876 Bannatyne Avenue – Property Summary

Key Characteristics & Buyer Appeal

This 1913 home on Bannatyne Avenue is a strong value play in Winnipeg’s West Alexander neighbourhood. The property stands out most for its assessed value relative to its living space. At $297,000, it ranks in the top 5% of homes in the area—substantially above the neighbourhood average of $187,300—while its living area (1,522 sqft) sits only in the top 29%. That means you’re getting more square footage per dollar than most nearby properties. The lot is also generous for the area: 4,150 sqft puts it in the top 24% locally, though well below citywide averages for land.

The trade-off is age. Built in 1913, it’s older than most homes on the street (average 1941) and significantly older than the citywide average (1966). This likely reflects original character and construction, but also means systems, insulation, and layout may be from a different era. Buyers who appreciate pre-war architecture and don’t mind—or actively want—a project with bones will find the mix appealing. It’s less suited to someone looking for a turnkey modern home or a cookie-cutter renovation.

Best fit for: Buyers who prioritize space and land in a central, established neighbourhood over a modern finish. Investors or owner-occupiers comfortable with a heritage-era home who see upside in updating.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
Above average on the street (top 11%) and elite within West Alexander (top 5%). Citywide, it sits below average (top 72%), which suggests you’re paying a premium for location and size within this specific area, not for citywide desirability.

2. What should I know about a home built in 1913?
Expect solid framing and likely good bones, but be prepared for outdated electrical, plumbing, and insulation. Original plaster, windows, and foundation should be inspected carefully. Many homes of this era have been partially updated, so check permits and condition reports.

3. Is the lot size practical for additions or a garage?
At 4,150 sqft, it’s larger than most lots on the street (average 3,898 sqft) and in the neighbourhood. That gives you room for a detached garage, a rear addition, or a substantial garden, but citywide lots average over 6,500 sqft, so it’s not oversized by Winnipeg standards.

4. Why is the citywide ranking for assessed value so different from the neighbourhood ranking?
West Alexander has lower overall assessed values than many Winnipeg neighbourhoods, so this home sits near the top locally. Citywide, it falls in the bottom third because average home values across Winnipeg are higher, especially in newer suburban areas.

5. How does the living area compare to typical Winnipeg homes?
It’s above average on the street and in the neighbourhood, and just slightly above the citywide average (1,342 sqft). You’re getting more space than a typical Winnipeg home, but not dramatically so—the real advantage is the value per square foot in this specific location.