Property Overview: 779 Banning Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Daniel McIntyre presents a practical opportunity in Winnipeg's core. Its key appeal lies in its balance of a modest, renovated living space on a larger-than-average lot for the area. With 939 sqft of living area, the house is compact, but the 3,276 sqft lot offers valuable outdoor space and potential not commonly found on neighbouring properties. The home is notably newer than many in its immediate vicinity, built in 1928, which may suggest fewer concerns associated with very early-century construction.
The property suits first-time buyers or pragmatic investors seeking an entry into the market with a manageable footprint and a renovated basement adding functional space. It also appeals to those who prioritize private outdoor space over a large interior, seeing the lot as a canvas for gardening, expansion, or simply room to breathe in an established neighbourhood. The detached garage adds practical storage. From a value perspective, its assessed value is aligned with the local area, presenting a grounded, no-surprises proposition rather than a deeply discounted fixer-upper.
Section 2: Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: The living area is below average for Banning Street and the city overall, making it a more compact option. However, the lot size is significantly above average for both the street and the Daniel McIntyre neighbourhood, which is a distinguishing feature.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement is renovated but does not specify the extent. Viewing is essential to determine the finish quality, ceiling height, legal compliance, and whether it includes a separate entrance or rental potential.
Q: Is the assessed value a reliable indicator of the likely sale price?
A: The assessed value for taxation purposes ($21,500) is a municipal benchmark, not a market price. The last recorded sale was in 2016 for $18,800. Market conditions, property condition, and buyer demand will determine the final sale price, which typically differs from the assessed value.
Q: The home is almost 100 years old. What should I be concerned about?
A: While older, it's actually a newer build compared to many direct neighbours. Standard checks for an older home remain crucial: foundation integrity, roof age, plumbing and electrical updates, and insulation. Its relative age within the area could be a positive.
Q: Who are the most likely neighbours or what is the street like?
A: The proximity of five other houses on the same block of Banning Street suggests a closely settled, traditional city neighbourhood. Researching local community initiatives and street traffic patterns would provide insight into the living environment.