Property Summary: 816 Burnell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1909 on a modestly sized lot in the Daniel McIntyre neighbourhood. Its key characteristic is its affordability and straightforward scale, with 860 sqft of living space and a detached garage. The home presents a practical, no-frills opportunity.
Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With an assessed value significantly below the citywide average, it suits first-time buyers, investors looking for a rental property, or anyone seeking a low-maintenance footprint without a large mortgage. The home’s unrenovated basement suggests potential for future customization, appealing to buyers comfortable with incremental projects. A thoughtful perspective is that its smaller lot and home size translate to lower utility costs and less upkeep, offering a simpler, more efficient lifestyle that aligns with minimalist or budget-conscious living. It’s a property for those who value location and practicality over size and modern finishes.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being present but unrenovated. This means it offers functional space and storage but would require investment to finish as living area.
2. How does this home compare to others in the area?
The data shows this home is smaller in both living area and land size than most comparable properties on its street and in Daniel McIntyre. However, its assessed value is around the neighbourhood average, suggesting the price reflects its scale.
3. What does the assessed value mean for the likely sale price?
The assessed value for taxation purposes ($19,900) is a starting point, but sale prices are determined by the market. The last recorded sale was in 2019 for $13,500. A buyer should research recent sales of similar-sized homes in the area for a current market value.
4. What are the implications of the home’s age (built 1909)?
The age indicates classic character but also necessitates a thorough inspection. Buyers should budget for potential updates to older systems like wiring or plumbing and be mindful of maintenance consistent with a 117-year-old structure.
5. Who would this property not suit?
It may not suit buyers looking for a move-in-ready home with modern, open-concept spaces, or families requiring multiple bedrooms and larger living areas. The smaller lot also may not appeal to those wanting extensive outdoor space for gardening or recreation.