Property Overview: 982 Banning Street, Winnipeg
Key Characteristics & Appeal
This well-positioned two-and-a-half storey home in Daniel McIntyre offers substantial space and established character. Its primary appeal lies in its generous 1,941 sqft living area, which ranks within the top 2% of homes on Banning Street and the top 4% within the neighbourhood, offering significantly more room than local averages. The home features a renovated basement and a detached garage. Built in 1914, it is a classic property with a mature presence on a standard 3,258 sqft lot.
The property suits buyers looking for a spacious character home in a central, established neighbourhood without a premium city-wide price tag. Its assessed value of $290k is considered elite for Daniel McIntyre (top 5%) but sits below the Winnipeg average, presenting a value proposition for square footage in this area. It’s ideal for those who prioritize interior space over a large yard and appreciate the architectural heritage of a century-old home. A thoughtful perspective is that this home represents a "neighbourhood anchor"—its value and size metrics are strong within its immediate context, making it a standout on its street, which can be a stabilizing factor for long-term value.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value for taxation purposes is $290,000. Market value can differ based on condition, updates, and market trends. Notably, this assessment is in the top 5% for Daniel McIntyre, suggesting the property is considered high-value for the area.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the listing agent, as it could range from basic moisture control and flooring to a fully developed living space.
3. Is the home's age a concern?
Built in 1914, the home is older than most in Winnipeg. While this adds character, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed maintenance or updates.
4. How does the lot size impact potential?
At 3,258 sqft, the lot is slightly above average for the neighbourhood but below the city-wide average. This means outdoor space is modest but typical for the area. It allows for a manageable yard but may limit possibilities for large additions or pools.
5. Why is the living area ranking so high locally?
The home’s living area is exceptionally large compared to its immediate peers on Banning Street and in Daniel McIntyre. This indicates it is a particularly spacious home for the area, potentially offering more bedrooms, larger rooms, or a more functional layout than many nearby properties.