Property Overview: 492 Banting Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kirkfield presents a practical and grounded opportunity. Its key appeal lies in its balanced, no-surprises profile within a mature neighbourhood. The 1,052 sqft living space is squarely average for the immediate area, suggesting a comfortable size for everyday living. A significant feature is the renovated basement, which adds valuable finished space and modern functionality without the need for immediate updates.
The property stands out for its generous 7,754 sqft lot, which is notably larger than many lots both citywide and in Kirkfield. This offers a tangible advantage for buyers seeking more outdoor space, garden potential, or simply a greater sense of privacy. Built in 1960, the home is actually older than many on its own street, which could hint at a more established streetscape or original character, but buyers should be mindful of the age-typical maintenance that may be required.
Financially, the home aligns with middle-of-the-road metrics. Its assessed value of $340,000 is consistently around the median benchmark for the street, neighbourhood, and city, indicating a fair market positioning without premium or discount pricing.
This home would best suit first-time buyers, downsizers, or pragmatic investors looking for a turnkey property with a renovated lower level and a larger-than-average yard in a stable area. It’s for those who value space over flash, and who see potential in a solid, average-sized home on an above-average piece of land.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,052 sqft, the living area is very typical for Banting Drive and the broader Kirkfield neighbourhood, fitting right in the middle of the range for comparable homes.
2. What is the significance of the lot size?
The lot is a key asset. At over 7,700 sqft, it is larger than approximately 88% of lots citywide and 76% of lots in Kirkfield, offering more outdoor space than most.
3. The home was built in 1960. What should I consider?
While the basement has been renovated, the main structure is 66 years old. Prospective buyers should pay close attention to the condition of major aging components, such as the roof, plumbing, electrical systems, and the foundation, during an inspection.
4. How does the assessed value relate to the likely selling price?
The assessed value of $340,000 is a municipal valuation for tax purposes. It serves as a general benchmark, showing the home is positioned in the middle of the market. The actual selling price will be determined by current market conditions, the home’s specific condition, and buyer demand.
5. What is the neighbourhood like?
Kirkfield is a mature, established neighbourhood in Winnipeg. The data shows homes here, including on Banting Drive, have very consistent and average metrics for size and value, suggesting a stable, long-developed community without extreme highs or lows.