Property Summary: 858 Burnell Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre offers substantial living space that stands out in its local context. With 1,728 sqft of living area, it ranks in the top 20% citywide and provides significantly more room than most comparable homes in both the neighbourhood and on its street. Built in 1955, it is notably newer than many surrounding properties, which may suggest fewer concerns associated with very old infrastructure. The assessed value is strong for the area, ranking in the top 3% of Daniel McIntyre, indicating official recognition of its relative worth. The trade-off is a smaller land area (2,725 sqft), which means a more manageable yard but less outdoor space. The appeal lies in securing an above-average, spacious home in an established neighbourhood without a premium city-wide price tag. It would suit a buyer prioritizing interior square footage over a large lot, and who values a home that is a standout in its immediate community for its size, age, and assessment value.
Frequently Asked Questions
1. What does the "Elite" assessment ranking mean for this property?
The "Top 3%" assessment ranking in Daniel McIntyre means the city's assessed value for this home is higher than 97% of comparable properties in the neighbourhood. This often reflects a combination of its larger living area and newer construction date relative to the area.
2. The land area is ranked "below average." How much of an issue is this?
The lot is smaller than the average for both the street and the city. This typically means a more compact yard, which could be a positive for those seeking lower maintenance but a limitation for those wanting extensive outdoor space, gardens, or future expansions like a large garage.
3. How does the 2021 sale price relate to the current assessed value?
The property sold for $35.5k in March 2021. The current assessed value is $32.9k. It's important to note that assessed value is for taxation purposes and can differ from market value; consulting a local real estate professional for a current market evaluation is recommended.
4. What is implied by the home having a basement that is "not renovated"?
The listing confirms the home has a basement but states it has not been renovated. Buyers should budget for potential updates and include a thorough inspection to assess its current condition, moisture control, and suitability for their needs.
5. The home has no garage. What are the parking options?
The listing specifies no garage. Buyers should verify on-site parking availability, such as a driveway or pad, and research any street parking permits or restrictions in the area.