Property Overview: 997 Banning Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1922, offering 836 square feet of living space on a standard city lot of approximately 2,715 square feet. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its efficiency and location within the Daniel McIntyre neighbourhood. While the living area is notably smaller than most comparable homes in the city, the property holds its value well within its immediate area—its assessed value is above average for the neighbourhood. This suggests a well-maintained character home in a stable, established community.
The property would suit first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market with a manageable footprint. Its smaller size means lower utility and maintenance costs, which is a practical, less obvious advantage. The renovated basement adds functional space, appealing to those who need a home office or extra living area without a large main floor. It’s a home for someone who values location and character over sheer square footage, and who is comfortable with the upkeep of a century-old structure.
Frequently Asked Questions
1. Is the house significantly smaller than others?
Yes. At 836 sqft, the living area is below the average for similar homes on its street, in Daniel McIntyre, and citywide. This is the home’s most defining characteristic, offering a cozy, efficient layout.
2. How does its value compare to the area?
Despite its smaller size, the home’s assessed value of $22,700 is above the neighbourhood average. This indicates it is likely well-kept and that value in this area isn’t driven solely by square footage.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home’s full usable space.
4. What are the implications of a 1922 build date?
Built 104 years ago, the home is older than most in the city but is actually newer than many on its own street. This age means potential for character but also necessitates a thorough inspection for foundational, electrical, and plumbing updates.
5. How does the lot size compare?
The lot is fairly typical for the inner city. At 2,715 sqft, it is around average for both Banning Street and the Daniel McIntyre area, providing a standard outdoor space for a home of this era.