1427 Bannatyne Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1916-built home with 823 square feet of living space on a 2,655-square-foot lot. Its assessed value is $135,000. Compared to other homes on the same street, the property ranks near the bottom for both size and value: it's smaller than most (top 71% on the street, with an average of 1,150 sqft) and assessed well below the street average of $210,600. At the city level, it falls in the bottom 11% for living area and bottom 2% for assessed value.

The appeal here isn't about space or modern finishes. It's about entry-level affordability in a neighbourhood where the average home is also modest. The lot, while small by city standards (top 93%), is close to typical for the Weston area specifically (top 51%). That means the property sits on a reasonably proportioned plot for the immediate neighbourhood, even if it looks tight citywide.

This property would suit a first-time buyer with a limited budget who prioritizes a low purchase price over square footage or a renovated interior. It may also appeal to an investor looking for a lower-cost entry into the Winnipeg market, or someone willing to take on a renovation project in an older home. The year built (1916) is older than average, so structural and mechanical updates should be expected.

Five Possible FAQs

1. Is the area around Bannatyne Avenue W considered a good investment?
Based on the data, homes on this street have lower assessed values and smaller living areas than the neighborhood average. Weston itself sits below city medians in both categories. The property's low rank citywide (top 98%) suggests limited upside without significant improvements, but it may offer stable, affordable housing in a mature neighbourhood.

2. How does the lot size compare to other properties nearby?
The lot is 2,655 sqft, which is smaller than the street average (3,898 sqft) but nearly on par with the neighbourhood average (3,269 sqft). It's not unusually small for Weston—just slightly below the middle of the pack.

3. What does the "ranking out of" mean for each category?
These ranks compare this property to other similar homes within the same street, neighbourhood, and city. A lower number is better. For example, ranked #300 out of 334 on the street means 300 homes on that street have a higher assessed value, putting this property in the bottom 10% of that group.

4. Is the assessed value of $135,000 likely to change soon?
Assessed values are updated periodically by the city and reflect market conditions at the time of assessment. Since this property is already well below average on the street and in the neighbourhood, a major increase would depend on significant renovations or a sharp rise in local property values. No data here suggests an imminent reassessment jump.

5. What should I look out for in a home built in 1916?
Older homes often have outdated electrical, plumbing, and insulation. The structure may also use materials or methods no longer standard. A thorough home inspection is strongly recommended, especially for the foundation, roof, and windows. The relatively small living area (823 sqft) may also mean limited closet space and smaller rooms compared to newer builds.