612 Alverstone Street

Property Overview: 612 Alverstone Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1914, presents a practical opportunity in the Daniel McIntyre neighbourhood. Its primary appeal lies in offering above-average living space for the area—1,424 square feet, which is notably larger than many nearby homes—within a classic, established streetscape. The renovated basement adds functional living area. While the lot size is compact relative to others on the street, this can translate to lower maintenance. The home’s assessed value is consistent with the immediate area, suggesting it is priced in line with local expectations rather than city-wide averages, which are skewed by newer suburban developments.

This property would suit a first-time buyer or pragmatic investor looking for character and space in a central neighbourhood without a premium for a large yard. It’s a home for someone who values interior space over expansive outdoor land and appreciates the lower property taxes that come with a modest assessment compared to the wider city. The recent basement renovation also makes it suitable for buyers seeking a move-in-ready property without a major immediate project.

Frequently Asked Questions

1. How does the lot size impact this property?
The land area is smaller than most on the street. This means less outdoor maintenance but also limited potential for expansions like a large addition or garage. It emphasizes the house itself and its interior space as the key features.

2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value is a municipal tool for calculating taxes, not a market appraisal. However, it being "around average" for Alverstone Street suggests the home is not an outlier in its immediate context, which can provide a stable baseline for comparison.

3. What does the "above average" living area ranking mean for Daniel McIntyre?
It means this home offers more interior space than roughly 84% of comparable homes in the neighbourhood. For the area, this is a significant advantage, providing more room than typical without necessarily commanding a top-tier price.

4. The home is over 100 years old. What should I consider?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are from an older era. A thorough inspection is essential to understand the condition and any needed updates beyond cosmetic fixes.

5. How does this property compare city-wide?
City-wide rankings are less relevant for a home like this. Compared to all Winnipeg properties, it has a smaller, older house on a smaller lot with a lower assessed value. This isn’t a drawback but a reflection of its central, established neighbourhood character versus newer suburbs. The true comparison is within Daniel McIntyre and on Alverstone Street itself.