1404 Bannatyne Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 698 sqft home built in 1930, sitting on a 2,660 sqft lot in the Weston neighbourhood of Winnipeg. Its assessed value is $187,000.

The property’s appeal is largely practical: it’s priced below the street and city averages, and its assessed value sits around the median for both the street and the neighbourhood. For a buyer who wants to minimize carrying costs or property tax exposure, that’s a real advantage. The living area and lot size are both small—well below street, neighbourhood, and city norms—but the land area is actually fairly typical for Weston, which suggests the neighbourhood itself has a mix of older, tighter lots.

This would suit a first-time buyer looking for an affordable entry point, or someone who prefers a smaller footprint with lower upkeep. It may also appeal to an investor or renovator, given its age (pre-war stock) and below-average living area—the bones could offer expansion potential if zoning allows, or a value-add opportunity after cosmetic updates. It’s less suited to someone seeking space for a growing family or a large yard.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?

On Bannatyne Avenue W, the average assessed value is about $210,600; this home is around $187,000, which is near the middle of the street pack. In the broader Weston area, the average is $184,700, so it’s right in line. Citywide, it’s well below the $390,100 average, reflecting the fact that this is an older, smaller home in a more established part of the city.

2. The living area is small—can it be expanded?

Possibly, but it depends on the lot’s zoning and setbacks. The lot is 2,660 sqft, which is typical for Weston but tight by city standards (citywide average is 6,570 sqft). A buyer would need to check with the city for permitted additions or secondary suites. Given the home was built in 1930, there may also be structural or heritage considerations.

3. Is the neighbourhood quiet or up-and-coming?

Weston is a mature, working-class area with older homes, good access to the Assiniboine River and parks, and proximity to downtown and the Perimeter Highway. It’s not a trendy hot spot, but it offers stability and relatively reasonable pricing. Some streets have seen renovation activity; others remain largely original. A drive-by at different times of day is worthwhile.

4. How old is the home, and what should I watch for?

Built in 1930, it’s older than most homes citywide (average year built is 1966), but fairly typical for the street (avg 1941) and neighbourhood (avg 1937). With a pre-war home, expect potential issues like outdated electrical, cast-iron plumbing, lead paint, and less insulation. A thorough home inspection is strongly recommended, especially for foundation and roof condition.

5. What’s the property tax situation likely to be?

Property taxes are based on assessed value. At $187,000, this home’s tax bill should be on the lower side—well below the citywide typical home, and in line with other properties in Weston. If you’re comparing within the neighbourhood, the difference between this and a $210,000 house might be a few hundred dollars a year.