Property Overview & Appeal
This one-and-three-quarter storey home on Banning Street is a classic, early-20th century property in Winnipeg's Daniel McIntyre neighbourhood. Its key characteristics include 1,148 sqft of living space, a renovated basement, and a detached garage. Built in 1913, the home sits on a 2,470 sqft lot.
The appeal lies in its established, central location and its position as a solid, average-sized home for the immediate area. The renovated basement adds functional living space. It’s a property that suits pragmatic, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize location and fundamentals over size or new construction. It offers a chance to own a character home without the premium price tag of a larger lot or a more recently built property, making it a practical entry point into the neighbourhood.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home is very typical for Daniel McIntyre in terms of size, age, and assessed value. Its living area and value are around the neighbourhood average, though its lot size is somewhat smaller than others on Banning Street itself.
2. Is the smaller lot size a significant drawback?
While the lot is below average for the street, it is around average for the wider Daniel McIntyre area. This could mean less yard maintenance, which some buyers may prefer. It’s a trade-off that contributes to the home’s accessible price point.
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 during a viewing to understand the quality of the renovation and how the space can be used.
4. Given its age, what should I be mindful of?
As a home built in 1913, potential buyers should pay close attention to the condition of major aging components during an inspection, such as the foundation, plumbing, electrical systems, and the roof. The recent basement renovation may have addressed some of these items.
5. How stable has the property's value been?
Based on provided sales data, the home sold for $21,900 in 2017 and $21,100 in 2016, suggesting a relatively stable value in recent years prior to the current listing.