Property Overview: 876 Alverstone Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre is defined by its practical proportions and established neighbourhood setting. Built in 1910, it offers above-average living space (1,464 sq ft) for the area, providing more room than many nearby homes. The property sits on a standard city lot with a detached garage. A notable feature is the existing, unrenovated basement, which presents a clear opportunity for future development to add significant value.
The appeal lies in its positioning as a solid, spacious canvas within a mature community. It suits buyers looking for a character home with room to grow, who are comfortable with a project—whether that’s updating the basement over time or simply enjoying the generous square footage as-is. It’s a practical choice for first-time buyers needing space, or for investors seeking a property with clear potential for value-add improvements in a central location. The home’s assessed value is modest relative to the city-wide average, which can be an advantage for property tax calculations.
Section 2: Frequently Asked Questions
1. What does "above average living area for the area" actually mean?
Compared to similar homes directly on Alverstone Street and in the wider Daniel McIntyre neighbourhood, this house has more interior space than roughly 80% of its peers. You're getting more square footage than is typical for this specific location.
2. The basement is noted as "not renovated." What should I expect?
You should anticipate a basement in original or functional condition, likely lacking modern finishes. It has utilities and space but will require investment to create a modern living area, recreation room, or rental suite. This is the property's main opportunity for customization and value increase.
3. How does the 1910 build year affect the home?
While the home is historically older than many in Winnipeg, its age is typical for the Daniel McIntyre area. Buyers should prioritize a thorough inspection to understand the condition of original components like wiring, plumbing, and the foundation, which may need updating or have already been addressed over the years.
4. The assessed value seems low compared to city-wide averages. Why?
Property assessments are based on market value for taxation purposes and are heavily influenced by the local area. While the assessed value is below the Winnipeg city average, it is actually around the median for both Alverstone Street and Daniel McIntyre. This reflects the neighbourhood's market rather than an anomaly with this specific house.
5. Is the detached garage a standard feature here?
Yes, a detached garage is common for homes of this era in central Winnipeg neighbourhoods. It provides secure parking and storage but may not be insulated or heated. For some buyers, the separation from the house is a plus; for others, it's a consideration during winter months.