Property Overview & Key Characteristics
This one-and-three-quarter storey home on Banning Street in Daniel McIntyre is a classic Winnipeg character property built in 1912. With 1,120 sqft of living space, its size is very typical for the neighbourhood and the city overall. The home features a detached garage and a basement that is noted as being unrenovated. Its assessed value is notably low compared to city-wide averages, but aligns more closely with local area norms.
The primary appeal lies in its position as an affordable entry point into a central, established neighbourhood. The lot, while smaller than average, offers a low-maintenance footprint. This property would suit a first-time buyer, an investor looking for a character rental, or a hands-on purchaser who values location over move-in-ready condition and sees potential in a home with original features. It’s less suited for those seeking a large yard, modern finishes, or who are not prepared for the maintenance or improvement projects common with a century-old home.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style in Winnipeg, typically featuring a full main floor and a second floor where the roofline slopes inward, reducing the square footage and ceiling height in the upper rooms. It offers more space than a bungalow but often with unique, cozy upstairs rooms.
2. Why is the assessed value so much lower than the city-wide average?
Property assessments are based on a mass appraisal system and are heavily influenced by a home’s characteristics, recent sales in the area, and the specific market of the neighbourhood. A lower assessment here reflects the home’s age, condition, and smaller lot size within the context of the broader city market, but it is not an unusual value for Daniel McIntyre.
3. Is the unrenovated basement a major concern?
It indicates the space is in original or utility condition. While it provides storage and houses mechanical systems, it may not be finished living space. Buyers should budget for potential updates to insulation, flooring, or moisture management, and have it inspected for foundational integrity.
4. How does the smaller lot size impact living here?
The 2,444 sqft lot is below average for the street and city, meaning smaller outdoor spaces for gardening or entertaining. However, this can be a benefit for those seeking minimal yard work and lower maintenance, making it a practical choice for busy individuals.
5. The home sold in 2021; what should I consider?
Reviewing the 2021 sale price can provide context for market trends, but the current value will be driven by today’s market conditions, any changes made to the property since then, and current interest rates. It’s a useful data point, but not a direct indicator of the current asking price or value.