1386 Bannatyne Avenue W — Property Summary

Key Characteristics & Appeal

This is a compact, older home in the Weston area, built in 1945, with 700 square feet of living space on a 4,681-square-foot lot. Its most notable feature is the land: the lot is well above average for both the street (top 27%) and the neighborhood (top 11%), which is unusual for a house this size. The assessed value sits at $149,000—significantly below the citywide average of $390,100—and ranks near the bottom citywide (top 97%).

The home itself is small. On the street, it’s in the bottom 15% for living area; citywide, it’s in the bottom 4%. The year built is essentially average for the immediate area, though older than most homes across Winnipeg.

Where the appeal lies is not in square footage or a flashy renovation. It’s in the combination of a low price point and a large lot in a working-class neighborhood. For someone willing to put in work—either to expand the existing footprint or treat the land as the primary asset—this could offer flexibility that a newer, smaller-lot home at a similar price wouldn’t.

Who it suits: First-time buyers with a tight budget who value outdoor space over interior size, or investors looking for a teardown or major reno on a lot that outperforms its context. It’s also a reasonable fit for someone who wants to be in Weston without paying a premium for a house they’d immediately outgrow. It does not suit anyone needing move-in ready space or a home that compares well on paper to citywide averages.

Frequently Asked Questions

1. Why is the assessed value so low compared to the city average?
The lower square footage and older construction keep the assessed value well below Winnipeg’s median. The lot is above average locally, but the house itself doesn’t add much value. That said, assessed value and market price aren’t the same—buyers still compete, especially if the lot is desirable for redevelopment.

2. Is the house livable as-is, or does it need major work?
The data doesn’t include condition or interior photos. The 1945 build and below-average assessed value suggest it’s likely original or minimally updated. You should budget for at least basic inspections and assume some deferred maintenance. It may be perfectly functional, but it’s not a turnkey property by typical standards.

3. How does the lot size compare to other properties in the area?
The lot is roughly 44% larger than the neighborhood average and about 20% larger than the average on the street. It’s toward the upper end locally, though still below the citywide average for all homes. In Weston, a lot this size is uncommon for a house of this price.

4. What’s the neighborhood like?
Weston is an older, established area west of downtown Winnipeg, with a mix of post-war bungalows and small apartment blocks. It’s not a high-demand hotspot, but it has basic amenities and reasonable access to routes into the city. The rankings show it’s an area where most homes are modest and older—this property fits the local character.

5. Would this work as a rental property?
Potentially, but the small living area (700 sqft) limits rental income and tenant profile. A single-family rental at this size would likely attract a single person or couple. The low purchase price helps cash flow if the mortgage is small, but you’d need to factor in renovation costs and check local zoning for any plans to expand or add a secondary unit.