Property Overview: 821 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-and-a-half storey home in the Daniel McIntyre neighbourhood, built in 1912. Its primary appeal lies in its above-average living space—at 1,713 sq ft, it offers significantly more room than most comparable homes on its street and in the immediate area. This suggests a layout with good potential for family living or flexible room arrangements. The property sits on a standard city lot and features a basement that is present but not renovated, indicating an opportunity for customization.
The home’s assessed value is notably above average for its specific locale, which often reflects the desirable combination of its larger footprint and established neighbourhood setting. It would suit a buyer looking for character and space over modern finishes—someone comfortable with a project, whether that’s updating the basement or refreshing the interior of a solid, century-old structure. It’s a practical choice for those prioritizing square footage and location within Winnipeg’s inner city, offering a chance to add value through thoughtful updates.
Frequently Asked Questions
1. What does "above average" for living area actually mean here?
It means this home is larger than 89% of similar properties on Alverstone Street and 93% in the Daniel McIntyre area, providing more interior space than is typical for the neighbourhood.
2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and newer suburbs with larger lots. This assessment is best compared locally; it is actually in the top 9% for the Daniel McIntyre area, reflecting its relative desirability within its specific market context.
3. Is the unrenovated basement a major concern?
Not necessarily. It confirms the space exists and is usable but will require investment to finish. For some buyers, this is preferable to a poorly executed renovation, as it allows for a custom design.
4. The home sold recently in 2022. What does that indicate?
The sale two years ago, at a price well above the current assessed value, suggests a rapidly appreciating market or significant changes were made at that time. It’s a key data point for understanding recent market value.
5. Who is the ideal buyer for this property?
The ideal buyer values character and space, is prepared for the maintenance of a 114-year-old home, and sees potential in a solid structure. It fits a practical investor, a family seeking an inner-city home with room to grow, or a buyer wanting to put their own stamp on a property without starting from scratch.