57.7
Fair
Property score
57.7
Fair
Overall 57.7
Compared with neighbourhood average
1,120 sqft (top 37%)
Built in 1914 (16 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 2 healthcare facilitys, 1 shop, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% larger than neighborhood avg.
Year Built
Near average
16 yrs older than neighborhood avg.
Mother tongue
English · 58%Tagalog · 25%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
57.7 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: #46110924
$81K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
26%
Single-person households
28%
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
656 Bannerman Avenue — 12 amenities found within 500 m, across 5 categories, including 1 dining (nearest 374 m), 2 healthcare (nearest 372 m), 1 shopping (nearest 374 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 41% | Top 40% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 656 Bannerman Avenue
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in Winnipeg's Inkster-Faraday neighbourhood, built in 1914. With 1,120 square feet of living space, it sits on a modest, sub-3,000 sqft lot and features a detached garage. The basement is noted as unrenovated. Its assessed value is significantly below the citywide average, a key characteristic that defines its position in the market.
The primary appeal lies in its affordability and location within a well-established community. It represents a straightforward entry point into homeownership or a potential investment property. The home suits practical, value-conscious buyers such as first-time purchasers comfortable with a home that may require updates, or investors looking for a rental property with a lower entry cost. Its older character and smaller lot size offer a lower-maintenance footprint compared to larger, newer suburban homes. A thoughtful perspective is that its below-average assessment, while indicating modest finishes, could also present a future opportunity for value increase through strategic updates, especially given the home's age and classic style.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this house?
This style typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center. It offers more space than a bungalow but often with cozier, character-filled upstairs rooms.
2. The assessed value seems very low compared to city averages. Why?
The assessed value is based on the property's condition, size, and local market as of a specific date. A value this far below the city median often reflects the home's age, the unrenovated state of the basement, and the neighbourhood's pricing dynamics. It is not a sale price but a tax assessment.
3. Is the lot size a limitation?
At just under 3,000 sqft, the lot is smaller than average for both the street and the city. This means less yard maintenance but also limited space for expansions, large gardens, or additions. It's a practical fit for those prioritizing a simpler outdoor space.
4. What can the 2021 sale price range tell me?
The listed sale price range from 2021 provides a historical benchmark, showing the home traded hands at a very affordable price point several years ago. This underscores the property's consistent positioning in the affordable market segment.
5. The basement is "not renovated." What should I expect?
This typically indicates a functional but unfinished space, likely with concrete floors, exposed beams, and basic utilities. It offers ample storage and potential for future development, but any renovation would be a project for the new owner.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
