Property Overview: 1002 Banning Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Daniel McIntyre offers solid, no-frills value. Built in 1913, its key appeal lies in its above-average living space (1,372 sq ft) for both the immediate street and the neighbourhood, providing more room than many comparable homes. It features a detached garage and a full, unrenovated basement presenting a blank canvas for future development.
The property’s strength is its established location. It represents a practical entry into a mature Winnipeg community, suited for buyers who prioritize space and location over modern finishes. It’s an ideal match for a first-time homeowner comfortable with a property that has good bones but may require personalization, or an investor looking for a straightforward rental property with a stable assessment history. A thoughtful perspective is that while its city-wide metrics for lot size and age are below average, this is typical for established inner-city neighbourhoods and is precisely what makes it an accessible option. The recent sale price suggests it’s seen as a liveable home, not just a land value.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is a standout feature. At 1,372 sq ft, it is larger than the average home on Banning Street and in the broader Daniel McIntyre neighbourhood, placing it in the top 20-30% for space locally.
2. What does the "unrenovated basement" imply?
It means the basement is functional but in its original or older state. It offers significant potential for future finishing or customization but will likely require investment to modernize.
3. Is the assessed value a reliable indicator of the property taxes?
The assessed value is used for municipal tax calculation. At $22,700, it is above average for Daniel McIntyre, so property taxes would be typical for a well-situated home in this neighbourhood. The recent sale price of $260k is the market valuation.
4. The home is over 110 years old. What should I consider?
While the structure has proven its durability, a pre-purchase inspection is essential. Focus on the foundation, roof, wiring, and plumbing to understand the condition of these core systems and plan for any necessary updates.
5. How does the lot size affect future plans?
At 2,567 sq ft, the lot is standard for the area. It provides adequate outdoor space for a garden or patio but may have limitations for major additions like a large rear extension or a new detached garage, depending on zoning bylaws and setback requirements.