954 Banning Street

Property Overview: 954 Banning Street, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This one and three-quarter storey home in Daniel McIntyre presents a solid, character-rich opportunity. Built in 1912, it offers 1,300 sqft of living space on a 3,259 sqft lot, with a renovated basement and a detached garage. The data reveals its strong standing within the immediate area: its living area, land size, and assessed value all rank above average for the Daniel McIntyre neighbourhood. Notably, its assessed value is in the top 11% locally, suggesting it is viewed as a well-maintained or improved property relative to its peers. The home last sold in July 2022 for $290,000.

Its appeal lies in offering established community roots, practical updates (like the basement), and a footprint that provides space without excessive upkeep. It suits a practical buyer—perhaps a first-time homeowner, a small family, or an investor—who values a neighbourhood home with proven stability over a new suburban build. A thoughtful perspective is that while its city-wide rankings for metrics like lot size are lower, this highlights the property’s efficient urban lot use and positions it as an affordable entry into a mature, inner-city community compared to newer, sprawling subdivisions.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home was last sold for $290,000 in July 2022. Its current assessed value is $25,900. It’s important to note that municipal assessed value for tax purposes is not a direct indicator of current market value.

2. What does the "above average" ranking in Daniel McIntyre mean?
For key metrics like assessed value and land area, this home ranks in the top 25% of comparable properties in the neighbourhood. This generally indicates it is considered a larger and/or better-maintained property within this specific community context.

3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal secondary suite. This is a crucial point to verify with the seller and the city for permitted use and rental potential.

4. What are the implications of a 1912 build date?
A home of this age offers classic character but requires a diligent inspection. Buyers should budget for ongoing maintenance and potential updates to older systems, while also appreciating the durable construction and established neighbourhood it represents.

5. How does the detached garage add value?
In an older neighbourhood, a detached garage is a significant asset, providing secure parking and extra storage or workshop space—a feature not always available with homes of this era.