Property Overview
This 1912 one-and-three-quarter storey home on Banning Street in Daniel McIntyre offers a blend of historic character and practical updates. Its key appeal lies in its balance: a recently renovated basement adds modern functionality to a classic footprint, while its assessed value sits notably above average for the immediate neighbourhood. The detached garage is a valuable asset in this urban setting.
With 980 square feet of living space, the home is compact, ranking below average for size both on its street and city-wide. This positions it as an efficient, manageable property rather than a spacious one. The lot, at just under 2,500 square feet, is smaller than most, suggesting low-maintenance outdoor space. This profile suits first-time homebuyers, downsizers, or pragmatic investors seeking a character home in a central location without the upkeep of a larger property. Its above-average assessment for the area could indicate perceived value or improvements not fully reflected in the modest square footage.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 980 sq ft, the living area is below the average for Banning Street and Winnipeg overall. It’s a more compact, efficient layout suited to simpler living.
2. What does the assessed value tell us about this property?
The $220k assessment is above the neighbourhood average, which may reflect the renovated basement or other factors. However, it is below the city-wide average, consistent with its smaller size and older age.
3. Is the lot size a concern?
The 2,421 sq ft lot is smaller than most, ranking in the bottom tier for the street and city. This means less yard maintenance but also limited space for expansions or extensive landscaping.
4. What are the implications of the home’s age?
Built in 1912, the home is average in age for its neighbourhood but older than most city-wide. Buyers should appreciate classic construction while budgeting for potential updates to older components like wiring or plumbing.
5. Who would this property suit best?
It’s an ideal fit for those seeking a central, character home with a modernized basement (a key feature), who prioritize location and manageability over square footage and large outdoor space. Its scale and above-average neighbourhood value make it a practical entry point into the market.