Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Bannatyne Avenue): Below Average. Ranked #83 out of 139 (Bottom 40%). The street average for comparable homes is 1,366 sqft.
Neighborhood Level (Exchange District): Around Average. Ranked #169 out of 439 (Top 38%). The neighborhood average for comparable homes is 1,125 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #7,960 out of 26,841 (Top 30%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Bannatyne Avenue): Below Average. Ranked #82 out of 139 (Bottom 41%). The street average for comparable homes is 377.2k.
Neighborhood Level (Exchange District): Around Average. Ranked #170 out of 439 (Top 39%). The neighborhood average for comparable homes is 344.4k.
Citywide Level (Winnipeg): Around Average. Ranked #6,961 out of 26,841 (Top 26%). The citywide average for comparable homes is 276.9k.
Street Level (Bannatyne Avenue): Around Average. Ranked #38 out of 139 (Top 27%). The street average for comparable homes is 1905.
Neighborhood Level (Exchange District): Below Average. Ranked #326 out of 439 (Bottom 26%). The neighborhood average for comparable homes is 1925.
Citywide Level (Winnipeg): Below Average. Ranked #26,717 out of 26,841 (Bottom 0%). The citywide average for comparable homes is 1990.
Exchange District market pulse
How to read: Share of sales in each ~$50k price band for “exchange district” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
403-167 Bannatyne Avenue — 78 amenities found within 500 m, across 9 categories, including 53 dining (nearest 33 m), 4 education (nearest 73 m), 4 healthcare (nearest 267 m).
Crime & safety
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Related homes
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Similar assessed value
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Is this home right for you?
Property Overview
This is a 1,165 sqft condo located on the 4th floor of a historic 1904 building in Winnipeg's Exchange District. Its key appeal lies in offering generous, above-average citywide living space within a character-rich urban neighborhood. The unit sold recently for $31,40k, slightly below its current assessed value of $32.20k.
Key Characteristics & Ideal Buyer
The unit’s primary characteristic is its space. At 1,165 sqft, it provides significantly more room than the typical Winnipeg condo, ranking within the top 30% citywide for living area. This is paired with the undeniable historic charm of a 122-year-old building. Its appeal is a balance of urban lifestyle and practical square footage, set in a culturally vibrant district. Financially, it presents as a relatively accessible entry point into the Exchange District market, with a recent sale price that was competitive against its assessment.
This property would best suit a specific type of buyer: someone who values space and character over modern amenities and pristine condition. It’s ideal for an urban professional, artist, or empty-nester seeking a spacious downtown live-work environment, or an investor attracted to a well-priced unit in a high-demand historic neighborhood. Buyers must be prepared for the realities of an early-20th-century building, including potential maintenance fees associated with older infrastructure and a lack of modern features like in-suite laundry or central air, which are common in newer builds.
Frequently Asked Questions
1. What does the building’s 1904 construction mean for me?
It offers historic charm and likely solid construction, but it also means the building systems (plumbing, electrical, windows) may be older or have been updated piecemeal. A review of the condo’s reserve fund study and minutes is essential to understand upcoming major repairs.
2. How does the space compare to other downtown condos?
Very favorably. At 1,165 sqft, it is notably larger than the citywide condo average (~1,042 sqft). You are paying primarily for volume of space in a historic building, rather than high-end finishes or amenities.
3. Why did it sell below its assessed value?
This can happen for several common reasons, including the specific condition of the unit, the buyer’s market at the time of sale, or the assessed value not fully reflecting factors like interior updates or condo fee levels. It often indicates a purchaser saw an opportunity.
4. What is the neighborhood vibe on this part of Bannatyne?
The Exchange District is the heart of Winnipeg’s cultural scene, known for its architecture, restaurants, boutiques, and arts venues. This location offers an immersive urban experience with significant foot traffic and activity, especially during events and evenings.
5. Are there any obvious concerns from the provided data?
The data shows the building’s age is a standout factor—it’s among the oldest 1% of properties citywide. While this creates character, it necessitates extra diligence regarding the condo corporation’s financial health and planning for future capital projects like masonry, roofing, or elevator updates.