139 Bannerman Avenue

Property Overview: 139 Bannerman Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a substantial, century-old home (built 1912) in the Luxton neighbourhood, offering significant space and a solid foundation. Its key characteristics include a generous 1,813 sqft of living area—ranking it in the top 5% of homes on its street for size—and a large 3,795 sqft lot. The home is a two-and-a-half storey with a detached garage and an unrenovated basement. Its assessed value has risen notably in recent years, from $24.6k in early 2021 to its current $38.1k, placing it in the top tier for its immediate area.

The appeal lies in its clear potential and established footprint. It suits a specific type of buyer: those looking for a character home with room to grow, who are prepared for a project. It’s ideal for a hands-on buyer seeking to add value through renovations, or for a multi-generational household needing ample space. A less obvious perspective is its statistical standing; this isn't a typical Luxton home but one that ranks highly for size and value within its micro-market, suggesting it’s a standout property on its block for those with renovation capital and vision.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, and possibly mechanical systems, but it also presents a blank canvas.

2. The assessed value has increased significantly. What does this mean?
The jump from $24.6k to $38.1k between 2021 and the present reflects market trends and likely some improvements. It establishes a higher baseline for municipal taxes but also indicates strong perceived market value growth relative to neighbouring homes.

3. Who is this home not suited for?
It is likely not a match for someone seeking a move-in-ready, low-maintenance property. The age and mention of an unrenovated basement suggest ongoing upkeep and potential projects are part of homeownership here.

4. How does the living space compare to nearby homes?
With 1,813 sqft, it offers considerably more living area than most comparable listings in Luxton, which often range between 800-1,200 sqft. This is one of its defining features.

5. What can the lot size support?
At nearly 3,800 sqft, the lot is larger than average for the area. This provides excellent outdoor space for families, gardening, or entertaining, and may offer future potential for additions or landscaping projects, subject to city bylaws.