Property Overview: 798 Banning Street, Winnipeg

Key Characteristics & Appeal

This one-storey home on Banning Street in Daniel McIntyre is defined by its contrasts. At 782 sq ft, the living space is notably compact, ranking smaller than most comparable homes in the area, which suggests a efficient, low-maintenance footprint. However, its assessed value is strong for the immediate neighborhood, indicating that the value proposition lies in factors beyond sheer size. A key standout is the home's age; built in 1950, it is significantly newer than most houses on its street and in Daniel McIntyre, potentially implying fewer concerns with outdated systems common in century-old homes. The lot is a standard city size for the area, and the home features a detached garage and a renovated basement.

The appeal here is practical and financial. It suits first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market with a home that is relatively modern for its historic neighborhood. The renovated basement adds functional space, and the strong local assessment hints at underlying value stability. It’s a property for those who prioritize a sensible, manageable home over grandeur, and who see the advantage in a structure that is decades younger than its neighbors.

Frequently Asked Questions

1. Is the house unusually small?
Yes. At 782 sq ft, the living area is below average for Banning Street, the Daniel McIntyre neighborhood, and Winnipeg overall. This indicates a compact, efficient layout.

2. Why is the assessed value high for the area?
While the home is small, its assessed value ranks well above average for its immediate street and neighborhood. This can be influenced by the 1950 build year (newer than most), the renovated basement, and overall property condition, as assessments consider more than just square footage.

3. What does the 1950 build year mean practically?
Built in 1950, this home is much newer than the typical early-1900s houses in Daniel McIntyre. This could mean updated foundational materials, wiring, or plumbing compared to nearby properties, potentially reducing immediate renovation needs.

4. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms, dedicated home office space, or generous living areas. The compact size is best for individuals, couples, or small families with minimal space requirements.

5. How does the lot size compare?
The 2,771 sq ft lot is very standard for the inner-city neighborhood, ranking around the middle for both Banning Street and Daniel McIntyre. It provides typical outdoor space for the area but is below the much larger average lot size for the entire city.