Property Overview: 583 Alverstone Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1905. With 1,224 sqft of living space, it offers a practical footprint that is very typical for its immediate street and neighborhood, making it a comfortable size for a small household. Its assessed value is notably above average for both the street and the broader Daniel McIntyre area, which can indicate perceived stability or desirable features, though it sits below the citywide average—a common dynamic for mature, central neighborhoods.

The appeal here is rooted in location, character, and practicality. It sits on a standard city lot and features a detached garage. The basement is noted as unrenovated, presenting a clear opportunity for future customization or necessary updates. This property would likely suit a pragmatic buyer who values established neighborhoods over new subdivisions. It’s a fit for someone comfortable with the maintenance considerations of a century-old home and who sees potential in personalizing a space over time. The above-average assessment within the local context suggests it may already have some underlying strengths appreciated in the community.

Section 2: Frequently Asked Questions

1. What does "above average assessed value for the area" actually mean?
It means that, compared to similar homes on Alverstone Street and in Daniel McIntyre, this property’s official assessed value is higher than most. This can reflect factors like lot location, previous updates, or overall condition. It’s important to note this is a municipal assessment for tax purposes, not a market valuation.

2. The home is 121 years old. What should I be mindful of?
While offering undeniable character, a home from 1905 will likely have older infrastructure. Key points for a professional inspection would include the foundation, plumbing, electrical systems, and roof. The unrenovated basement also allows you to clearly see the home’s underlying structure.

3. How does the lot size impact this property?
At 2,863 sqft, the lot is slightly smaller than others on the same street but is very typical for central Winnipeg neighborhoods. It provides a manageable outdoor space for gardening or relaxing without extensive upkeep. The detached garage is a valuable asset given the lot dimensions.

4. The home last sold in 2019. How is the market now?
The 2019 sale price provides a historical data point, but the current market conditions and any changes made to the property since then will determine its present value. Comparing it with recent sales of similar-aged homes in Daniel McIntyre will give a clearer picture.

5. Who would this neighborhood suit?
Daniel McIntyre is a mature, central neighborhood. It suits buyers looking for established tree-lined streets, proximity to downtown, and local amenities. It often appeals to first-time homebuyers, small families, and investors due to its relative affordability and consistent demand in the central core.