Property Overview
This one-storey home at 959 Banning Street in Winnipeg's Daniel McIntyre neighbourhood presents a specific and practical value proposition. Its key appeal lies in its efficient scale and relative affordability within a central, established community. The home is notably compact at 782 sq ft, placing it well below average in size for the area, but it sits on a decently-sized lot and features a renovated basement and a detached garage. Built in 1945, it is a newer build compared to many homes on its street and in the immediate neighbourhood. The recent sale price of $270k and an assessed value that is above average for Daniel McIntyre suggest it is positioned as an accessible entry point into the market.
This property would suit first-time buyers or investors seeking a manageable, low-maintenance footprint without sacrificing outdoor space or core amenities like a garage. Its size makes it less suitable for growing families needing multiple bedrooms, but ideal for individuals, couples, or those looking for a strategic hold in a central location. A thoughtful perspective for a buyer is to see the smaller living area not just as a limitation, but as a catalyst for efficient, minimalist living and lower utility costs, with the renovated basement and lot offering potential for future flexibility.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 782 sq ft, the living area is significantly smaller than most comparable homes on Banning Street and in the Daniel McIntyre area, where averages are around 1,200 sq ft. This indicates a more compact, efficient layout.
2. Is the assessed value in line with the recent sale price?
The home recently sold for $270k. Its assessed value for tax purposes is $23,700, which is above the neighbourhood average. It's important to note that municipal assessed value is not a direct indicator of market value.
3. What are the advantages of the lot size?
The land area of 3,259 sq ft is above average for Daniel McIntyre. This provides a good outdoor space relative to the home's footprint, a valuable asset for gardening, entertaining, or future expansion in a central neighbourhood.
4. How does the age of the home compare?
Built in 1945, this home is newer than many on its street and in the immediate area, where average build years are around 1918-1920. This can sometimes suggest potentially fewer issues associated with very early 20th-century construction.
5. What type of buyer would this property not suit?
Given its below-average square footage, it may not meet the needs of buyers looking for spacious, multi-bedroom family living or those who desire ample indoor recreational space. Its appeal is geared more towards efficient, practical living.