Property Overview & Key Characteristics
This is a 765 sqft condo unit located at 3-854 Alverstone Street in Winnipeg's Daniel McIntyre neighbourhood. Built in 1912, it offers a classic, no-frills entry point into the city's housing market. Its primary appeal lies in its affordability and location, with an assessed value significantly below the citywide average. The unit last sold in late 2019 for $130,000.
The property suits first-time buyers, investors, or downsizers seeking a low-maintenance, cost-effective foothold in a central community. Its charm is practical rather than luxurious. A less obvious perspective is that its older building year (1912) ranks highly on its specific street, suggesting it may be among the more established and potentially character-rich units in the immediate row, as opposed to a modern infill. However, buyers should be prepared for the realities of an older building and a living space that is compact by overall city standards.
Frequently Asked Questions
1. Is this a good value compared to similar properties?
Based on assessed value, it is around average for the Daniel McIntyre area but ranks in the top 10% most affordable properties citywide, indicating strong value for location.
2. What should I know about the building's age?
Constructed in 1912, the building is over a century old. This can mean character and a central location, but it also necessitates thorough inspections for building systems (like plumbing and electrical) and potential condo reserve fund health.
3. How does the living space compare to other condos?
At 765 sqft, it's slightly below the average size for similar units on Alverstone Street and in Daniel McIntyre, and notably smaller than the citywide condo average. It's a efficiently sized, compact living space.
4. Who manages the condo corporation, and what are the fees?
This information is not provided in the public listing details. A review of the condo corporation's status certificate, including fees, rules, and reserve fund, is an essential step before purchasing.
5. Are the other units in the building similar?
The listing shows several other units at the same address, suggesting a multi-unit conversion. This can indicate a consistent building style but also means understanding shared infrastructure and neighbour proximity is important.