Property Overview: 482 Banting Drive, Winnipeg

Key Characteristics & Appeal

This 1960-built, one-storey home in Kirkfield presents a compelling mix of space and potential. Its most standout feature is the land—at nearly 10,000 sq ft, the lot size is in the top 5% for the street and top 7% for the neighbourhood, offering exceptional outdoor space for gardening, play, or future expansion. The 1,050 sq ft living area is balanced and typical for the area, while the home’s assessed value ranks above average on its street, suggesting it may be viewed as a solid asset within its immediate locale.

The appeal lies in this generous lot size paired with a manageable, single-level footprint. The basement has been renovated, adding functional living space, and the property includes a detached garage. It suits practical buyers looking for a ground-level home with room to breathe and grow. It would be a strong fit for first-time homeowners who value private outdoor space over a larger interior, downsizers seeking a manageable layout without sacrificing yard size, or value-oriented investors attracted by the below-average year-built ranking, which can sometimes indicate a home ripe for thoughtful updates that capitalize on its prime lot.

Frequently Asked Questions

1. What does the "above average" assessed value ranking on the street mean?
It indicates that, compared to its 22 direct neighbours on Banting Drive, this home’s official assessed value is in the top tier (14%). This often reflects factors like its larger lot size and condition relative to other homes on the block.

2. Is the living space sufficient for a family?
At 1,050 sq ft, the living area is very close to the Kirkfield neighbourhood average. The single-storey layout and renovated basement likely provide efficient use of space. The massive lot, however, offers significant room for children to play or for adding a deck or patio to extend living areas outdoors.

3. What are the implications of the home being built in 1960?
While the home is older than many in the city, it’s actually above average for its own street. Buyers should budget for maintenance consistent with a home of this age, but also recognize that older neighbourhoods often feature mature trees and established communities. A thorough inspection is advised.

4. How does the sold price history help?
The recorded sale in late 2022 gives a recent market benchmark. Understanding how that price related to the assessed value at the time can provide context for current value. For the most precise figure, you can request the exact sold price from the site.

5. What is the benefit of a detached garage?
A detached garage offers flexibility. It can be used for vehicle storage, a workshop, or extra storage without impacting the main home's layout. It also provides potential for future conversion or use as a hobby space, separate from the house.