Property Overview: 843 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out in the Robertson neighborhood for its strong local positioning. At 1,240 sqft, it offers above-average living space for both its street and the wider area, providing more room than many nearby properties. Its most striking feature is its assessed value of $371k, which ranks in the top 3% on Bannerman Avenue and the top 1% in Robertson. This suggests a home that is notably well-maintained, updated, or possessing desirable features not fully captured by square footage alone.
The appeal lies in its combination of a generous, nearly 6,000 sqft lot—significantly larger than area averages—and a 1951 build date that is newer than many surrounding homes. This creates a valuable proposition: a post-war home on a spacious lot in an established neighborhood. It would particularly suit buyers looking for a move-in-ready property in a mature area who value outdoor space and a home that already holds a premium standing within its immediate community. It’s a solid choice for those who prioritize neighborhood equity over seeking a city-wide bargain, as its value is elite locally but average compared to all of Winnipeg.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to the neighborhood average?
The assessed value is in the top 1% for Robertson, indicating that municipal assessment recognizes significant value here. This is often due to major renovations, premium finishes, additions, or an exceptional condition that elevates it above comparable homes in the area.
2. How does the lot size benefit a buyer?
At 5,930 sqft, the lot is about 40% larger than the street average. This allows for more privacy, larger gardens, ample parking, or future expansion potential like a garage, deck, or addition, which is rare in older neighborhoods.
3. The home sold between $300k-$350k in 2020. What does that suggest?
The 2020 sale price was in the top 14% for the area at the time. The fact that the current assessed value has risen to $371k indicates sustained and strong appreciation, reflecting the property’s desirability and the overall market trend.
4. Is a 1951 home considered old?
In the context of this street and neighborhood, a 1951 build is actually above average. Many homes in the area were built in the 1930s and 40s. This means potentially newer wiring, plumbing, and layout compared to immediate neighbors, which can be an advantage.
5. What does the "city-wide average" ranking tell me?
While the home is elite in its local market, it ranks around average city-wide for both size and value. This perspective is useful: you are purchasing a top-tier property within Robertson, not necessarily a large or high-value home compared to all Winnipeg suburbs. It highlights the neighborhood’s relative affordability.