Property Overview: 889 Banning Street, Winnipeg
Key Characteristics & Buyer Appeal
This 1,106 sqft one-and-a-half storey home, built in 1947, presents a solid opportunity in the Daniel McIntyre neighbourhood. Its key appeal lies in its relative modernity compared to its immediate peers—it’s newer than 95% of homes on Banning Street and 90% in the wider neighbourhood—suggesting potentially fewer issues with aging infrastructure. The home sits on a 3,262 sqft lot, which is larger than average for the area, offering valuable outdoor space. A renovated basement adds functional living area.
The property’s assessed value ranks highly within its local context, indicating it is viewed favorably compared to nearby homes. This combination of a younger build, a generous lot, and modernized space makes it a practical choice. It would suit first-time buyers or practical investors looking for a move-in-ready home with character in a central Winnipeg community, without the extreme upkeep often associated with century-old properties. Its citywide assessment ranking, however, is a reminder of its value within a specific, established urban area rather than the broader suburban market.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely sale price?
Not directly. The assessed value of $24.4k is for municipal tax purposes. The last known sale was in 2017 for $180k. Market conditions and property improvements since then will determine the current listing and sale price.
2. What does “one-and-a-half storey” typically mean for a 1947 home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, creating cozy bedrooms with potentially reduced ceiling height in some areas. It’s a classic Winnipeg design that maximizes space efficiently.
3. How does the lot size compare to a typical new build?
At 3,262 sqft, this lot is considered spacious for its central neighbourhood but is below the citywide average of 6,570 sqft. This reflects the denser, older character of Daniel McIntyre compared to newer suburban developments.
4. The home is “newer” than most on the street. What are the advantages?
A 1947 build, while not new, may have more modern wiring, plumbing, and foundation standards than many neighbouring homes built in the 1910s. This can translate to lower immediate repair costs and different renovation possibilities.
5. There is no garage. Is street parking a concern here?
The listing notes no garage. Prospective buyers should visit at different times to assess on-street parking availability, which is common in the area. The larger lot may offer potential for adding a parking pad, subject to city bylaws.