Property Overview: 1835 Bannatyne Avenue W, Winnipeg

Key Characteristics & Buyer Appeal

This well-maintained two-storey home, built in 1946, sits on a standard 3,875 sqft lot in Brooklands. Its primary appeal lies in its generous and efficient living space. With 1,672 sqft of living area, the home is significantly larger than most in the immediate neighbourhood and on its street, offering above-average interior space without an overly large property footprint. A key feature is the renovated basement, adding functional space. The home includes a detached garage.

The property suits practical buyers looking for value and space in a mature neighbourhood. It’s ideal for those who want more room than a typical post-war home offers, without the upkeep of a massive yard. The strong living area ranking suggests a smart use of the existing footprint, appealing to downsizers from larger homes who don’t want to compromise on room, or to growing families seeking affordability in the city. The recent renovation of the basement indicates move-in readiness and adds versatile living or storage space.

A thoughtful perspective: while the assessed value is modest compared to the citywide average, its sale price history shows it has performed well within its local market. This suggests a property that holds its value in the context of its community, representing a stable investment in a grounded, established area rather than a speculative purchase.

Frequently Asked Questions

1. How does the living space compare to newer homes?
At 1,672 sqft, the living area is above the Winnipeg average and ranks in the top 1% for the Brooklands neighbourhood. It offers more interior space than many newer builds in the area, which often prioritize different layouts on similar lots.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for a viewing or to discuss with the listing agent to understand the quality and use of the space.

3. Is the lot size a limitation?
The lot is around the average size for the street and neighbourhood. It provides standard outdoor space for a mature area, which can mean less maintenance than a larger lot, but may limit expansion possibilities like a large addition or pool.

4. How does the assessed value relate to the likely selling price?
The home last sold for $300,000 in 2021, which was in the top 10% of sales for its street at the time. The current assessed value is significantly lower, as is typical, but the sale price history is a more relevant indicator of its market value.

5. What is the significance of the home’s age?
Built in 1946, the home is older than the city average but typical for its street. This age often means character construction but may also involve updating older mechanical systems, wiring, or windows. The renovated basement is a positive update within this context.