Property score
38.8
Below average
Overall 38.8 · Smaller and older than most nearby homes
600 sqft (bottom 4%) · Built in 1912 (18 yrs older than avg)
Located in a above-average income area with median household income of ~69k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 2 shops nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 20%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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38.8 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (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: #46110908
$69K
Median household income
$79K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
26%
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
557 Bannerman Avenue — 12 amenities found within 500 m, across 6 categories, including 1 dining (nearest 126 m), 1 education (nearest 353 m), 2 healthcare (nearest 206 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 557 Bannerman Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, presenting a straightforward opportunity in Winnipeg's Inkster-Faraday area. Its key characteristics are defined by modest scale and value. The living space is 600 sq ft, which is notably smaller than most area homes, and it features an unrenovated basement and a detached garage. The assessed value is significantly below city averages. However, the lot is a meaningful asset at over 4,300 sq ft, offering above-average outdoor space for the immediate neighbourhood.
The appeal lies in its simplicity and potential. It suits a very specific buyer: someone seeking an affordable entry into homeownership, an investor looking for a rental property with low upfront costs, or a buyer with plans to build new on a sizable lot. It’s not a move-in-ready family home, but a practical project or investment base. A less obvious perspective is that its low annual property taxes, resulting from the low assessment, could provide significant ongoing savings, making holding the property while planning future steps more feasible.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on factors like home size, condition, and recent sales of similar properties. The very small living area and unrenovated state of this 114-year-old home place its value far below the average Winnipeg home.
2. What does "Top 98%" for Living Area mean?
This statistic means the home's living area is smaller than approximately 98% of comparable homes city-wide. It quantifies that this is a notably compact property.
3. Is the land large enough for an addition or new construction?
The lot size of 4,357 sq ft is above average for the Inkster-Faraday area. While feasibility depends on specific zoning bylaws and setbacks, the lot size is generally a positive factor for potential expansion or redevelopment.
4. How recent is the sold price data?
The last recorded sale was in June 2023. The provided price range is an estimate from public data; the exact sale price can be requested directly from the site.
5. What are the immediate costs to consider beyond purchase?
Given the age of the home and mention of an unrenovated basement, buyers should budget for essential maintenance and potential updates to mechanical systems (like plumbing or wiring), and factor in a thorough inspection. The condition likely requires more ongoing upkeep than a newer home.
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