Property Overview

This one and three-quarter storey home on Banning Street in Daniel McIntyre is a classic Winnipeg character property built in 1913. With 1,210 square feet of living space and a 3,259 square foot lot, its size is very typical for the immediate area. The home features a basement and a detached garage. Its assessed value is notably strong for the neighbourhood, ranking well above average locally, which can indicate good upkeep or desirable lot attributes. It last sold in October 2023. The appeal here lies in a established, central community, a lot size that is generous for the inner city, and the charm of a historic home. It would suit a buyer looking for a character home without a massive renovation project, or an investor seeking a stable property in a consistent neighbourhood. A thoughtful perspective is that while the home is older than most city-wide, in its historic neighbourhood it’s actually around the average age, meaning local trades are more familiar with its construction style and potential issues.

Frequently Asked Questions

What does the "above average" assessed value in the neighbourhood indicate?
A higher-than-average assessment compared to nearby homes often reflects factors like a larger lot, better overall condition, or specific improvements. It’s a positive sign of the property’s standing on its street, but it's wise to understand what specific attributes contributed to this valuation.

Is the basement finished?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original, unfinished condition, which is common for homes of this era, and budget for any desired upgrades.

How does the recent 2023 sale price relate to the current assessed value?
The home sold for $280,000 in late 2023. The assessed value for taxation purposes is significantly lower, which is standard, as municipal assessments are not intended to reflect market value. The sale price is the more relevant figure for understanding current market value.

What are the implications of a "detached" garage?
A detached garage offers flexibility and can be a plus for those wanting a separate workshop or storage space. However, it means navigating the elements in winter. Its condition and size should be verified during a viewing.

How does the lot size compare practically?
At just over 3,250 square feet, the lot is larger than many in Daniel McIntyre, providing good outdoor space for a garden or entertaining. City-wide, lots are often larger, but for the inner-city, this is a very decent parcel of land.