Property Overview: 834 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home in the Daniel McIntyre neighbourhood, built in 1912. With 978 square feet of living space and a full, unrenovated basement, it presents a straightforward layout on a 3,267 sqft lot. The home’s assessed value is notably below the citywide average, reflecting its vintage and condition.
Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly within its own community. For its street and neighbourhood, the lot size is a relative strength, offering more outdoor space than many area homes. The property suits practical, value-oriented buyers such as first-time homeowners comfortable with a project, investors looking for a rental property with foundational equity, or downsizers seeking a modest, low-maintenance footprint without a premium price tag. A less obvious perspective is its potential for someone interested in the character and history of early 20th-century Winnipeg homes, viewing the lack of prior renovations as a blank slate for a thoughtful, period-sensitive restoration.
Frequently Asked Questions
1. What does the "unrenovated basement" condition typically mean?
It generally indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes, and should prioritize a thorough inspection for moisture management and foundational integrity common in homes of this era.
2. How does the below-average assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to similar-sized homes with higher valuations. This can be a meaningful ongoing savings, but it also reflects the market's current valuation of the property's features and condition.
3. Is the lack of a garage a significant drawback in this area?
Many homes in this part of Daniel McIntyre do not have garages. On-street parking is common. For some buyers, this is a trade-off for the neighbourhood's affordability and location. The lot size may allow for the future addition of a parking pad or garage, subject to city bylaws.
4. The home last sold in late 2019. What should I consider?
The 2019 sale price provides a historical benchmark, but market conditions have likely changed. It’s important to research recent sales of comparable properties in Daniel McIntyre to understand current value. This history also suggests the home has not been flipped recently, which some buyers see as a positive.
5. How does this home rank for living space in the area?
At 978 sqft, it is slightly below the average for similar homes on its street and in Daniel McIntyre. This indicates a compact, efficient layout. Buyers should consider if the space meets their needs, keeping in mind that the unrenovated basement offers potential for additional usable space.