Property Overview: 880 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, classic two-and-a-half storey home in the Daniel McIntyre neighbourhood, built in 1913. Its primary appeal lies in its generous scale, offering nearly 2,000 square feet of living space, which ranks it within the top 7% of homes on its street and the top 4% within the neighbourhood. This makes it a standout for buyers seeking ample room without a suburban footprint. The property sits on a standard city lot and features a basement that is present but not renovated, presenting a clean slate for customization.
The home suits buyers who value character and space over modern finishes, and who see potential in a solid, well-located structure. It’s an ideal candidate for a long-term homeowner willing to gradually update, or an investor looking for a sizable multi-unit conversion (subject to zoning). A less obvious perspective is its statistical standing: while its assessed value is elite for Daniel McIntyre, it sits below the citywide average, suggesting you are acquiring significant space for the dollar in a central location. The trade-off is the responsibility that comes with a 113-year-old home, where systems and layout may require thoughtful modernization.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It means the basement is unfinished or in its original state. It’s functional space with strong potential, but will likely need investment for insulation, moisture control, and finishing to become a comfortable living or recreational area.
2. The assessed value seems low compared to the living area. Why?
The assessed value is for municipal tax purposes and is influenced by many factors, including the home’s age, condition, and recent sales in the area. The disconnect between the high percentile ranking for living space and the moderate assessed value can indicate an opportunity to add value through renovations.
3. Who is this neighbourhood best for?
Daniel McIntyre is a central, established community popular with students, young professionals, and families attracted to its diversity, historic homes, and proximity to the University of Winnipeg, downtown, and amenities like the West End Commons.
4. Are there any obvious concerns with a home from 1913?
While offering charm and sturdy construction, buyers should budget for and investigate the condition of major aging components: the roof, foundation, plumbing, electrical wiring, and windows. A thorough pre-purchase inspection is essential.
5. How does the lack of a garage affect daily living?
Street parking is the norm here. Buyers should consider their comfort with this, especially during winter parking bans. The lot size is typical for the area, so adding a garage later would be challenging without sacrificing yard space.