Property Overview: 1-632 Burnell Street, Winnipeg
Key Characteristics & Appeal
This two-storey home on Burnell Street stands out for its modern foundation in a historic neighbourhood. Built in 2025, it is a brand-new construction, a rarity in Daniel McIntyre where most homes are over a century old. Its primary appeal lies in offering a move-in-ready, modern living space without the typical renovation projects associated with older area homes.
With 2,240 sqft of living space, the home is significantly larger than most comparable properties locally, ranking in the top 7% on its street and the top 1% in the neighbourhood. This spaciousness is paired with a surprisingly low assessed value of $50,700, which places it in the elite top 1% for assessed value locally. This combination suggests a property that offers substantial square footage relative to its tax assessment—a notable efficiency for cost-conscious buyers.
The home suits buyers looking for modern amenities and space who want to be part of an established, central community. It’s ideal for someone who appreciates character neighbourhoods but wishes to avoid the immediate maintenance or renovation demands of a heritage property. The lack of a garage and an unrenovated basement present straightforward opportunities for future customization.
Frequently Asked Questions
1. How can the assessed value be so much lower than the typical city average?
Property assessments in Manitoba are based on a mass appraisal system for municipal tax purposes and do not necessarily reflect current market value. They are influenced by factors like recent sales in the area and property characteristics. This home’s modern build and efficient layout may result in a favourable assessment relative to its size and condition.
2. What does the “unrenovated basement” mean for a newly built home?
For a 2025 build, this typically indicates a full, unfinished basement. This is a positive blank canvas, allowing a new owner to design and finish the space to their specific needs without having to undo or replace previous work.
3. The home sold for $9,500 in 2017. What does that indicate?
That sale price almost certainly represents a land transfer prior to the current home being built. The lot was likely purchased, the old structure was demolished, and this new house was constructed. The 2017 price is not reflective of the current property's value.
4. Is the land size a drawback?
At 3,121 sqft, the lot is average for Burnell Street and above average for Daniel McIntyre. While it is below the citywide average (where newer suburbs have larger lots), it is perfectly typical for the central, inner-city neighbourhood and provides a manageable outdoor space.
5. What are the less obvious considerations for a new build in this area?
A key consideration is architectural cohesion. As a modern build on a street of century-old homes, its design and materials will influence streetscape and character. For the buyer, this means potentially lower immediate maintenance, but it’s wise to research the builder's reputation for quality and insulation standards, as new builds in established areas can vary.