Property Overview: 764 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, no-frills property that represents an accessible entry point into Winnipeg’s Robertson neighborhood. Its key characteristic is its modest 700 sqft living area, which is notably smaller than most comparable homes on its street, in the area, and across the city. Built in 1945, it is slightly newer than many homes on Bannerman Avenue. The lot size of 4,647 sqft is a relative strength, being above average for the street and neighborhood, offering potential outdoor space.
The appeal lies in its affordability and efficiency. With an assessed value significantly below city and area averages, it presents a lower barrier to entry. This isn't a home for those seeking abundant finished space; instead, it suits buyers comfortable with a cozy footprint or those viewing it as a strategic investment. It would be well-suited for a first-time buyer, an investor looking for a manageable rental property, or someone seeking a lower-cost base with the option to renovate or expand over time, leveraging the larger-than-average lot. Its value is in what it represents: a cost-effective holding in a well-established area.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 700 sqft, the home is significantly more compact than the average Winnipeg house. It requires efficient use of space and suits a minimalist lifestyle or a small household. The trade-off for the smaller interior is the more affordable price point.
2. How does the assessed value compare?
The $199k assessment is below the averages for Robertson ($269k) and Winnipeg overall ($390k). This suggests a potentially lower property tax burden and indicates the home is priced for its condition and size within the market.
3. What does the lot size offer?
The 4,647 sqft lot is a positive feature, being larger than many neighboring properties. This provides valuable outdoor space for gardening, recreation, or future additions like a shed, deck, or even an extension, subject to zoning.
4. What can recent sale prices tell me?
The home sold between $150k-$200k in July 2023. For exact historical sale prices, you must request a manual lookup via email, as this site does not display MLS data.
5. Who might this property not suit?
It may not be ideal for those needing multiple bedrooms, dedicated home office space, or who prefer a move-in-ready home with modern, open-concept layouts. It’s best approached as a functional starter home or a value-oriented investment.