Property Overview: 1132 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1132 Bannerman Avenue in the Mynarski neighbourhood presents a practical and value-conscious opportunity. Built in 1958, it is a notably newer construction compared to many homes on its street and in the immediate area, which may suggest fewer concerns with outdated infrastructure common in older Winnipeg houses. With 1,088 sqft of living space, it offers a comfortably sized layout that is actually above average for the local area, making it a sensible choice for a small family, a first-time buyer, or an investor.
The primary appeal lies in its value proposition. The home’s assessed value of $285,000 sits below the averages for both the wider Mynarski area and the city as a whole. This creates a lower entry point into the market, especially for a home of this size in Winnipeg. The lot size of 4,096 sqft is manageable, requiring less upkeep than larger plots, but still provides adequate outdoor space.
This property would best suit a buyer with a realistic budget who prioritizes functional space and a relatively newer build over a premium location or a large yard. It’s a home that offers the fundamentals without frills, ideal for someone looking to build equity or who wants to avoid the major renovation projects often associated with Winnipeg’s historic housing stock. A thoughtful perspective is that its "below average" valuation in the area might not reflect a deficiency, but rather represent a more affordable snapshot in a neighbourhood with a wide range of property values.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. However, it provides a benchmark. Given it sold between $250k-$300k in 2017, current market conditions will ultimately determine the price.
2. What does it mean that the home is "newer" than others on the street?
Most comparable homes on Bannerman Avenue average a build year of 1936. A 1958 build may mean updated electrical, plumbing, or foundation standards from the original homes, potentially reducing immediate repair costs.
3. Is the living space sufficient for a family?
At 1,088 sqft, it is above the local area average (~1,047 sqft). This typically accommodates two to three bedrooms and common living areas comfortably, suitable for a starter family.
4. Why is the assessed value below the area average?
This can be due to many factors, including the home’s specific condition, finishes, and exact location within Mynarski. It indicates this property is valued lower than many in the broader neighbourhood, which can mean a more affordable purchase price.
5. How can I verify the exact past sale prices?
The site provides sold price ranges based on public data. For fully verified and exact transaction history, you must request a manual lookup by email, as this information is not sourced from the MLS system.