Property Overview
This 864 sqft one-storey home on Banning Street in Daniel McIntyre presents a specific and compelling value proposition. Built in 1928, its key appeal lies in its above-average positioning within its immediate context. While compact in living space compared to city-wide averages, it boasts a renovated basement, a detached garage, and a land area (3,276 sqft) that is notably larger than most lots on its street and in the neighbourhood. Its assessed value is high for the area, suggesting official recognition of its condition or improvements relative to nearby properties.
The home suits practical buyers looking for a manageable footprint with outdoor space in a central Winnipeg neighbourhood. It’s ideal for a first-time buyer, a downsizer, or an investor seeking a character home with a renovated basement suite potential (subject to verification). The appeal is grounded in value for the locale—offering more land and a newer build date than many neighbouring homes—rather than sheer size. A thoughtful perspective is that this property may represent an "above-average lot in a below-average size category," offering future flexibility relative to its peers.
Frequently Asked Questions
1. Is the house small?
Yes, at 864 sqft, the living area is below the average for Winnipeg. However, it is important to compare it to its local context: it ranks in the top 87% for size on Banning Street itself, meaning it is actually larger than most immediate neighbours.
2. Why is the assessed value high for the area?
The assessed value of $24,500 ranks in the top 15% for the Daniel McIntyre neighbourhood. This typically reflects factors like the renovated basement, the larger-than-average lot size, the detached garage, and a build date newer than many area homes.
3. What is the potential of the renovated basement?
The listing notes a renovated basement. Buyers should verify if the renovation created a legal secondary suite, a recreational space, or additional bedrooms, as this significantly impacts utility and value.
4. Who would this home suit best?
Given its size, it is best suited for individuals, couples, or small families. Its manageable scale and larger lot could appeal to first-time homeowners or those downsizing who still want a private outdoor space and a central location.
5. How does the lot size compare?
The 3,276 sqft lot is a standout feature, ranking in the top 19% on Banning Street. This means the property offers more outdoor space than most in its direct vicinity, which is a relative rarity in older, central neighbourhoods.