Property score
51.5
Fair
Overall 51.5 · Newer than most nearby homes
900 sqft (bottom 41%) · Built in 1977 (47 yrs newer than avg)
Located in a above-average income area with median household income of ~69k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Near average
12% smaller than neighborhood avg.
Year Built
Above average
47 yrs newer 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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51.5 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
578 Bannerman Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 152 m), 1 education (nearest 376 m), 2 healthcare (nearest 186 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 24% | Bottom 42% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 578 Bannerman Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on Bannerman Avenue in the Inkster-Faraday neighbourhood is defined by its practicality and position as a value-oriented entry point into the Winnipeg market. Its key characteristic is its modest 900 sqft living area, which is below average for the street and city, suggesting a manageable, efficient layout. A significant feature is the renovated basement, adding functional living space. The home stands out for its year of construction (1977), making it notably newer than most homes in its immediate area—a potential advantage for buyers concerned with older building systems.
The primary appeal lies in its affordability, as reflected in its below-average assessed value. It suits first-time buyers, investors, or downsizers seeking a lower-cost holding with modernized elements (the basement) in an established neighbourhood. The compact lot size (2,230 sqft) means minimal exterior maintenance, which could be a draw for those seeking a simpler yard. A thoughtful perspective is that while the home ranks below average in size and value metrics city-wide, its newer build date within its locale offers a relative balance, potentially meaning fewer immediate major repairs compared to neighbouring century-old homes.
Frequently Asked Questions
1. What does the "below average" ranking for Living Area and Assessed Value actually mean?
It means that compared to most similar homes across Winnipeg, this house has less square footage and a lower official assessed value. However, within its own Inkster-Faraday neighbourhood, its assessed value is around the average, indicating it is priced consistently with the local market.
2. The data shows the home sold recently in August 2024. Why is the exact price not listed?
Exact sale prices are not always publicly available in Manitoba. The range provided ($16.50k - $19.50k) is based on public data, and the precise figure can be requested directly from the listing service.
3. How significant is the 1977 build year in this context?
Very significant for this specific area. The data shows comparable homes on Bannerman Avenue average a build year of 1936. A 1977 home is likely to have more modern wiring, plumbing, and insulation standards than many of its neighbours, which can be a major practical benefit.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.
5. The land area is ranked "below average" at 99-100%. Is that a problem?
It indicates the lot is smaller than the vast majority of properties in the city. This isn't a problem but a defining trait: it translates to less yard maintenance and responsibility, which some buyers may prefer. It does limit potential for large additions or sprawling outdoor spaces.
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