1499 Bannatyne Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1943-built home with 980 square feet of living space on a 2,643-square-foot lot. Its assessed value is $184,000.
The property sits in a middle-of-the-road position within its street and neighbourhood. On Bannatyne Avenue West, it ranks around average for living area, assessed value, and year built. The same holds true within the Weston neighbourhood. Where it falls notably short is lot size—ranking in the bottom 12% on the street and bottom 7% citywide. The living area also drops to below average when compared across Winnipeg.
The appeal here is straightforward: this is a modest, entry-level home in an established neighbourhood, priced well below citywide averages. It doesn't offer standout space or a large yard, but it reflects a realistic starting point for first-time buyers or investors looking for a smaller footprint in a mature area. The year built (1943) means it has character and likely solid bones common to that era, though updates should be expected. It would suit someone who prioritizes affordability and location over square footage or lot size. Buyers looking for a fixer-upper with room to add value—perhaps through interior renovations rather than lot expansion—may find this a practical fit.
Five Possible FAQs
1. How does this property compare to others on the same street?
It's broadly average for its street. Living area ranks in the top 51%, assessed value in the top 59%, and year built in the top 55%. The lot size is the weak point, ranking in the bottom 12%.
2. Is this considered a small lot for the area?
Yes. The lot is 2,643 square feet, which is about 68% of the street average (3,898 sqft) and significantly smaller than the citywide average for comparable homes (6,570 sqft). Within the neighbourhood, it's roughly average.
3. What does the "Top X%" ranking actually mean?
It shows the percentage of comparable homes this property outperforms in a given category. For example, "Top 38%" for neighbourhood living area means it has more square footage than 38% of similar homes in Weston, and less than the remaining 62%.
4. How was the assessed value of $184,000 determined?
This is not market value—it's the municipal assessment for property tax purposes. It reflects the city's estimate of the property's value relative to similar homes. The assessment is below the street average ($210.6k) and neighbourhood average ($184.7k), and well below the citywide average ($390.1k).
5. How can I see how this property compares to nearby homes in more detail?
The listing includes a link to open the neighbourhood analysis page, which shows a map and allows side-by-side comparisons of year built, living area, assessed value, and lot size for nearby houses.