Property Overview: 970 Banning Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,641 sqft, two-and-a-half storey home in Daniel McIntyre is defined by its generous living space and established neighbourhood setting. Built in 1913, it offers significantly more square footage than most comparable homes in both its immediate area and across Winnipeg, placing it in the top tier for size. The property sits on a 3,259 sqft lot, providing ample outdoor space for a central neighbourhood. Key features include a basement (not renovated) and no built-in garage.
The primary appeal lies in its spacious interior within a mature, central community. It represents a classic Winnipeg character home with room to grow or adapt. The below-average assessed value, relative to both the street and city-wide averages, suggests a potentially accessible entry point into a home of this scale. This property would suit value-conscious buyers looking for more space than is typical in this price segment, including families, multi-generational households, or those willing to take on a home with original features and a basement awaiting modernization. It’s a practical choice for someone prioritizing square footage and lot size over turn-key condition.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is notably lower than both the street and city-wide averages for comparable homes. This can indicate a number of things, including the home’s original condition, its specific market position, or the timing of the assessment. It’s a starting point for discussion, not a direct market price, as the last recorded sale was in 2020.
2. Is the large living area typical for the area?
No, it’s a standout feature. With 1,641 sqft, this home offers substantially more living space than about 90% of similar homes in Daniel McIntyre and 77% of homes city-wide, making it a notably roomy option in its class.
3. What should I know about a 1913-built home?
A home of this age has character and solid construction but requires diligent inspection. Key considerations will be the state of major systems (plumbing, electrical, roof, foundation) and the level of updates performed over time. The unrenovated basement is a clear project space.
4. How does the lack of a garage impact daily life?
In a central Winnipeg neighbourhood, on-street parking is common. Buyers should assess street parking availability and consider the cost and feasibility of adding a garage or sheltered parking in the future, given the good lot size.
5. The home sold in 2020; how does that affect today’s value?
The 2020 sale price provides historical context, but the market has evolved since then. Current value will be influenced by market trends, any changes made to the property, and its condition relative to recently sold homes. It’s essential to review up-to-date comparable sales.