1461 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1913-built home with 1,008 square feet of living space on a 2,651-square-foot lot in Winnipeg’s Weston neighbourhood. The property sits in the lower range of assessed value both on its street and citywide, with an assessed value of $157,000. Its living area is around average for the street and neighbourhood but below average compared to the rest of the city, where homes tend to be larger and newer. The lot is notably smaller than most other properties on the street and in Winnipeg as a whole.
Where the appeal lies is in affordability and neighbourhood context. The assessed value is well below the Weston average and far below citywide figures, making it one of the more budget-friendly options in the area. The home is older, which may appeal to buyers interested in pre-war character or a fixer-upper, though the data doesn’t speak to its condition. The land area is modest, so this isn’t a property for someone wanting a large yard or expansion potential—it’s more suited to buyers who prioritize location and lower entry cost over space.
This property would suit a first-time buyer, an investor looking for a lower-cost entry into a stable neighbourhood, or someone comfortable with an older home who values being in Weston rather than in a newer, more expensive part of the city. It’s less ideal for families wanting a large lot or a move-in-ready modern home.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in Weston?
The assessed value is $157,000, which is below the neighbourhood average of $184,700. On its own street, it ranks in the bottom 23%, meaning most nearby homes are valued higher.
2. Is the living space considered small for the area?
Not really. At 1,008 square feet, it’s slightly smaller than the street average of 1,150 sqft, but it’s actually above the Weston neighbourhood average of 936 sqft. It only looks small compared to newer citywide homes.
3. What does the “Top 73%” or “Top 96%” ranking actually mean?
A “Top 73%” ranking means the property performs better than 27% of comparable homes in that category—so it’s in the lower third. “Top 96%” means it ranks in the bottom 4% citywide for that metric, which in this case is assessed value. Essentially, lower percentages mean the property is below average relative to its peers.
4. Why is the land area so small compared to other homes?
The lot is 2,651 sqft, while the street average is nearly 3,900 sqft and the city average is over 6,500 sqft. That’s typical for older infill homes built on narrower lots in established neighbourhoods. It limits outdoor space but can mean lower maintenance and property tax.
5. Does the year built (1913) suggest any particular maintenance concerns?
It’s older than most homes in Weston (average year built is 1937) and significantly older than the citywide average of 1966. Older homes may have outdated electrical, plumbing, or insulation, and materials like lead paint or knob-and-tube wiring are possible. A specialized inspection is recommended, especially for pre-1920s construction.