Property Overview: 789 Alverstone Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre presents a compelling blend of classic charm and practical advantages. Built in 1947, it is notably newer than many area homes, potentially suggesting fewer concerns with extremely aged infrastructure. Its key physical attributes include 1,280 sqft of living space and a renovated basement, but the standout feature is the land: at over 5,700 sqft, the lot size ranks in the top 1-3% for the neighbourhood, offering rare outdoor space and future potential in a central area.
The appeal lies in its strong positional value within the community. While its living space is comfortably above average for Daniel McIntyre, the property’s assessed value is in the elite tier for the neighbourhood (top 5%), indicating it is viewed as a premium asset on its street and in the local area. This suggests a well-regarded location or property condition relative to immediate peers. It suits buyers looking for a character home with a generous yard in a mature, central neighbourhood, and who appreciate a property that holds significant value within its specific community context, even if that isn't as apparent in city-wide comparisons.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is for taxation purposes and is typically lower than market value. Its "elite" ranking locally suggests the municipality views it as a top-tier property in Daniel McIntyre, but a current market appraisal would be needed to determine the actual sale price.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality. A viewing and inspection are essential to determine if it’s a full legal suite, a finished recreational space, or updated storage and utility areas.
3. The lot is large for the area. Are there any restrictions on its use?
A lot of this size offers great potential, but it's important to verify zoning bylaws with the city regarding future uses like additions, garages, or secondary suites to understand any limitations.
4. The home is newer than many here, but what about major systems?
While built in 1947 (newer than the neighbourhood average of ~1920), the age still means critical components like roof, wiring, plumbing, and heating are likely not original. Inquiring about the age and condition of these updates is crucial.
5. How does the last sale price from 2017 relate to today's value?
The 2017 sale price of $240k is a historical data point. The Winnipeg market and the property itself have likely changed since then, so it should not be relied upon as an indicator of current value.