Property Overview & Key Characteristics
This 1912 one-and-three-quarter storey home on Banning Street in Daniel McIntyre offers a classic Winnipeg character home experience. Its key appeal lies in a balance of historic charm and practical updates, notably a renovated basement. At 990 sqft, the living space is cozy and efficient, suitable for a small household. The property stands out for its larger-than-average lot (3,275 sqft), providing valuable outdoor space that is uncommon for the area. While the home's size and age are below the city-wide averages, it aligns more closely with the norms of its immediate neighbourhood and street, suggesting it fits well within the context of this established community.
The home would suit first-time buyers or downsizers looking for an entry point into a central neighbourhood without a large footprint or extensive maintenance. Its value proposition is grounded in its lot size and location rather than sheer square footage. A thoughtful perspective is that this property represents a "land play" in a mature area—the lot itself is a significant asset. The renovated basement adds functional living space, which is a key advantage for a home of this era. Buyers should be those who appreciate older home character and are prepared for the upkeep that comes with a 114-year-old structure, seeing it as a chance to own a piece of the city's architectural history.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 990 sqft, the living area is slightly below the average for Daniel McIntyre (approx. 1,142 sqft) and for Banning Street specifically (approx. 1,228 sqft). This indicates a more compact, efficient layout typical of many character homes in the neighbourhood.
2. What is the significance of the lot size?
The 3,275 sqft lot is a standout feature, ranking in the top 22% both on Banning Street and in the wider Daniel McIntyre area. This offers more private outdoor space than many comparable properties, which is a valuable asset.
3. What can the assessed value and sale history tell me?
The current assessed value is $20,40k. The home sold for $19.10k in 2019 and $12.50k in 2016. This history shows appreciation and should be used as a benchmark, though market conditions and property improvements will influence the final sale price.
4. What should I consider with a home built in 1912?
While offering charm, a home of this age will likely have older systems (plumbing, electrical, foundation) that require inspection. The renovated basement is a positive update, but a thorough inspection is essential to understand the condition of the original structure.
5. Who are the typical neighbours or comparable properties?
The home is among similar character houses, with nearby properties on Banning and Lipton Streets also dating from the 1910s. This suggests a streetscape with consistent historic appeal. Comparable assessed values in the city are found in various neighbourhoods, underscoring that value in this location is tied to the specific lot and community.