Property Overview: 1128 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1128 Bannerman Avenue in the Mynarski neighbourhood presents a practical opportunity. Built in 1959, its age is a standout feature—it is notably newer than most homes on its street and in the immediate area, ranking in the top 6% and 4% respectively. This suggests a potentially updated mechanical system or structure compared to its older neighbours. With 1,062 sqft of living space and a 4,096 sqft lot, the property offers a manageable size, sitting around the average for the local area but below the wider city averages.
The primary appeal lies in its value proposition within its context. The assessed value of $287k is above the street average but sits below the averages for both the Mynarski area and Winnipeg overall. This positions it as a relatively more modern home on its block, potentially offering a balance between condition and price in a neighbourhood where homes are typically older. The last known sale was between $200k-$250k in late 2020.
This property would suit a first-time buyer or practical investor looking for a home with solid fundamentals in a mature neighbourhood. It’s for someone who values a house that is newer than its surroundings, possibly with less immediate need for major foundational updates, over having a larger lot or square footage compared to city-wide standards.
Frequently Asked Questions
1. Is this a good value for the area?
The data suggests a mixed picture. The home’s assessed value is above the street average but below the area and city averages. Its newer construction date relative to the neighbourhood is a significant value-add, which may justify its assessment.
2. How does the lot size compare?
At just over 4,000 sqft, the lot is around average for Bannerman Avenue but below average for both the Mynarski area and Winnipeg city-wide. It provides standard outdoor space for the immediate locale.
3. What does the "newer" build year actually mean for me?
A 1959 build is still an older home, but being in the top 4-6% newest homes in its local comparison group is meaningful. It implies a higher likelihood of more modern wiring, plumbing, or foundation standards than its pre-war neighbours, which can reduce near-term capital risks.
4. Why is the assessed value higher than the last sold price?
The last recorded sale was in September 2020. Market conditions and property assessments have changed since then. The current assessed value reflects the municipality’s valuation for taxation purposes, which has likely increased from the 2020 sale price.
5. How can I get the exact historical sale prices?
The site provides sold price ranges for general research. Due to industry regulations, exact MLS sale figures are not published online here. You can request the full, verified transaction history by emailing the site directly for a manual lookup.