Property Overview: 805 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1914, offering 1,266 sqft of living space on a standard city lot in the Daniel McIntyre neighbourhood. Its core appeal lies in its established location and straightforward, functional layout, featuring a full (unrenovated) basement. The home presents a practical opportunity rather than a turn-key property.
The data reveals a house that is consistently "around average" within its immediate area for size, value, and lot dimensions. This positions it as a stable, predictable option in the neighbourhood context. Its assessed value is notably below the Winnipeg citywide average, which may indicate a more accessible entry point into the market. The home would suit a first-time buyer comfortable with a property that may require updates over time, or an investor looking for a character home in a central, no-frills location. Its unrenovated basement offers potential for future customization, appealing to those who see value in adding their own touch.
Frequently Asked Questions
1. What does the "unrenovated basement" typically mean for a house of this era?
It generally indicates the basement retains its original utility-focused state, likely with a concrete floor, exposed ceiling joists, and basic finishes. It provides functional storage and housing for mechanical systems, with the potential for future development.
2. How does the below-city-average assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes compared to a similarly sized home with a higher assessment. This can be a meaningful ongoing savings, though the exact mill rate should be verified.
3. The home is older than most in Winnipeg. Should I be concerned?
Homes from this period were often built with durable materials. The key is the condition of major systems (roof, wiring, plumbing, foundation) which have likely been updated over time. A thorough inspection is essential to understand what maintenance or updates may be imminent.
4. What is the parking situation with no garage?
Parking would be on-street. In established neighbourhoods like Daniel McIntyre, this is common, but it's wise to observe parking availability at different times to gauge convenience.
5. The home last sold in early 2021. How should I interpret that?
The 2021 sale price provides a historical benchmark, but market conditions have likely shifted. It’s more useful to look at recent sales of comparable homes in the same area to understand current value. The provided comparisons (like 811 Alverstone) are a good starting point.