1446 Bannatyne Avenue W – Summary
Key Characteristics & Buyer Profile
This is a 1912-built home with 948 sqft of living space on a 2,659 sqft lot, assessed at $197,000. It sits in the Weston neighbourhood of Winnipeg.
Where its appeal lies: The property occupies a realistic middle ground. It's not a standout on paper, but it offers relative value within its neighbourhood. The assessed value ranks higher on the street (top 51%) and even better in the area (top 34%) than its living area or lot size would suggest. That points to a home priced fairly for what it is, rather than inflated by location or condition. The older construction year (1912) means it predates many postwar homes in the city, which can appeal to buyers who appreciate character, solid materials, or a more established street.
Who it suits: First-time buyers looking for an entry point into an older, established area without paying for a premium finish. Also investors or renovators who see potential in an older home where the assessed value hasn't kept pace with city averages—this can mean less competition and lower property taxes relative to newer or more updated homes nearby. It's less suited to someone seeking a move-in-ready modern home or a large suburban lot.
Five Possible FAQs
1. How does this home's size compare to others nearby?
It's around average for the street and neighbourhood. At 948 sqft, it's smaller than the street average of 1,150 sqft, but the neighbourhood average is 936 sqft, so it's actually slightly above that. Citywide, it's below the typical comparable home, which averages 1,342 sqft.
2. Is the assessed value a good proxy for market price?
Not directly. Assessed value trails market reality, but here it does suggest the home isn't overpriced relative to its neighbours. On its street, it lands in the top half; in the neighbourhood, the top third. Citywide it's low, but that reflects Winnipeg's wide range of values.
3. Should I be concerned about the 1912 build year?
It depends on maintenance history. The home is older than most on the street and in the area. That can mean outdated systems, potential for lead paint or asbestos, and less efficient insulation. But older homes often have better bones and larger rooms relative to square footage. A thorough inspection is essential.
4. The lot is 2,659 sqft—is that small?
It's below average for the street (3,898 sqft) and the neighbourhood (3,269 sqft). Citywide it's very small. But in an older urban neighbourhood like Weston, smaller lots are normal. If you want yard space for gardening or kids, this would be tight. If you want low-maintenance outdoor space, it's fine.
5. What does "Top 56%" or "Top 75%" really mean?
These rankings compare this property against similar homes within a defined group. A "top 56%" ranking on street living area means it's larger than 56% of homes on that street—so slightly above the middle. A "top 75%" for year built means it's older than 75% of homes on that street. Higher percentage = better rank for the metric in question (larger, newer, higher value).