Property Overview: 740 Banning Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Daniel McIntyre presents a solid, value-oriented opportunity. Built in 1922, it offers 1,232 sqft of living space on a notably generous 3,281 sqft lot for the neighbourhood. A key feature is its renovated basement, adding functional living space. The home’s primary appeal lies in its strong local standing: its assessed value ranks in the top 13% on its street and top 9% within Daniel McIntyre, suggesting it is a well-maintained or improved property compared to immediate peers. While its size and age are average for the area, the above-average lot size offers valuable outdoor space and potential in a mature, established community.
This property would suit pragmatic first-time buyers or investors seeking a character home with modern livability in a central Winnipeg neighbourhood. It’s ideal for those who value a renovated basement for extra room or rental income potential, and who appreciate a property that already outperforms many neighbourhood comparables in terms of municipal assessment. The lot size is a less obvious advantage, providing a sense of space and greenery that can be rare in older urban areas.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in the Daniel McIntyre neighbourhood. This often reflects recent renovations, additions, or superior maintenance, but it's important to verify this through a viewing and inspection.
2. Is the living space sufficient for a family?
At 1,232 sqft, the living area is very typical for a two-storey home in this area. The renovated basement effectively increases usable space, making it functional for a small family or couple. Buyers should consider the specific room layout and storage.
3. What are the implications of the home’s age (1922)?
While the structure is over a century old, its assessed value suggests it has been updated. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, roof) common to homes of this era.
4. How does the lot size compare to typical city lots?
The 3,281 sqft lot is above average for both the street and neighbourhood, but below the city-wide average. This means you get more private outdoor space than many nearby homes, though not as much as in newer suburban areas.
5. There is no garage. What are the parking options?
The listing indicates no garage. Buyers should investigate on-street parking permits, the potential to add a driveway or parking pad (subject to bylaws), and general parking availability on Banning Street.