523 Bannerman Avenue

St. John'S, Winnipeg

57.2

Fair

Overall 57.2

Older than most nearby homes

1,380 sqft (top 32%)

Built in 1904 (19 yrs older than avg)

Located in a average-income area

with median household income of ~61.2k

Transit 80.0

2-min walk to transit with 3 nearby routes

Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 2 shops nearby

Living Area

Near average

9% larger than neighborhood avg.

Year Built

Below average

19 yrs older than neighborhood avg.

Mother tongue

English · 72%Tagalog · 10%

Past 10 years St. John'S sales snapshot (~80% of all data)

Sold Count

1,054

Median price

230k

$/sqft

$193/sqft

Avg build year

1923

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Property score

57.2 is composed by the two sections below.

Property Score

58.6Fair
Living Area1,380 sqft71Good
Year Built190410Low
Lot Size5,881 sqft74Good
Neighbourhood Sales Activity59Fair

Community Score

55.1Fair
Household Income64Fair
Education Level44Low
Housing Stress63Fair
Core Housing Need38Low
Employment Health42Low

Neighbourhood Sales

St. John'S

How to read: Share of sales in each ~$50k price band for “st. john's” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110907

Community deep dive

$61K

Median household income

$68K

Average household income

20%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

26%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)498
Labour force participation rate51%
Median age36.0
Avg household size2.6
Unemployment rate10%
Population density5533 / km²

Households & income

Low income (LIM-AT, % pop.)20%
Single-person households26%
Couple families with children21%
Median household income (2020)$61K

Housing

Renter households38%
Condominium dwellings0%
Median dwelling value (owners)$180K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority30%
Bachelor's or higher (25–64)21%
Mother tongue (1st)English · 71%
Mother tongue (2nd)Tagalog · 10%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,380 sqft
0255075100
Same streetTop 16%Same areaTop 32%CitywideTop 37%
Same street · Bannerman Avenue
#90 / 577
Top 16% · Avg 1,114 sqft
Same area · St. John'S
#776 / 2,462
Top 32% · Avg 1,261 sqft
Citywide · Winnipeg
#71,250 / 194,458
Top 37% · Avg 1,342 sqft

Tax-Assessed Value

around average
195k
0255075100
Same streetBottom 27%Same areaTop 48%CitywideBottom 8%
Same street · Bannerman Avenue
#421 / 577
Bottom 27% · Avg 243.4k
Same area · St. John'S
#1,170 / 2,462
Top 48% · Avg 200.9k
Citywide · Winnipeg
#179,759 / 194,458
Bottom 8% · Avg 390.1k

Year Built

below average
1904
0255075100
Same streetBottom 1%Same areaBottom 5%CitywideBottom 1%

Lot Size

above average
5,881 sqft
0255075100
Same streetTop 10%Same areaTop 7%CitywideTop 35%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

523 Bannerman Avenue — 13 amenities found within 500 m, across 6 categories, including 1 dining (nearest 126 m), 1 education (nearest 292 m), 2 healthcare (nearest 222 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare2
🛒Shopping2
🌳Parks6
Worship1

Crime & Safety

St. John'S · WPS public data · 2026

Annual incidents

101

2026

vs. city avg

+242%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

40%

Sales History

Sold 10/2023CA$150k–200k
Sold price

Same street

Bottom 26%

Same area

Bottom 47%

City-wide

Bottom 8%

Related homes

Highlights & common questions: 523 Bannerman Avenue, Winnipeg

Property Overview: 523 Bannerman Avenue

Key Characteristics & Appeal

This home presents a distinct value proposition centered on space and potential. Built in 1904, it is notably older than most in the area, which suggests a need for updates but also offers classic character. Its primary strengths are its generous dimensions: the 1,380 sqft living area is comfortably above average for the street, and the 5,881 sqft lot is notably larger than most in the immediate neighbourhood, offering excellent outdoor space.

The appeal lies in this balance of a lower assessed value against a larger-than-average footprint. It’s a property where the investment is in the land and the structure's volume rather than in recent finishes. This makes it particularly suited for value-driven buyers—such as handy homeowners, investors, or families looking for a project—who are prepared to modernize a home in exchange for more room and a larger yard than is typically available at this price point in St. John's. It’s less suited for those seeking a move-in-ready property without any renovation needs.

Frequently Asked Questions

1. Why is the assessed value relatively low compared to nearby homes?
The assessed value is below the street average, which is likely influenced by the home's age (122 years old) and the condition reflected in its last assessment. It indicates significant potential for value increase through updates and modernization.

2. What does the sold price range (CA$150k–200k in 10/2023) tell us?
The recent sale in that range, well below the city-wide average home value, confirms the property is positioned as a value or project purchase. It suggests the market price aligns with the assessment, recognizing the work needed.

3. Are there concerns with a house built in 1904?
Absolutely. Buyers must budget for and investigate the state of major systems (plumbing, electrical, foundation, insulation) common in century-old homes. An inspection is crucial, but the age also often means solid construction and architectural details.

4. How significant is the lot size?
The lot is in the top 10% on the street for size. This is a major asset, providing ample space for gardening, expansion, or outdoor living—a rarity that adds long-term value and appeal not easily replicated.

5. How can I get the exact historical sold prices?
The site notes that exact sold figures are not displayed publicly due to data sources. You can request the exact sold price history via email from the provider, who will manually look up and send the verified information.

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