Property Overview: 865 Bannerman Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 832 sqft bungalow, built in 1950, presents a classic Winnipeg home with a distinct value proposition. Its primary appeal lies in a combination of a generous lot and a competitive assessed value within its immediate area. While the living space is modest compared to broader averages, the property sits on a 5,340 sqft lot that is notably larger than most on its street and in the Robertson neighbourhood. This offers valuable outdoor space and potential for expansion or gardening.
The home’s assessed value of $294k is above the street average, suggesting it is viewed as a solid asset in its direct vicinity, though it remains well below the Winnipeg citywide average. This positions it as an affordable entry into the market, particularly for those prioritizing lot size over square footage. It would suit first-time buyers, downsizers, or practical investors looking for a land-advantaged property in an established neighbourhood. The appeal is grounded in fundamentals: you’re acquiring a larger-than-average parcel in a community of similar homes, which can provide stability and future flexibility rather than immediate luxury.
Section 2: Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 832 sqft, the living area is below the average for the street, neighbourhood, and city. This indicates a compact, efficient layout.
2. Why is the assessed value higher than the street average if the house is smaller?
The assessed value reflects more than just living area. The property’s above-average lot size (5,340 sqft) is a significant contributing factor, as land value is a major component of assessment. Its condition, features, and recent sales in the area also influence this figure.
3. How reliable is the sold price data shown?
The displayed sold price range from 2016 is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site, which they provide via email.
4. What does the "Top %" ranking mean for Land Area?
A ranking in the "Top 18%" for land area on its street means this property’s lot is larger than 82% of comparable lots on Bannerman Avenue. It highlights one of this home’s standout features.
5. Is this a good investment compared to the wider city market?
Based on the data, its assessed value sits significantly below the Winnipeg average, which could indicate room for value growth as city prices rise. However, this also reflects the more modest nature of the home itself. The investment case leans on the value of the land and the neighbourhood’s stability rather than the size of the existing structure.