Property Overview
This two-storey home on Banning Street in Daniel McIntyre presents a practical opportunity in Winnipeg’s core. Built in 1946, its 1,321 sqft of living space sits on a 3,260 sqft lot. The home features a basement, but it is noted as not being renovated, and there is no garage or pool. The data reveals a compelling contrast: while its assessed value and year built are notably above average for its immediate street and neighbourhood, they fall below the city-wide average, highlighting its position as a value-oriented property in an established area.
Key Characteristics & Appeal
The primary appeal of this property lies in its solid positioning within the Daniel McIntyre neighbourhood. With a living area and land size that are above average for the area, it offers more interior and outdoor space than many nearby homes. Its 1946 build date is relatively newer compared to many heritage homes in the community, which may suggest fewer concerns related to very old infrastructure. The assessed value, while modest city-wide, ranks in the top tiers for the street and neighbourhood, indicating it is perceived as a substantial property within its local context.
This home would suit a pragmatic buyer looking for value and space in a central location. It’s ideal for someone comfortable with a home that may require updates (as hinted by the unrenovated basement) but who appreciates a structurally sound, older character home. It could appeal to first-time homeowners building equity, investors interested in the rental market of a central neighbourhood, or downsizers seeking a manageable footprint without leaving the community.
A less obvious perspective is that this property represents a specific market segment: a home that is a leader on its block but modest city-wide. This can offer a sense of pride and investment within the immediate community while keeping property taxes relatively anchored to the neighbourhood’s economic reality, not the city’s soaring averages.
Frequently Asked Questions
1. What does “above average for the neighbourhood but below average city-wide” mean for value?
This typically means the property is a strong contender within its established community, often offering good value relative to nearby homes. The city-wide comparison reflects that newer suburban developments or different market areas have higher average valuations, which doesn’t necessarily diminish this home’s appeal or investment potential in its own locale.
2. The basement is noted as “not renovated.” What should I consider?
This indicates the basement is likely in original or functional condition, not modernized. Buyers should budget for potential updates, assess its current utility for storage or laundry, and have a thorough inspection to check for foundational integrity, moisture, and necessary repairs.
3. With no garage, what are the parking options?
Parking would be via on-street permit. It’s important to check with the city regarding permit availability and any seasonal parking restrictions. The lot size may allow for the potential creation of a parking pad, subject to municipal bylaws and permits.
4. The home was last sold in 2016. Why might that be significant?
A sale eight years ago suggests the current owners have had a stable tenure. It may indicate a well-maintained property and a seller who is not under urgent pressure to sell. However, it also means the market price has shifted since that last sale, so a current appraisal is essential.
5. How does the 1946 build year affect the home?
Homes from this era often feature solid construction materials like true dimensional lumber. While systems (plumbing, electrical, heating) may be older or updated over time, the build date is post-war and may incorporate some modernizations compared to pre-1920 homes common in the area. An inspection focused on the age and condition of these core systems is crucial.