Property Overview: 785 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft home, built in 1945, sits on a slightly larger-than-average lot for its Robertson neighborhood. Its key appeal lies in being a grounded, affordable entry point into the Winnipeg market. The assessed value of $223k is notably below both the city and neighborhood averages, suggesting a relatively lower property tax burden and an accessible price point.
The home’s living space is compact, ranking below average for the area, which positions it well for first-time buyers, downsizers, or investors seeking a manageable property. The lot size (4,664 sqft) is a standout feature, offering valuable outdoor space and future potential that many similarly priced homes lack. While the house itself is modest in scale, its value is anchored in the land. It suits practical buyers who prioritize location and lot over square footage, and who see the benefit of a home that is financially efficient in terms of both upfront cost and ongoing taxes.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 880 sqft, the home is cozier than the average house in Winnipeg. However, it is very much in line with the practical, no-fuss character of many homes in this area. It’s a layout that encourages efficient living and may have lower utility costs.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg average, this property likely carries a lower property tax bill than many homes in the city. This is a key factor for long-term affordability.
3. What does the lot size mean for me?
The lot is larger than most on the street and in the neighborhood. This provides more private outdoor space, better potential for gardening or additions, and could contribute to future value.
4. The home sold between $150k-$200k in 2021. What does that tell us?
This recent sale price indicates a history of being an affordable option. It provides a benchmark, but for an exact sale history and current valuation, verified figures should be requested.
5. Who are the typical neighbors?
The nearby homes are a mix of similar-sized properties and some larger ones, suggesting a stable, established community without extreme disparities in housing style or value.