Property score
49.2
Below average
Overall 49.2 · Older than most nearby homes
1,038 sqft (top 47%) · Built in 1912 (18 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 healthcare facilitys, 1 shop, and 6 parks nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 62%Tagalog · 26%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
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49.2 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: #46110926
$80K
Median household income
$85K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
29%
Single-person households
31%
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
649 Bannerman Avenue — 13 amenities found within 500 m, across 5 categories, including 1 dining (nearest 357 m), 2 healthcare (nearest 372 m), 1 shopping (nearest 341 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 22% | Bottom 38% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 649 Bannerman Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Winnipeg's Inkster-Faraday neighbourhood presents a practical entry point into homeownership. Built in 1912, its key characteristics include 1,038 sqft of living space, an unrenovated basement, a detached garage, and a 2,950 sqft lot. Its appeal lies in its straightforward, functional layout and its position as a historically affordable property, evidenced by a below-average assessed value compared to the wider city. The home suits first-time buyers or practical investors seeking a low-cost footprint with the core elements—living space, a yard, and a garage—intact. A thoughtful perspective is that its smaller lot and modest size translate to lower maintenance demands and utility costs, offering a simpler, more manageable living arrangement. It’s a home for those who value utility and potential over immediate modern finishes.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value really indicate?
It primarily indicates the home's value for municipal tax purposes is lower than many city-wide properties. This can suggest a more affordable tax bill but often correlates with the home's age, condition, and market positioning rather than just its potential sale price.
2. Is the unrenovated basement a major concern?
It depends on your goals. It presents a clear opportunity for future customization but will require inspection for moisture, foundation integrity, and necessary updates (like wiring or insulation) to become comfortable living space. It's a project, not a move-in-ready asset.
3. How does the 1912 build year affect the home?
Homes of this era often feature solid construction but will likely have outdated mechanical systems (plumbing, heating, electrical) unless they have been updated. Energy efficiency is typically lower, and ongoing maintenance for an older structure should be budgeted for.
4. The lot is smaller than area averages. Is that a drawback?
It limits expansive landscaping or large additions but makes yard upkeep easier and can create a more neighbourhood-oriented, streetscape feel. For buyers seeking a low-maintenance outdoor space, it can be a benefit.
5. Who is the typical buyer for a home like this?
Typically, it's a first-time buyer prioritizing getting into the market, a hands-on owner looking for a live-and-renovate project, or an investor seeking a rental property with a lower initial investment. It's less suited for those wanting a turn-key, modern home.
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