49.7
Below average
Property score
49.7
Below average
Overall 49.7
Smaller than most nearby homes
724 sqft (bottom 22%)
Built in 1955 (9 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 92.0
2-min walk to transit with 5 nearby routes
Within 500m: 2 dining spots, 2 schools, 3 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Near average
9 yrs older than neighborhood avg.
Mother tongue
English · 53%Tagalog · 19%
Past 10 years Brooklands sales snapshot (~80% of all data)
407
287.5k
$259/sqft
1964
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49.7 is composed by the two sections below.
Property Score
Community Score
Brooklands
How to read: Share of sales in each ~$50k price band for “brooklands” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110227
$81K
Median household income
$87K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
17%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1995 Bannatyne Avenue W — 11 amenities found within 500 m, across 6 categories, including 2 dining (nearest 88 m), 2 education (nearest 303 m), 3 parks (nearest 140 m).
Brooklands · WPS public data · 2026
Annual incidents
29
2026
vs. city avg
-2%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
79%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 16% | Top 26% | Bottom 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 39% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a 1955-built, one-storey home on a 6,270 sqft lot at 1995 Bannatyne Avenue W in Winnipeg's Brooklands neighbourhood. With 724 sqft of living space, no basement, no garage, and no pool, the property's defining characteristic is its land. The lot size is exceptionally large for the area, ranking in the top 3% on its street and top 2% within Brooklands. This presents a clear value proposition centred on the potential of the parcel itself, rather than the existing modest dwelling. Recent sale history shows significant price variance, indicating its value is highly sensitive to market conditions and buyer intent.
Key Characteristics & Ideal Buyer
The primary appeal of this property lies in its land. The lot is substantially larger than those of most comparable homes locally, offering rare space for expansion, gardening, or outdoor use in a mature neighbourhood. The home itself is small and basic, with below-average living area rankings city-wide. This combination suits specific buyers: those looking for a land-value opportunity, whether as a long-term hold, a future building site, or a very modest entry point into homeownership where the house itself is secondary. It could also appeal to an investor seeking a rental property with a low assessed value and tax base. The appeal is pragmatic, rooted in the asset's underlying potential rather than its current comforts.
Frequently Asked Questions
1. Why is the lot size so important here?
The lot is the standout feature. It's over 60% larger than the Brooklands average, offering flexibility that is uncommon for the area, whether for adding an addition, creating outdoor space, or future redevelopment.
2. The recent sale prices seem very different. What's the reason?
The property sold for $250k in late 2021 and then for $28.4k in late 2022. Such a drastic change typically indicates the latter was not a standard market sale; it may have been a non-arms-length transaction between related parties, a sale of partial interest, or another unique circumstance. It does not reflect a typical market price drop.
3. Who would this property not suit?
It would not suit buyers seeking a move-in ready home with modern amenities, basement storage, garage parking, or generous indoor living space. The focus here is squarely on the land.
4. What does the low assessed value mean?
The assessed value is for municipal tax purposes and is very low ($18,900), reflecting the modest improvement (the house) on the land. It suggests relatively low property taxes, but it is not a reliable indicator of the property's market value, which would be significantly higher based on its land potential.
5. Is this a teardown property?
While the existing home is small and dated, whether it's a candidate for demolition depends entirely on the buyer's plans, budget, and the specific zoning/development regulations for the lot. Its condition makes redevelopment a logical consideration for many.
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