Property Overview: 755 Alverstone Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is defined by its generous proportions and prime positioning within the neighbourhood. Built in 1948, it offers 1,464 sqft of living space, which is notably above average for the area. A key standout feature is the large 5,275 sqft lot, placing it in the top tier of properties locally for land size. The home includes a renovated basement and a detached garage.
Its appeal lies in offering substantial space—both indoors and outdoors—in a central, established community. The recent renovation of the basement adds modern utility to the classic home layout. This property would particularly suit buyers looking for a character home with room to grow, garden, or entertain, and who value a lot size that is increasingly rare in inner-city neighbourhoods. It’s a practical choice for those seeking a balance of vintage charm and updated living space without moving to the distant suburbs.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $28,400 but sold for $250,000 in October 2023. This large difference is typical, as municipal assessed value is used for tax purposes and often lags far behind actual market value.
2. Is the living space spread over multiple floors?
Yes. As a one-and-a-half storey design, the living area is distributed over the main floor and a partial upper level, which often features sloped ceilings. The renovated basement provides additional usable space.
3. What does the "Elite" ranking for land area mean?
It means this property's lot size is in the top 1-5% of all homes in the Daniel McIntyre neighbourhood. With over 5,200 sqft, it offers significantly more outdoor space than most nearby properties.
4. The home is older—what should I consider?
Built in 1948, it is newer than many area homes, but still requires attention to aging components like the roof, wiring, and plumbing. A thorough inspection is essential. The renovated basement is a positive update.
5. How does this home fit into the broader Winnipeg market?
While its size and lot are standout features locally, its assessed value is below the citywide average. This suggests it represents a value proposition for acquiring a large lot and home in a central location compared to newer subdivisions.