Property Overview: 933 Banning Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1913. Its key features include a renovated basement and a detached garage. With 1,000 sqft of living space, it is a compact and manageable size, sitting on a modest 2,420 sqft lot. The home’s assessed value is notably lower than the citywide average, which can translate to corresponding property tax savings.
The appeal lies in its position as a practical entry-point into homeownership or a strategic investment in a central neighbourhood. It suits first-time buyers seeking a lower ongoing tax burden, or investors looking for a character rental with recent updates like the basement renovation. A thoughtful perspective is that its smaller scale offers a simpler, more efficient footprint for those looking to minimize upkeep and utility costs, while its age and established streetscape provide a sense of permanence often missing in newer subdivisions.
Frequently Asked Questions
1. How does the property’s size compare to the area?
The living area is slightly below average for both Banning Street and the Daniel McIntyre neighbourhood, making it a more compact option. The lot size is also smaller than most on the street.
2. What does the assessed value indicate?
At $20,800, the assessed value is significantly below the Winnipeg citywide average. This typically suggests a lower annual property tax bill compared to many other homes.
3. Has the property been sold recently?
Yes, it sold in May 2021 for $20,500 and previously in April 2016 for $190,000. It’s important to consult a real estate professional for current market context and valuation.
4. What are the implications of the renovated basement?
A renovated basement adds functional living space, which is a valuable asset in a smaller home. Potential buyers should inquire about the nature of the renovation, including permits and moisture control.
5. What is a “one-and-three-quarter storey” design?
This common Winnipeg style typically features a full main floor and a second floor where the roofline slopes inward, creating cozy bedrooms with potentially reduced ceiling height at the room’s edges. It adds character but may affect furniture placement.