Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Bannatyne Avenue): Around Average. Ranked #69 out of 139 (Top 50%). The street average for comparable homes is 1,366 sqft.
Neighborhood Level (Exchange District): Around Average. Ranked #130 out of 439 (Top 30%). The neighborhood average for comparable homes is 1,125 sqft.
Citywide Level (Winnipeg): Above Average. Ranked #3,638 out of 26,841 (Top 14%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Bannatyne Avenue): Around Average. Ranked #64 out of 139 (Top 46%). The street average for comparable homes is 377.2k.
Neighborhood Level (Exchange District): Around Average. Ranked #126 out of 439 (Top 29%). The neighborhood average for comparable homes is 344.4k.
Citywide Level (Winnipeg): Above Average. Ranked #3,679 out of 26,841 (Top 14%). 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
605-167 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 condominium at 605-167 Bannatyne Avenue is a distinctive property in Winnipeg’s historic Exchange District. Its primary appeal lies in offering substantial space and character within a vibrant urban neighborhood. At 1,395 square feet, the living area is notably larger than the Winnipeg average, placing it within the top 14% citywide. The unit is housed in a heritage building dating to 1904, which contributes to its assessed value ranking in the top 10% across the city. This combination suggests a property that prioritizes generous interior space and historic charm over modern building amenities. It last sold in April 2016 for $42,300.
Key Characteristics & Ideal Buyer
This unit stands out for its above-average square footage in a city where smaller condos are common. Its appeal is rooted in an authentic, no-frills Exchange District experience—think exposed brick and high ceilings rather than new appliances and contemporary finishes. The property’s value is firmly tied to its location within a protected historic district and its generous floor plan.
It would best suit a specific type of buyer: someone seeking an affordable entry into the core downtown area who values space and character over turn-key modern convenience. It’s a practical canvas for a DIY enthusiast or an investor comfortable with the nuances of a heritage building. The buyer should be prepared for the trade-offs of an older structure, including potentially higher maintenance fees for common areas and systems, but will be rewarded with one of the more spacious condo layouts available in the city center.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
While the municipal assessed value is around $40,100 and ranks in the top 10% citywide, this primarily reflects the unit’s desirable location and sizable square footage. It is not a direct market valuation but indicates a strong underlying property value compared to most Winnipeg homes.
2. Are there concerns with a building from 1904?
Yes, but they are expected. Prospective buyers should prioritize a thorough inspection focusing on updates to electrical, plumbing, and heating systems, as well as the condition of windows and the building envelope. Enquire deeply into the condo corporation’s reserve fund and history of special assessments.
3. Who manages the building and what are the fees?
This information is not provided in the data. You must request the condo corporation’s financial statements, bylaws, and meeting minutes to understand monthly fees, what they cover, and the health of the building’s finances.
4. How does the "below average" year-built ranking affect me?
Within the Exchange District, the building is older than 74% of comparable properties. This isn’t inherently negative—it’s part of the area’s charm—but it underscores the importance of understanding how the building’ age has been managed through updates and maintenance.
5. The last sale was in 2016 for $42,300. Is that relevant today?
It provides a historical benchmark, but the Winnipeg market has changed significantly since then. It’s most useful for understanding the seller’s potential equity position, not for determining the current market value, which will be influenced by recent sales of comparable units, current building condition, and market trends.