Property Overview: 806 Banning Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1912, its 1,176 sqft living space is squarely average for the area, offering a manageable footprint. A key updated feature is the renovated basement, adding functional living space. The property sits on a 2,474 sqft lot, which is more compact than many on its street but typical for the central neighbourhood.
The appeal lies in its position as a solid, no-frills character home in a central location. Its assessed value ranks above average for Daniel McIntyre, suggesting it is viewed favorably within the local market context. The recent renovation indicates some modern convenience within a classic structure. This home would suit first-time buyers or practical investors looking for an entry into the central market without a massive footprint or yard to maintain. It’s a home for those who value location and character over size, and who see potential in a property that has already had some foundational updates.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above the average for the Daniel McIntyre neighbourhood, but below the Winnipeg city-wide average. This indicates it is a competitively valued property within its specific, central community.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or moisture control should be verified by a home inspector and by requesting details from the seller.
3. Is the lot size a limitation?
At 2,474 sqft, the lot is smaller than many on Banning Street but is around average for the older, central Daniel McIntyre area. It offers lower outdoor maintenance but less private space than suburban lots.
4. How old are the major systems?
Given the home’s age (1912), the roof, wiring, plumbing, and heating system are likely not original, but their age and condition are critical. An inspection is essential to understand upcoming capital costs.
5. What is the parking situation?
The listing notes there is no garage. Buyers should confirm on-site parking options, such as a driveway or rear lane access, and review any street parking regulations.