Property Overview: 777 Alverstone Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre presents a compelling mix of established character and practical updates. Built in 1949, it is notably newer than many homes in the immediate area, which can mean fewer concerns over extremely aged infrastructure. The home features a renovated basement and a detached garage, with a living space of 1,241 sqft that is comfortably above average for both the street and the neighbourhood.
Its standout appeal lies in its lot size and perceived value within the community. The 4,301 sqft land parcel is well above the local average, offering generous outdoor space for a central neighbourhood. The property’s assessed value ranks in the top tier for Daniel McIntyre, suggesting it is viewed as a premium property within this specific market, even while being more modest city-wide. This indicates a home that offers strong intrinsic value and appeal to those who prioritize the neighbourhood itself.
This property would suit a buyer looking for a character home without some of the extreme age of surrounding properties, and who values above-average outdoor space. It’s ideal for someone investing in the Daniel McIntyre community who appreciates a home that stands out positively in local comparisons for its lot size, newer vintage, and updated features.
Frequently Asked Questions
1. How does the 1949 build year compare to nearby homes?
This home is significantly newer than many in Daniel McIntyre, where comparable homes average a build year of 1920. This relative newness can be an advantage for maintenance and systems.
2. The assessed value seems high for the neighbourhood but low city-wide. Why?
The assessment reflects the property's premium standing within Daniel McIntyre (top 5%), where average values are lower. City-wide comparisons include newer suburbs and different market segments, explaining the disparity.
3. What does the "Elite" or "above average" ranking actually mean?
These rankings show how this property compares to specific groups of "comparable homes." For example, its lot size is in the top 4% for the neighbourhood, meaning 96% of similar local homes have smaller lots.
4. Is the living space sufficient for a family?
At 1,241 sqft, the living area is above the local average. The renovated basement also adds functional space, making it viable for a small to medium-sized family, especially with the large yard.
5. What is the significance of the detached garage?
A detached garage is a valuable asset in older neighbourhoods, providing secure parking and additional storage or workshop space, which is not always available with character homes.