1497 Bannatyne Avenue W – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a small, older home in Winnipeg’s Weston neighbourhood, built in 1912. At 594 square feet of living space and a 2,643 sqft lot, it’s compact by current standards—ranking in the bottom percentile citywide for both size and assessed value ($122k). The property sits on Bannatyne Avenue West, a street where most homes are larger and newer, so it stands out mainly for being an entry-level price point in a moderately older area.
The appeal here is straightforward: it’s affordable relative to the neighbourhood and city. The assessed value is roughly $60k below the Weston average and over $268k below the citywide average. For a buyer who wants to own a house rather than a condo, and who isn’t looking for space or modern finishes, this could work. It may also appeal to someone comfortable with a fixer-upper or a small-scale renovation, given the age and below-average condition implied by the value ranking. It’s less suited for families needing multiple bedrooms or anyone expecting turnkey condition. This is a budget-first purchase, not a lifestyle upgrade.
Five Possible FAQs
1. Why is the assessed value so low compared to the neighbourhood and city average?
The value reflects the small living area (594 sqft), older construction year (1912), and a below-average lot size (2,643 sqft). On both the street and in Weston, most homes are larger and newer, so this property falls near the bottom relative to its peers.
2. Is this a good investment for a first-time buyer?
It could be, if you're looking for the lowest entry cost in the area. But be realistic about what you’re getting—small square footage and an older structure may need more maintenance or upgrades than a newer home. Renovation potential is limited by the lot size and layout.
3. How does the lot size compare to other homes nearby?
It’s slightly below average for Weston (2,643 vs. 3,269 sqft neighbourhood average), but far smaller than the typical city lot. For context, it ranks around the middle of the neighbourhood (top 52%), so it’s not unusually tiny for Weston, but it’s definitely compact.
4. What does “ranked #324 out of 334” on the street mean?
It means only 10 homes on Bannatyne Avenue West have a smaller living area than this one. The vast majority of homes on the street are larger—on average about 1,150 sqft. So this is one of the smallest houses on the block.
5. Why is the year built ranked “below average” even though the neighbourhood average is 1937?
The rankings compare this property to all homes in each scope. Even though 1912 is old, it’s still older than the average home in Weston (built mostly in the 1930s). Citywide, most homes are from the 1960s, so it’s notably older. Rank is about being older or smaller than the median, not about being “bad.”