Property Overview
This two-storey home on Banning Street is a well-positioned character property in the Daniel McIntyre neighbourhood. Built in 1913, it offers 1,456 sqft of living space with a renovated basement and a detached garage. The lot is a generous 3,258 sqft. Recent sales history shows consistent appreciation, with the last sale in September 2022 at $28,500.
Key Characteristics & Appeal
The primary appeal of this home lies in its strong neighbourhood standing and practical updates. Its living area and assessed value rank well above average for both Banning Street and the broader Daniel McIntyre area, suggesting it is a substantial and well-regarded property within its immediate context. The renovated basement adds modern, functional space to the classic two-storey layout.
It would suit a buyer looking for a character home without the largest-scale renovation projects, thanks to the updated basement. It’s ideal for someone who values a established, inner-city neighbourhood where the property itself stands out positively against local comparables. A thoughtful perspective is that while its city-wide rankings for metrics like lot size are lower, this reflects the typical smaller lot size of central, older neighbourhoods compared to newer suburbs—a trade-off for location and character that many urban buyers actively seek.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($26.20k) is for municipal tax purposes. Market value is determined by current sale prices, which for this home have been higher, as seen in its 2022 sale at $28,500.
2. What does the "above average" ranking for the neighbourhood mean?
It means this home's key features, like living space and assessed value, are larger or higher than most similar properties directly around it. In Daniel McIntyre, it ranks in the top 15% for living area and top 10% for assessed value among comparable homes.
3. Are there any concerns with a house built in 1913?
While the basement has been renovated, a home of this age will have character-era infrastructure. Buyers should budget for ongoing maintenance and consider a thorough inspection for the original components like plumbing, electrical, and the foundation.
4. How does the detached garage add value?
In older neighbourhoods where street parking can be limited, a detached garage provides secure parking and valuable additional storage or workshop space, a significant practical advantage.
5. The city-wide rankings seem low for lot size and year built. Is that a problem?
Not necessarily. This reflects the nature of central, century-old neighbourhoods compared to newer suburban developments. The lot is actually above average for Daniel McIntyre. Buyers choose this location for its established community and proximity to amenities, not for suburban-sized lots.