Property Overview

This 1913 two-and-a-half storey home on Banning Street in Daniel McIntyre offers a blend of historic character and above-average space for the area. Its primary appeal lies in its generous 1,586 sqft living area, which ranks well above average for both the street and the neighbourhood, providing more room than many comparable homes. The property features a renovated basement, adding to its functional living space. While it sits on a standard city lot with no garage or pool, its assessed value is notably strong for the immediate area, ranking in the elite top 4% on its street. This suggests a property that is well-regarded within its established community context.

The home would suit a buyer looking for a character property with ample interior space in a central Winnipeg neighbourhood, without the premium lot size of suburban areas. It’s ideal for those who prioritize interior square footage and a renovated basement over a large yard or private parking. The strong local assessment history may also appeal to value-conscious buyers seeking a home with a solid footing in its micro-market.

Frequently Asked Questions

How does the living space compare to nearby homes?
Very favourably. At 1,586 sqft, the living area is in the top 13% on Banning Street and the top 10% within the broader Daniel McIntyre neighbourhood, meaning it offers significantly more interior space than most comparable properties nearby.

Why is the assessed value so high relative to the city-wide average?
The "elite" top 4% ranking for assessed value is specific to Banning Street and Daniel McIntyre. This indicates the property is assessed highly for its immediate area, likely due to its above-average living area and renovated condition. City-wide, it falls around the 70th percentile, which is more typical.

What should I know about a home built in 1913?
While full of character, a 113-year-old home requires a diligent inspection. Key focuses should be the foundation, original wiring and plumbing updates, insulation, and the condition of the windows and roof. The renovated basement is a positive modern update.

Is the lot size a limitation?
The 2,505 sqft lot is standard for the central neighbourhood. It provides a typical urban yard space but is below the city-wide average, as most newer suburban lots are larger. It suits those wanting lower outdoor maintenance while still having some private outdoor space.

How does the last sale price relate to the current assessed value?
The home sold for $29,500 in September 2020. The current assessed value of $30,400 shows modest growth in that period, consistent with its strong standing in the local market. It’s important to note that market value can differ from the assessed value for taxation purposes.