Property Overview
630 Burnell Street is a compact, one-storey home built in 1909, situated in Winnipeg's Daniel McIntyre neighbourhood. With 768 square feet of living space and a renovated basement, it sits on a modest 2,087 sqft lot. Its recent sale history shows steady appreciation, and its assessed value is notably affordable compared to the Winnipeg city-wide average.
Section 1: Key Characteristics & Appeal
Key Characteristics:
This is a historic, character home with a smaller footprint. Its living area is below average for its street and the city, but it features a renovated basement, adding functional space. The lot size is significantly smaller than most comparable properties. The home’s assessed value is very modest, especially when viewed against city-wide benchmarks, indicating a lower property tax burden.
Where Its Appeal Lies:
The primary appeal is affordability and entry-point accessibility into the Winnipeg market. It’s a practical option for those who prioritize financial efficiency over square footage. The renovated basement offers immediate utility without upfront project costs. Its age and location in an established neighbourhood suggest a well-built core, potentially appealing to someone interested in a home with history over a modern build.
Ideal Buyer Profile:
This property would suit a first-time homebuyer, a minimalist, or an investor. It’s ideal for someone comfortable with a cozy living space who values a lower purchase price and ongoing tax costs. It could also work for an investor looking for a manageable rental property in a central neighbourhood. It is less suited for those needing multiple bedrooms, ample yard space, or who prefer new construction.
Section 2: Frequently Asked Questions
1. Is the small lot size a major drawback?
While the lot is smaller than most, it means less maintenance and lower outdoor upkeep—a potential benefit for busy owners or those not seeking gardening projects.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the city average, the property tax burden should be proportionally lower, which is a key part of its overall affordability.
3. What does "renovated basement" likely include?
The listing confirms it is renovated but does not specify finishes or permits. A buyer should inquire about the scope of work, quality of finishes, and if it includes a proper moisture barrier, which is crucial in older homes.
4. Given its age, what major systems might need attention?
As a home from 1909, a thorough inspection of the foundation, roof, plumbing, and electrical systems is essential. While the basement is renovated, the core structure and older systems remain.
5. How does the living space compare to nearby homes?
At 768 sqft, it’s cozier than many neighbours. However, the data shows similar-sized homes exist on nearby streets (e.g., 642 Lipton St. at 710 sqft), indicating this scale is not uncommon in parts of Daniel McIntyre.