Property Overview: 1023 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Robertson presents a compelling mix of modest living space and a generous lot. At 886 sq ft, the house itself is smaller than most on its street and across Winnipeg, suggesting a cozy, efficient layout. Its true standout feature is the land—a 5,959 sq ft lot that ranks in the top 3% on Bannerman Avenue. This creates significant potential for expansion, gardening, or outdoor living that is rare for the area.
The appeal lies in this value proposition: a home with an assessed value ($313k) that sits well above the street average, primarily driven by its premium lot size. It suits practical buyers who prioritize land over square footage, such as first-time homeowners comfortable with a smaller interior, or long-term investors who see value in the substantial, developable property. It’s a property where the investment is arguably more in the land than the existing structure, offering a footprint for future renovation or addition that neighboring properties may not.
Frequently Asked Questions
1. Is the house in good condition?
The provided data does not include a condition report. The year built (1955) is newer than many on the street, but a professional inspection is essential to understand the state of the roof, foundation, mechanical systems, and any updates.
2. Why is the assessed value higher than the street average if the house is smaller?
The assessed value reflects the property as a whole. The significantly larger-than-average lot size is a key value driver, as land is a major component of property assessment in Winnipeg.
3. What was the exact recent sale price?
The site shows a sold price range of CA$250k–300k for a transaction in May 2017. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this system does not include MLS sales records.
4. What can the large lot be used for?
Subject to City of Winnipeg zoning bylaws and permits, possibilities could include a large garage, workshop, extensive landscaping or garden, play area, or even a future home addition. The lot offers flexibility that smaller parcels do not.
5. How does this property compare to others in the neighborhood?
It has a smaller living area than the Robertson neighborhood average but sits on a lot that’s about 33% larger. Its assessed value is above the neighborhood average, indicating the market recognizes the premium for the land.