875 Bannatyne Avenue – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,726 sqft home sits on a generous 5,137 sqft lot in Winnipeg's West Alexander neighborhood. Built in 1907, it offers substantially more living space than most homes on its street (top 15%) and in the surrounding area (top 19%). The land is notably large for the immediate neighborhood—ranking in the top 12% locally, with nearly 1,600 sqft more than the average lot on Bannatyne Avenue.
Its assessed value of $215,000 sits roughly in line with other homes on the street (top 39%), though it's below the citywide average. This price-to-space ratio is the property's main draw: you're getting significantly more square footage—both indoors and outdoors—than what's typical for the area, without paying a premium for it.
The home would suit buyers who prioritize interior space and a sizable yard over a newer build or turnkey condition. Someone comfortable with an older home's character and potential upkeep—or looking to renovate—would find the layout and lot size compelling. It's less suited for buyers seeking a modern, low-maintenance property, or those who need a home that's already updated throughout. The below-average year built (older than 81% of homes on the street) is a clear trade-off.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
On Bannatyne Avenue, the $215,000 assessment is close to the street average of $210,600. At the neighborhood level, it's above the $187,300 average—ranking in the top third. Citywide, it falls well below the $390,100 average, which reflects that this area generally has more affordable housing than many parts of Winnipeg.
2. What's the practical advantage of the larger lot?
A 5,137 sqft lot gives you room for a sizable garden, playspace, or future addition—something you'd be hard-pressed to find on most nearby properties, where the average is under 4,000 sqft. It's a notable feature in a dense older neighborhood where large lots are uncommon.
3. Is the home's age a concern for financing or insurance?
Older homes can sometimes come with stricter insurance requirements or lender conditions, particularly around electrical, plumbing, or roofing. It's worth having a home inspection focused on the major systems and structure. That said, many homes built in 1907 in Winnipeg remain sound with proper maintenance.
4. How does the living area compare to newer homes in the city?
At 1,726 sqft, this home is above the citywide average of 1,342 sqft for comparable properties. It's larger than roughly 80% of homes across Winnipeg. Buyers used to newer, smaller infill homes would find this noticeably more spacious.
5. What does "rank by year, newer = better rank" mean in this context?
The ranking system treats a newer build as more desirable, so an older home like this one (1907) ranks low—in the bottom 20% on the street and bottom 96% citywide. It simply means the home is older than the vast majority of properties it's compared against, not that it's in poor condition. Many buyers specifically seek older homes for their character, mature lots, or established neighborhoods.