Property Overview: 868 Burnell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,071 sqft of living space and a full, unrenovated basement, it offers a straightforward canvas. The lot size of 2,986 sqft is typical for the area. Its appeal lies in its position as a grounded, no-frills entry point into the market. The home's assessed value is modest and aligns closely with neighbourhood averages, suggesting a potentially accessible price point. It would suit a first-time buyer comfortable with a home that may require updates, or an investor looking for a practical rental property in a central location. A less obvious perspective is its statistical normality: for its immediate area, this home is consistently "around average" in size, value, and lot, offering a stable, predictable purchase without the premium or the extreme discount that can sometimes signal hidden issues or competitive bidding.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, reducing the square footage and ceiling height in parts of the upper level. It adds character but can mean cozier upper rooms.
2. Is the unrenovated basement a concern?
It indicates the mechanical systems and foundation are in original condition. This isn't inherently negative, but it means a buyer should budget for potential updates and will want a thorough inspection to understand the condition of the furnace, wiring, and plumbing.
3. How does the assessed value relate to the likely sale price?
The 2021 sale was at $17.5k, and the current assessed value is $20.2k. In active markets, sale prices often exceed assessed value. This gap suggests the market price could be significantly higher, so it's crucial to research recent sales of similar homes, not just the assessment.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, central neighbourhood. The data shows homes here are older and on smaller lots compared to the city-wide average, which is typical for established inner-city areas. It offers convenience and character over suburban space.
5. The home ranks "below average" city-wide for lot size and year built. Is that a problem?
Not for this type of property. This comparison highlights that it is a classic inner-city home. Compared to newer suburban developments, lots are smaller and homes are older. This is reflected in its accessible assessment. The relevant comparisons are the "same street" and "same area" metrics, where it holds its own.