Property Overview
This one-and-three-quarter storey home on Burnell Street is a classic, early-1900s residence in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its established community location and a lot size that is above average for the immediate area. The home presents a straightforward opportunity: it's a property with a solid, unrenovated basement and a detached garage on a good-sized lot, priced accessibly for the city. Its living space is practical and in line with local norms for similar homes.
The data suggests it would suit a specific type of buyer. It's ideal for a hands-on purchaser or investor who sees value in the land and the structure's potential, rather than a turn-key solution. The home's age and unrenovated state indicate a project, but its assessed value is strong within the neighbourhood, hinting at underlying equity. This isn't for someone seeking modern finishes or maximum square footage, but for a buyer comfortable with a character home who prioritizes location and lot size over updated interiors.
Key Questions for Consideration
What does "one-and-three-quarter storey" mean for living space?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy but potentially limited headroom in parts of the upper level. It's a charming, classic Winnipeg design.
How should I interpret the assessed value versus the recent sale price?
The assessed value for taxation purposes ($23,300) is close to the 2021 sale price ($20,500). This consistency suggests stable municipal valuation, but it's crucial to get a current market appraisal, as values can shift.
The lot is above average for Daniel McIntyre but below average city-wide. What does this mean?
It means you're getting a relatively generous outdoor space for the inner-city neighbourhood, which is a perk for gardening, pets, or additions. Don't expect a suburban-sized yard, but within this community, it's a positive attribute.
The home is older than most on its street. What are the implications?
Built in 1907, it has historic character but requires diligent inspection for an older building's needs: foundation, wiring, plumbing, and insulation. Its age is typical for the wider neighbourhood but notable on its specific block.
What is the immediate neighbourhood like?
The listing shows several nearby properties on the same and adjacent streets, indicating a densely built, mature area. Researching foot traffic, noise levels from Banning Street, and the mix of owner-occupied versus rental properties on the block would be wise next steps.