Property Overview
619 Alverstone Street is a one-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood. Built in 1909, it features 825 sqft of living space, an unrenovated basement, and a detached garage. The property stands out for its larger-than-average lot size of 3,784 sqft for the area, while its living space and assessed value are notably below local averages.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot is substantially larger than most in Daniel McIntyre and on Alverstone Street itself, offering valuable outdoor space and potential in a central, established neighbourhood. The home itself is compact and historic, presenting itself as a true entry-point opportunity or a strategic investment. Its very low assessed value reflects a property that requires modernization.
This home would best suit a specific type of buyer: a hands-on first-time buyer or investor with a vision for gradual improvement who values land over immediate move-in condition. It’s a canvas for someone willing to renovate over time. The large lot could appeal to those dreaming of a garden, addition, or simply securing more land in the city core. It is not suited for buyers seeking a turn-key or spacious finished home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state. The below-average living area, age of the home (1909), and the note that the basement is unrenovated are key factors, indicating significant potential for value increase through updates.
2. What does "unrenovated basement" typically imply?
This usually means the basement retains its original, functional state but lacks modern finishes. Buyers should budget for potential updates to insulation, moisture control, and living space, but it also offers a blank slate for customization.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a standout feature. It provides rare outdoor space for the area and could allow for extensions, a garage upgrade, or landscaping projects, subject to local zoning and permit approvals.
4. How does the living area compare to a typical home?
At 825 sqft, the living space is modest and below the average for the street, neighbourhood, and city. This suggests efficient, compact living and may mean fewer or smaller rooms than in more modern homes.
5. What is the significance of the home's age (1909)?
It indicates character and solid construction but also necessitates a thorough inspection. Buyers should proactively investigate the condition of foundational elements, plumbing, electrical systems, and insulation, as updates are likely needed to meet modern standards.