Property Overview: 678 Banning Street, Winnipeg
Key Characteristics & Appeal
This well-situated two-and-a-half storey home in Daniel McIntyre offers substantial space and a classic foundation. Its key appeal lies in a generous 1,848 sqft living area, which ranks within the top 5% for size both on its street and in the neighbourhood, providing significantly more room than most local comparables. The property sits on a larger-than-average 3,284 sqft lot for the area, offering valuable outdoor space. A renovated basement and a detached garage add functional utility. While the home’s 1913 build date means it requires an appreciation for character and potential upkeep, its recent sale in 2022 suggests a modern transaction history.
This home is best suited for buyers seeking a spacious character property in a central neighbourhood, who value interior square footage and lot size over a newer build. It’s a practical choice for those needing room to grow or for a homeowner comfortable with the nuances of an older, well-located house. A thoughtful perspective is that its "above average" size within a historically modest area could mean a balance of value and space, but also that property taxes and maintenance costs should be weighed against its assessed value, which is average for the immediate vicinity.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
While the living space is in the top 15% citywide, the lot size is below the city average. This indicates a home that is spacious inside but with a yard typical of a central, established neighbourhood.
2. What does the assessed value ranking indicate?
The assessment is around average for Banning Street and Daniel McIntyre, but below average citywide. This typically suggests a property in a neighbourhood with generally more affordable values compared to the entire city market.
3. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify if it is a legal secondary suite. This is a crucial point to verify with the seller and the city for potential rental income or legal compliance.
4. What might the 1913 build date mean for a buyer?
It signifies a character home with potential for original features, but also requires a thorough inspection for aging components like plumbing, electrical, and the foundation. Its recent sale in 2022, however, provides a clear, modern price benchmark.
5. How stable is the value on this street?
With several very nearby properties on the same block, there is a tight cluster of comparable homes. This can provide a clear picture of local value but may also mean less individuality and more direct comparison with neighbours.