Property Overview

This one-storey home on Burnell Street is a classic, no-frills property that presents a clear value proposition. Its key appeal lies in its position as one of the most affordable entry points into Winnipeg’s Daniel McIntyre neighbourhood. With a modest 826 sqft living area and an unrenovated basement, it is not a move-in-ready showhome but a foundational property. The lot size is fairly typical for the area, and the 1909 build date means it carries heritage character alongside the expected maintenance considerations of an older home.

This property would suit a specific type of buyer: a hands-on first-time purchaser, an investor looking for a straightforward rental, or someone seeking a minimal footprint with the goal of building equity from a very low base. Its exceptionally low assessed value signals both its current condition and its potential as a long-term hold in a central, established community. A thoughtful perspective here is viewing it not just as a house, but as a secure land asset in a mature neighbourhood, where the value may be more tied to future location demand than to its current structure.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the property's current state, size, and recent sales in its immediate area. This valuation reflects its modest size, age, and condition (including an unrenovated basement), not a lack of desirability for the neighbourhood.

2. What does the ranking data (e.g., "Top 99%") actually mean for me?
These rankings compare this property against others. For example, "Top 99%" for assessed value on its street means it is among the lowest 1% of values on Burnell Street. This isn't necessarily negative; it clearly identifies this as one of the most affordable options, which defines its investment and ownership profile.

3. Is the 2020 sale price of $8,500 relevant today?
It provides historical context but is not a direct indicator of current market value. That sale likely reflected the property's condition at that time and may have been between private parties. Current value would be determined by today's market conditions, recent comparable sales, and any changes made to the property since.

4. What are the implications of buying a 117-year-old home?
You are buying character and location, but also responsibility. While systems may have been updated over time, you should budget for and anticipate maintenance consistent with an older building. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof.

5. There's no garage. What are the parking options?
The listing indicates no garage. Parking is likely via on-street permit. Buyers should verify the specific street parking regulations with the city to understand permit costs, availability, and any seasonal restrictions (like winter parking bans) that may apply.