1492 Bannatyne Avenue W – Property Summary

Key Characteristics and Buyer Profile

This is a 1949-built home with 1,099 square feet of living space on a 3,614-square-foot lot, assessed at $225,000. It sits in the Weston neighbourhood of Winnipeg. The property holds up well compared to others on the same street and within the neighbourhood. Its assessed value ranks in the top 35% on Bannatyne Avenue and top 18% in Weston, meaning it represents slightly higher value than many nearby homes. The living area is near average for the street but above average for the neighbourhood—Weston homes tend to be smaller, so this property offers more interior space than typical for the area. The year built is newer than the neighbourhood average (1949 vs. 1937), so it’s not a century home but still has character from the post-war period. The lot is slightly smaller than the street average but above average for the neighbourhood, offering a usable yard without being oversized.

The appeal here is a balance of value and practicality: the home is priced modestly compared to citywide averages, sits in a neighbourhood where it’s above the median in both value and condition, and avoids the extremes of being either a fixer-upper or a premium-renovated property. It would suit a first-time buyer looking for a solid entry point in a mature neighbourhood, an investor seeking a rental with decent assessed value relative to the street, or someone wanting a home that’s livable now but has room for appreciation without paying top dollar. Because the citywide comparisons show this property is below the Winnipeg average in value, land area, and year built, buyers should understand they’re getting a home that’s competitive locally but not a standout across the whole city.

Frequently Asked Questions

1. How does this property’s assessed value compare to others nearby?
It’s above average for both the street and the neighbourhood. On Bannatyne Avenue, it ranks in the top 35%; in Weston, it’s in the top 18%. Citywide, however, it’s well below average—about 42% lower than the typical Winnipeg comparable home. That gap is common for older, inner-ring neighbourhoods.

2. Is the living space small for a family home?
At 1,099 square feet, it’s right around the street average and noticeably larger than the neighbourhood average of 936 square feet. It’s a comfortable size for a couple or small family, but not generous by citywide standards, where the average is over 1,300 square feet.

3. What does the year built (1949) mean for maintenance and updates?
It’s newer than most homes in Weston (average 1937) but older than the citywide average (1966). That means it likely has some original features but may have had updates—buyers should check for electrical, plumbing, and insulation upgrades. It’s not a pre-war home, so the layout is often more practical.

4. How does the lot size affect usability?
The lot is 3,614 square feet. That’s smaller than the street average (3,898 sqft) but larger than the neighbourhood average (3,269 sqft). It’s a typical urban lot for the area—enough for a small garden or patio, but not sprawling. Buyers looking for a large yard should look elsewhere.

5. What kind of buyer gets the most value from this home?
Someone focused on local value rather than citywide prestige. This home outperforms most nearby properties in value and size, but is a modest option compared to newer or larger homes elsewhere. It’s a strong choice for anyone who wants to stay in Weston or a similar established area without overpaying.