Property Overview: 453 Burnell Street, Winnipeg
Key Characteristics & Appeal
This 960 sqft home, built in 1948, presents a compelling mix of modest scale and valuable land. Its primary appeal lies in its generous 4,425 sqft lot, which ranks in the elite top 4% for lot size within the established St. Matthews neighborhood. This offers significant outdoor space and potential not commonly found on surrounding streets. While the living area is below city averages, the property’s assessed value of $260k is notably above average for both the street and the wider neighborhood, suggesting the lot and location are key value drivers.
The home suits practical buyers looking for a foothold in a mature community. It’s ideal for a first-time homeowner comfortable with a cozier footprint who prioritizes yard space over square footage, or an investor recognizing the underlying land value. Its 1948 build date is newer than most area homes, which may imply updates or different maintenance needs compared to its early-1900s neighbors. The data indicates you’re paying a premium relative to nearby homes, but for a larger, potentially more versatile parcel of land in the same locale.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 960 sqft, the living area is slightly below the average for Burnell Street (~1,206 sqft) and the St. Matthews neighborhood. It’s a more compact home, emphasizing efficient use of space.
2. Why is the assessed value higher than many area homes?
The assessed value of $260k ranks well above neighborhood averages. This is likely influenced by the property’s significantly larger-than-average lot size, which is a key asset in this established area.
3. What does the 1948 build year mean in this context?
Built in 1948, this home is notably newer than many in St. Matthews, where average build years are from the 1910s-1920s. This could influence architectural style, layout, and the nature of any required updates or repairs.
4. What were recent sale prices for similar homes on this street?
Based on available data, recent sales on Burnell Street and immediately adjacent roads have typically fallen within the CA$200k–$250k range. Exact sold prices require a manual lookup through the site.
5. How does this property fit within the wider Winnipeg market?
City-wide, this home is below average in both size and assessed value, reflecting its positioning as a more affordable, land-focused option within the broader and more varied Winnipeg housing market.