Property Overview: 804 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is a practical and character-filled property built in 1911. With 1,150 sqft of living space and a recently renovated basement, it offers a functional layout for everyday living. The lot size of 3,268 sqft is notably above average for the neighbourhood, providing valuable outdoor space in an inner-city setting.
The primary appeal lies in its strong position within its immediate context. While its size and age are typical for the area, its assessed value ranks in the top 20% on its street and top 11% in Daniel McIntyre, suggesting it is a well-maintained or improved home compared to many local peers. This is supported by a significant price increase between its 2020 and 2024 sales. The renovated basement adds modern, functional space to the historic structure.
This home would best suit a buyer looking for an established neighbourhood with a sense of community, who appreciates the charm of an older home but values practical updates. It’s ideal for first-time homeowners, small families, or investors attracted to a property that outperforms many in its direct vicinity on key metrics. The generous lot also offers potential for gardening or outdoor enjoyment.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While its assessed value is above average for its street and neighbourhood, it ranks below the city-wide average. This highlights its appeal as a solid inner-city property, not a premium suburban one, and may indicate a more accessible price point within the broader market.
2. What does the "renovated basement" likely include?
The listing specifies a renovated basement, which in a home of this era typically means it has been modernized for use as living space, potentially including finished walls, flooring, and proper ceilings. It’s important to clarify the specific work done, its permits, and if it includes a separate entrance.
3. Is the lot size a significant advantage?
Yes. At over 3,200 sqft, the lot is larger than many in Daniel McIntyre. This provides more private outdoor space than typical and could allow for future additions like a garage, deck, or garden, which are less feasible on smaller lots.
4. Given the age of the home, what should I investigate?
A 1911 home will have character but requires due diligence. Key focuses should be the state of the original foundation, wiring, plumbing, and roof. The recent renovation is a positive, but ensure it was completed to code and doesn’t mask any underlying issues.
5. Why did the sale price increase so much between 2020 and 2024?
The jump from $23.8k to $32.5k likely reflects a combination of market-wide increases, the value added by the basement renovation, and the property’s inherent desirability within its specific local market, as indicated by its high assessed value ranking on the street.