Property Summary: 1019 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 1953 home in Robertson presents a compelling mix of modest living space on a notably generous lot. Its primary appeal lies in the land itself: at over 7,150 sqft, the lot size is elite for both the immediate street and the wider neighborhood, ranking in the top 1%. This offers significant potential for expansion, gardening, or outdoor living that is rare in this area. The 1,012 sqft living area is typical for the neighborhood but below the Winnipeg city average, suggesting a home focused on essentials rather than spaciousness.
The assessed value of $361k is well above local averages, indicating the property is highly valued within its immediate context, likely due to the lot size and the home's condition or updates. It suits practical buyers who see value in land over square footage—such as those planning a future addition, wanting a large yard, or looking for a hold property in a established neighborhood. It may also appeal to value-conscious buyers seeking a home with a strong footing in its community, as its value and lot size significantly outperform nearby peers, offering a sense of embedded equity.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value is in the top 4% for Bannerman Avenue, largely due to its exceptionally large lot, which is in the top 1%. The size and utility of the land contribute significantly to its valuation.
2. How does the home's size compare to others in Winnipeg?
With 1,012 sqft of living area, this home is below the Winnipeg city average of 1,342 sqft. It offers a more compact footprint, which is quite typical for the Robertson neighborhood.
3. What is the significance of the lot size?
At 7,150 sqft, the lot is substantially larger than the neighborhood average of ~4,500 sqft. This is the property's standout feature, providing ample outdoor space, privacy, and potential for future projects like a garage, garden, or home expansion.
4. When was it last sold and for approximately how much?
Public records indicate it sold in September 2020 for an estimated price between $300,000 and $350,000, which was in the top 9% of sale prices for Bannerman Avenue at that time.
5. How can I get the exact historical sale prices?
The site provides estimated price ranges. To obtain fully verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.