693 Banning Street

Property Overview

This two-storey home at 693 Banning Street in Winnipeg's Daniel McIntyre neighbourhood presents a blend of classic character and practical updates. Built in 1912, its key appeal lies in its above-average living space. At 1,611 square feet, it offers more room than most homes on its street, in the neighbourhood, and even city-wide. The home features a renovated basement and a detached garage. While the lot size is more compact compared to others on Banning Street, this can translate to lower exterior maintenance. The property’s assessed value is notably higher than the neighbourhood average, suggesting it is a well-regarded home within the local context.

Its appeal is grounded in space and location. It suits buyers looking for a character home with generous interior square footage in a central, established community, without the large yard upkeep that comes with many older properties. It would also fit a practical buyer who values a modernized basement for additional living or rental potential, and who sees the detached garage as a valuable asset for storage or projects.

Frequently Asked Questions

How does the living space compare to nearby homes?
This home is notably larger than many in the area. Its living area ranks in the top 12% on Banning Street and the top 10% within the Daniel McIntyre neighbourhood, offering significantly more space than the local averages.

Is the property assessed higher or lower than its neighbours?
The assessed value of $23,300 is above the average for Daniel McIntyre, ranking in the top 22% locally. This indicates it is likely viewed as a higher-value property within the immediate community compared to city-wide benchmarks.

What should I know about the lot size?
The land area is 2,476 sq ft, which is below the average for Banning Street itself. This means the yard space is more compact, which can be a positive for those seeking lower maintenance, but a consideration for those wanting extensive outdoor space.

How old is the home, and what does that mean?
Built in 1912, the home is over a century old. Its age is typical for the street and neighbourhood. This suggests classic construction and character, but also underscores the importance of a thorough inspection to understand the condition of major aging components like the roof, wiring, and plumbing.

Has it been sold recently?
Yes, the home was last sold in December 2020 for $210,000. This recent sale provides a clear, modern benchmark for its market value, which can be a useful starting point for understanding its current price trajectory.