Property Overview: 784 Alverstone Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Daniel McIntyre presents a practical opportunity in Winnipeg’s core. Its key characteristic is a balance of a modest, renovated 860 sqft living space with a proportionally generous 3,278 sqft lot, offering more outdoor potential than many neighbouring properties. Built in 1928, it is newer than most in its immediate area, which may suggest fewer concerns associated with very early-century construction.
The appeal lies in its position as a relatively affordable entry point into the market with a detached garage and a renovated basement—features that add functional value. The assessed value of $230k is notably above average for Daniel McIntyre, indicating official valuation strength within the neighbourhood context, though it sits below the citywide average.
This property would best suit first-time buyers or practical investors looking for a manageable footprint without sacrificing yard space. It’s for someone who values location and lot size over sheer living area and is comfortable with a home whose interior size is below local averages. A thoughtful perspective is recognizing that the above-average assessment for the area could be a double-edged sword, potentially meaning higher property taxes but also reflecting a solid investment in a neighbourhood where values are rising.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 860 sqft, the living space is below the average for both Alverstone Street (~1,193 sqft) and the Daniel McIntyre neighbourhood (~1,142 sqft). This suggests a more compact, efficient layout.
2. What does the assessed value tell me about this property?
The $230k assessment is above the neighbourhood average, which can indicate that the property is viewed favourably relative to others in Daniel McIntyre. However, buyers should compare this to the current list and sale prices for a complete picture.
3. Is the lot size a significant feature?
Yes. The lot of 3,278 sqft is above average for both the street and the neighbourhood, offering more private outdoor space than many comparable properties—a valuable asset in a central community.
4. How does the year built affect this home?
Built in 1928, the home is newer than many on its street and in Daniel McIntyre, where average build years are 1921 and 1920, respectively. This may imply updated infrastructure compared to older neighbours, but a thorough inspection is still essential.
5. What are the property taxes likely to be?
While the exact mill rate isn’t provided, property taxes are calculated based on the assessed value. With an assessment above the neighbourhood average, prospective buyers should budget for taxes that may be higher than those for a typically assessed home in Daniel McIntyre.