Property Overview

This one-and-a-half storey home on Burnell Street in Daniel McIntyre is a classic Winnipeg character property built in 1913. Its key appeal lies in its position as an accessible entry point into the market, offering a detached home with a functional layout (993 sq ft of living space) and a detached garage on a standard city lot. The home presents as a straightforward opportunity: it has an unrenovated basement and, with a notably low assessed value, it is priced significantly below city averages. This creates a clear value proposition for specific buyers.

The property would best suit a practical first-time homebuyer comfortable with a home that may require updates over time, or an investor looking for a rental property with a fundamental structure in place. Its charm is not in luxury finishes, but in its affordability and potential. A less obvious perspective is that its lower property taxes, due to the assessment, could provide meaningful ongoing savings, allowing an owner to redirect funds into gradual improvements. It’s a property for those who see utility and possibility rather than immediate move-in perfection.

Frequently Asked Questions

What does "one-and-a-half storey" typically mean for this home?
This style, common in Winnipeg, usually features a main floor with principal rooms and a second floor under sloped roof lines, creating cozy bedrooms with potentially reduced ceiling height in some areas. It's a classic, efficient design.

How significant is the "unrenovated basement"?
This indicates the basement is in functional, likely original condition. Buyers should budget for potential updates to insulation, flooring, or moisture management to modernize the space, but it also means there are no poorly executed DIY renovations to undo.

The assessed value is very low compared to sale prices. Why?
Municipal assessed value is for tax purposes and often lags behind market value, especially for older homes in transitioning areas. A low assessment is a positive for annual tax bills, but the sale price will be determined by current market conditions and buyer demand.

Is the smaller living area a concern?
At 993 sq ft, it is compact but typical for the era and neighbourhood. It promotes efficient living and lower utility costs. The focus here is on the value of owning a detached home with outdoor space, not on square footage.

What is the immediate neighbourhood like?
Being on Burnell Street places you in the heart of Daniel McIntyre, a mature, central community with diverse housing stock, local businesses, and good transit access. It's a no-frills, established urban neighbourhood.