Property Overview: 856 Burnell Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1910, presents a practical opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 1,176 sqft of living space, its size is squarely average for the area, offering comfortable room for a small family or couple. A key feature is the renovated basement, which adds valuable finished space. The home sits on a 2,994 sqft lot, which is typical for the central neighbourhood but smaller than newer suburban averages.
The appeal here is grounded in value and location. The property’s assessed value ranks well above average for both its street and the broader Daniel McIntyre area, suggesting it is viewed favorably relative to its immediate peers. It last sold in July 2023 for $270,000. This home suits first-time buyers or practical investors seeking a character home with some updates in a central, established community. It’s for those who prioritize location and liveable space over a large yard or modern construction, and who appreciate a home that stands out positively within its local context rather than the city at large.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $24,500 and sold for $270,000 in July 2023. The sale price is the current market indicator, while the assessment is used for calculating property taxes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. This would be a key point for a home inspection.
3. Is the lot size a concern?
At just under 3,000 sqft, the lot is smaller than many in newer suburbs but is standard for central, older neighbourhoods. It provides manageable outdoor space with less maintenance.
4. How does this 1910 home compare to newer builds?
While older, its living area is competitive locally. Buyers should budget for potential updates to older mechanical systems, windows, or insulation that are typical for a home of this age.
5. Why does the assessed value rank so differently across comparisons?
It ranks highly on its street and in Daniel McIntyre, but below average citywide. This highlights that it’s a well-regarded property in its immediate, central context, though its value is modest compared to the wider Winnipeg market which includes many newer, higher-value suburbs.