Property Summary: 1506 Bannatyne Avenue W, Winnipeg

Key Characteristics & Buyer Profile

This is a compact, older home — 616 sqft of living space on a 2,654 sqft lot, built in 1947. The assessed value sits at $165,000. Across all metrics, the property ranks below average for its street, neighbourhood (Weston), and the city of Winnipeg. The living area is particularly small (in the bottom 1% city-wide), and the lot is modest. The home’s construction year is roughly average for the street but newer than much of the surrounding area, where many homes date from the late 1930s.

The main appeal here is affordability and a lower entry price point, not space or standout features. For a buyer who values a smaller footprint, lower property tax exposure, and a location in an established, older neighbourhood, this could be a practical fit. It may also suit an investor or first-time buyer looking for a property with room to improve, given the age and size — though there’s no indication of condition or renovations from the data alone. It would not suit someone seeking a larger home, modern finishes, or a lot with outdoor space.

Five Possible FAQs

1. Why is the living area so small compared to other homes in the area?
The home’s 616 sqft is significantly below the average for its street (1,150 sqft) and city-wide (1,342 sqft). This is likely a post-war bungalow or similar compact design. Buyers should verify the floor plan and consider whether the layout meets their needs, as square footage this low is uncommon.

2. Is the assessed value of $165,000 reasonable?
The assessment is below the street average ($211,000) and the city average ($390,000), but close to the neighbourhood average ($185,000). This suggests the property is priced in line with its immediate area, though lower than the broader market. Keep in mind that assessed value is not the same as market value; a local realtor can provide a comparative market analysis.

3. How does the lot size compare to typical properties in Weston?
The lot is 2,654 sqft — smaller than the street average (3,898 sqft) and just below the neighbourhood average (3,269 sqft). It’s noticeably smaller than the city-wide average (6,570 sqft). This means limited yard space, which may be a consideration for gardening, parking, or future extension.

4. What does “built in 1947” mean for maintenance or renovations?
Homes from this era often have solid construction but may need updates to systems (electrical, plumbing, insulation) and finishes. While newer than many neighbouring homes (averaging 1937), it’s still an older property. A home inspection is strongly recommended to assess the foundation, roofing, and major systems.

5. How does this property compare to others in the same price range in Winnipeg?
At $165,000, this home is well below the city’s typical assessed value. Buyers may find more square footage or land elsewhere, but likely in different neighbourhoods. The trade-off here is the specific location in Weston, which offers proximity to the Assiniboine River and established residential streets. Comparing similarly priced listings across the city is advisable.