Property Overview & Key Characteristics
This two-storey home on Banning Street offers a practical footprint of 1,340 sqft, which is above average for the Daniel McIntyre neighbourhood. Its appeal lies in its balance of established character and modern function, featuring a renovated basement that adds valuable living space. Built in 1912, the home is typical for the area and sits on a standard city lot. The assessed value is notably below the citywide average, which can signal a more accessible entry point into the market. With no garage or pool, the property presents a low-maintenance exterior profile.
This home would suit first-time buyers or practical investors looking for a solid, no-frills character home in a central Winnipeg neighbourhood. Its size is well-suited for a small family or couple. The renovated basement adds flexibility, making it a candidate for those who value extra living space, a home office, or potential rental income. Its below-average assessment for the city might also attract buyers focused on long-term value and property tax efficiency.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified by a viewing, a renovated basement in a home of this era often means it has been finished into a livable space with proper flooring, drywall, and lighting. It’s wise to check the quality of the renovation, ceiling height, and whether it includes a separate entrance or bathroom.
2. How does the below-average assessed value affect me?
A lower assessed value generally translates to lower municipal property taxes compared to a similar-sized home with a higher assessment. This can be a significant ongoing saving. However, it's important to understand that assessed value for tax purposes is not the same as market value.
3. What are the implications of having no garage?
This means relying on on-street parking, which is common in the area. Buyers should consider their daily needs for vehicle access and winter parking. The upside is a lower maintenance burden and more usable yard space.
4. Is a 1912 home a concern?
Not inherently, as many homes in Daniel McIntyre are from this era. The key is the condition of major systems (like wiring, plumbing, and the foundation) and the roof, which have likely been updated over time. A thorough home inspection is essential to understand what maintenance may be imminent.
5. How does the living area compare to nearby homes?
At 1,340 sqft, this home offers more living space than many in the immediate neighbourhood and the wider Daniel McIntyre area. This suggests better interior spaciousness for the price point compared to nearby alternatives, which is a key practical advantage.