing, and insulation remains essential.
4. Is the lot size a pro or con?
At just under a tenth of an acre, the lot is slightly below average for the area. This means lower maintenance but also limited space for large additions or sprawling outdoor amenities. It suits those preferring a manageable yard.
5. How can I verify the exact past sold price?
The site provides sold price ranges for transparency. To obtain the exact historical sale figure, you must request it directly via email, as this data is manually verified and not sourced from the MLS system.