1487 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 988 sqft home built in 1947 on a 3,438 sqft lot in Winnipeg’s Weston neighbourhood. Its main appeal is value within an established, older residential area. The assessed value of $211k sits slightly above the neighbourhood average of $184.7k, but is well below the citywide average of $390.1k. The home is roughly mid-range for its street and near the top quarter of its neighbourhood for value—suggesting the property holds its ground locally without being overvalued relative to the broader market.
The home’s living area is slightly below the citywide average, and its lot size is also smaller than the typical Winnipeg property. That said, the lot is still a usable size for a single-family home, and the neighbourhood average lot is actually a bit smaller. The year built (1947) places it among the newer homes in Weston, where the average is 1937, though it is older than the citywide average of 1966.
This property would suit a buyer looking for an affordable entry into a stable, older neighbourhood, likely someone who values proximity to services and a more established community over a newer or larger home. It may also appeal to an investor or first-time buyer comfortable with a smaller footprint and willing to update a post-war home over time. The relatively low citywide ranking for value and living area suggests the property is not a standout in the broader market, but it performs well within its immediate context—pointing to a modest, grounded asset rather than a flashy flip.
Frequently Asked Questions
1. How does this home compare to others on its street?
It ranks 167th out of 334 homes on Bannatyne Avenue W for living area (roughly middle of the pack) and 141st for assessed value. That means it’s fairly typical for the street—not unusually large or small, not over- or under-valued relative to its neighbours.
2. Is the lot size considered small?
In the Weston neighbourhood, the average lot is 3,269 sqft, so this lot (3,438 sqft) is slightly above average. Citywide, however, the typical lot is much larger at 6,570 sqft. So it’s generous for the area but small by Winnipeg standards.
3. Why is the assessed value “above average” for the neighbourhood but “below average” citywide?
Weston is an older, more affordable pocket of Winnipeg. Homes here tend to be valued lower than the city as a whole. This property’s $211k assessment is higher than the neighbourhood average of $184.7k, meaning it’s a higher-value home within Weston—but still well below the citywide average of $390.1k.
4. What does the 1947 build year mean in practical terms?
The home is newer than most in Weston (where the average build year is 1937), so it may have a more modern layout or foundation than neighbouring properties. However, it’s still a post-war home—older construction, likely with original systems or materials that may need updating. Buyers should budget for potential electrical, plumbing, or insulation upgrades.
5. Is this property a good investment?
It depends on your goals. The home is competitively priced for the neighbourhood and ranks well locally, but its citywide percentile is low. That suggests limited upside in a rising market unless the neighbourhood itself appreciates. However, for someone buying a home to live in—especially at an entry-level price point—it offers solid relative value. The smaller living area and lot may also mean lower upkeep costs.