Property Overview
This 748 sqft one-storey home on Alverstone Street, built in 1912, presents a compact and efficient living space. Its key appeal lies in its renovated basement and detached garage, offering functional upgrades within a historically established Daniel McIntyre neighbourhood. The lot size of 2,678 sqft is modest for the street but typical for the area. With a recent sale in 2023 and a relatively low assessed value, it sits as a more affordable entry point into the Winnipeg market.
This property would suit first-time homebuyers or investors seeking a lower-maintenance, character home without a major renovation project. Its smaller scale may also appeal to downsizers. The data suggests it's a home where value is found in its utility and location rather than its size, making it a practical choice for budget-conscious buyers comfortable with a cozy footprint.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 748 sqft, the living area is notably smaller than most comparable homes on the same street, in Daniel McIntyre, and across Winnipeg.
2. Is the assessed value a reliable indicator of the market price?
Not directly. The home's assessed value is significantly lower than the citywide average and its most recent sale price in 2023, which was $170k. Assessments are for tax purposes and often lag behind market values.
3. What are the less obvious considerations for a home of this age?
While the basement is renovated, a 1912 build requires attention to foundational integrity, original wiring, and plumbing. The charm comes with the responsibility of ongoing maintenance typical for a century-old structure.
4. How does the lot size impact potential?
The lot is smaller than most on the street. This limits expansion possibilities but could mean less exterior maintenance. The presence of a detached garage on a smaller lot is a valuable asset that maximizes utility.
5. What does the sales history and neighbourhood data suggest?
Its recent sale and the activity on the street indicate a stable, in-demand neighbourhood. The property's metrics suggest it is priced for its functional updates and location, offering affordability in a mature community rather than premium space.