1005 Banning Street

Property Overview & Key Characteristics

This is a compact, one-storey home built in 1921, situated on a standard-sized lot in Winnipeg's Daniel McIntyre neighbourhood. Its primary appeal lies in its efficient scale and relative affordability within the city. At 704 sqft, the living area is notably smaller than most comparable homes locally, which positions this property as a low-maintenance, entry-point opportunity. A key feature is the renovated basement, adding functional space. The home includes a detached garage and last sold in 2016 for $190,000.

This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, character home with lower property taxes (as suggested by its $21,800 assessed value). Its smaller size isn't for everyone, but for the right buyer, it represents a chance to enter a mature neighbourhood without a massive footprint or financial outlay. A thoughtful perspective: while the house itself is modest, its lot size is above average for Daniel McIntyre, offering valuable outdoor space or future potential that isn't immediately apparent when just considering the square footage of the home.

Frequently Asked Questions

1. Is the house too small?
At 704 sqft, it is significantly smaller than the average Winnipeg home. It will suit those looking for a cozy, efficient layout but may feel cramped for those needing multiple dedicated rooms or ample storage.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be a key point of inquiry to understand if it's a finished living space, a modern utility area, or something in between.

3. How does the assessed value relate to the likely selling price?
The municipal assessed value for taxation ($21,800) is typically much lower than market value. The 2016 sale at $190,000 is a more relevant, though dated, benchmark. A current market appraisal or comparative market analysis would be needed for today's value.

4. What are the implications of a 105-year-old home?
While well-built for its time, a home of this age will likely have older major systems (like plumbing and electrical) and require consistent maintenance. Its above-average age for the street suggests it has enduring appeal, but a thorough inspection is essential.

5. What is the neighbourhood like?
Daniel McIntyre is a central, established neighbourhood. The data shows homes here typically sit on smaller lots with a mix of ages and styles. Being close to similar-valued properties on Banning Street suggests a consistent, stable streetscape.