Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Bank Avenue): Below Average. Ranked #74 out of 84 (Bottom 12%). The street average for comparable homes is 891 sqft.
Neighborhood Level (Glenwood): Below Average. Ranked #1,573 out of 1,716 (Bottom 8%). The neighborhood average for comparable homes is 1,015 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #190,390 out of 194,457 (Bottom 2%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Bank Avenue): Below Average. Ranked #49 out of 84 (Bottom 42%). The street average for comparable homes is 331.4k.
Neighborhood Level (Glenwood): Below Average. Ranked #1,132 out of 1,716 (Bottom 34%). The neighborhood average for comparable homes is 365.3k.
Citywide Level (Winnipeg): Below Average. Ranked #148,209 out of 194,455 (Bottom 24%). The citywide average for comparable homes is 435.4k.
Street Level (Bank Avenue): Below Average. Ranked #53 out of 84 (Bottom 37%). The street average for comparable homes is 1952.
Neighborhood Level (Glenwood): Below Average. Ranked #980 out of 1,716 (Bottom 43%). The neighborhood average for comparable homes is 1952.
Citywide Level (Winnipeg): Below Average. Ranked #152,216 out of 194,457 (Bottom 22%). The citywide average for comparable homes is 1966.
Street Level (Bank Avenue): Above Average. Ranked #13 out of 84 (Top 15%). The street average for comparable homes is 4,531 sqft.
Neighborhood Level (Glenwood): Around Average. Ranked #650 out of 1,716 (Top 38%). The neighborhood average for comparable homes is 4,466 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #105,286 out of 194,457 (Bottom 46%). The citywide average for comparable homes is 6,570 sqft.
Glenwood market pulse
How to read: Share of sales in each ~$50k price band for “glenwood” (Detached houses (non-condo), 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
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
27 Bank Avenue — 14 amenities found within 500 m, across 8 categories, including 3 dining (nearest 169 m), 1 education (nearest 494 m), 2 healthcare (nearest 171 m).
Crime & safety
Waste collection schedule
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Related homes
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Is this home right for you?
Property Overview
This one-storey home at 27 Bank Avenue in Winnipeg's Glenwood neighborhood presents a specific and practical opportunity. Its key appeal lies in the balance between a compact, renovated living space and a notably generous lot. At 662 sqft, the living area is modest, placing it well below average for the street, neighborhood, and city. However, the 5,015 sqft land area is a standout feature, ranking in the top 15% on its street. The home, built in 1945, has a renovated basement and a detached garage. Its assessed value is around average for the immediate area but below the wider city average.
The property suits buyers looking for an efficient, low-maintenance footprint with the valuable asset of ample outdoor space. It’s ideal for a first-time buyer, a downsizer, or an investor seeking a manageable rental property. The large lot offers clear potential for gardening, expansion (subject to permits), or simply enjoying more private space than is typical for homes in this price range. Its value proposition is less about the size of the house and more about the land it sits on and the flexibility that provides.
Frequently Asked Questions
Is the house too small?
At 662 sqft, the living space is compact. It’s best suited for individuals, couples, or those comfortable with efficient living. The renovated basement adds functional space, but the primary appeal is the land, not the square footage of the home itself.
Why is the assessed value relatively low compared to the city average?
The assessed value is aligned with similar homes on Bank Avenue and in Glenwood. It reflects the home's smaller size and older age within the broader Winnipeg market, where average home sizes and values are higher. This can represent an entry point into homeownership.
What can I do with such a large lot?
The ~5,000 sqft lot is a significant asset. Beyond a large yard, it offers long-term possibilities like adding a garage, workshop, or even a future addition. It provides a sense of space and privacy that is uncommon for homes at this price point.
How does the recent sale history inform the current price?
The home sold in late 2016 for between $21.5k and $24.5k. While not a direct indicator of current market value, it shows a history of being an affordable property. Any current asking price would need to account for market changes over the last eight-plus years.
What are the less obvious things to consider?
Consider heating and maintenance costs for an 81-year-old home, even with renovations. Also, while the lot is large, check local zoning bylaws for any restrictions on use or building. The detached garage is a plus, but assess its condition. Finally, the "below average" size metrics mean resale will likely always attract a specific, niche buyer rather than the broad market.