Property Overview
This 1,128 sqft one-storey home at 503 Banting Drive in Winnipeg's Kirkfield neighbourhood presents a practical and well-situated option. Built in 1960, it features a renovated basement and sits on a 7,517 sqft lot. The home's assessed value is $35,900.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space and location. With a living area above average for its immediate street and a lot size that is notably larger than the Winnipeg average, it offers room to breathe without being remote. The renovated basement adds functional living space, a valuable asset in a one-storey layout. Its assessed value is consistently around the median for its area, suggesting it is priced in line with the local market rather than being an outlier.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout in an established neighbourhood. It’s also a sensible fit for value-oriented buyers who prioritize usable interior space and a larger yard over a newer build date or high-end finishes. A less obvious point of appeal is its relative vintage; being older than many comparable homes on its street could mean it has retained more original character or sits on a more mature lot.
Frequently Asked Questions
1. How does the lot size compare to other properties?
While the lot is below average for Banting Drive itself, it is larger than most lots in the broader Kirkfield neighbourhood and significantly larger than the average lot across Winnipeg.
2. What does the "above average" ranking for living area mean?
It means that, compared to 22 directly comparable homes on Banting Drive, this home's living space is in the top 27% (ranked 6th), offering more interior square footage than most of its immediate neighbours.
3. Has the home been recently sold?
Yes, according to available data, it was sold in August 2020 for a price between $36,500 and $39,500.
4. What is the significance of the assessed value?
The assessed value of $35,900 is used for calculating municipal property taxes. It is consistently around the middle range when compared to homes on the same street, in Kirkfield, and across the city, indicating a stable, average valuation.
5. Are exact sold prices available?
The precise sale price is not published in the public listing data. It can be requested directly from the source of this information, who provides it manually via email.