Property Overview: 628 Alverstone Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Daniel McIntyre presents a compelling blend of established character and above-average space for its immediate area. Built in 1911, its key appeal lies in its generous proportions. With 1,520 sqft of living area and a 3,281 sqft lot, it ranks in the top 20% for size both on its street and in the neighbourhood, offering more room than many comparable properties. The home features a renovated basement and a detached garage.
Its strongest financial characteristic is a $300,000 assessed value, which places it in the elite top 5% on Alverstone Street and top 4% in Daniel McIntyre. This suggests it is a higher-value asset within these specific, mature communities, though it's more average citywide. The home last sold in October 2020 for $260,000, indicating significant growth in its assessed value since that time.
This property would suit buyers looking for a character home in a central neighbourhood who prioritize interior and land space over a brand-new build. It’s ideal for someone who sees value in a home that stands out in its local context for its size and official valuation, and who may be comfortable with the upkeep of a century-old structure. The renovated basement adds functional living space, appealing to small families or those needing a home office or separate living area.
Section 2: Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood actually mean?
It primarily indicates that the municipal assessment for this specific home is among the highest on its street and in Daniel McIntyre. This can reflect recent improvements, above-average size, or desirable characteristics. It's important to note that assessed value is for tax purposes and doesn't directly set market price, but it does signal the home is considered a premium property in its local market.
2. Is the older year of build (1911) a concern?
While the home is 115 years old, its year of build is typical for the area. The key considerations will be the quality and age of major updates (roof, wiring, plumbing, windows) and the condition of the foundation and structure. A thorough inspection is essential.
3. How does the last sale price from 2020 relate to today’s value?
The $260,000 sale in late 2020 is a historical data point. The current $300,000 assessment suggests significant appreciation in the eyes of the assessor, but market conditions and any improvements made since 2020 will determine the actual listing and sale price.
4. The land is large for the area but below average citywide. How should I interpret this?
This highlights the difference between inner-city and suburban lot sizes. The lot is spacious and above-average for the central Daniel McIntyre neighbourhood, offering good outdoor space for the area. Compared to newer suburban developments with larger standard lots, it will understandably rank lower citywide.
5. What is the immediate neighbourhood like?
The listing shows several similar-era homes on the same block (e.g., 634, 626 Alverstone), indicating a street of consistent character. The "Worth viewing" comparison at 628 Arlington Street suggests potential similarities in style and value in the wider Daniel McIntyre area.