Property Overview: 1-1127 Ingersoll Street
Key Characteristics & Appeal
This is a 782 sqft condo unit in Winnipeg's Daniel McIntyre neighbourhood, built in 1960. Its primary appeal lies in its strong positioning within its immediate context. While its size and assessed value are below the citywide average, they are notably above average for the Daniel McIntyre area. Specifically, its living area ranks in the top 29% of local comparables, and its assessed value is in the top 12%, indicating it is a larger and more valuable property relative to many others in this community.
The unit suits practical, value-conscious buyers looking for an affordable entry into homeownership without sacrificing space for the area. It’s particularly well-suited for first-time buyers or investors seeking a stable rental property in a central, established neighbourhood. A thoughtful perspective: this property represents a "big fish in a small pond" scenario—it offers more relative space and value within its popular, often more affordable neighbourhood than it would in broader Winnipeg, making it a smart hyper-local choice over a comparable unit in a newer, outlying area.
Frequently Asked Questions
1. How does this condo’s value compare to nearby properties?
Its assessed value of $15,300 is significantly above the local area average (top 12% in Daniel McIntyre), but below the Winnipeg citywide average. This suggests you are getting a property that stands out in its immediate market.
2. Is the unit updated, given it was built in 1960?
The listing does not specify renovation details. As the building is 66 years old, prospective buyers should inquire about the age of major building systems (roof, plumbing, windows) and interior updates during viewings and inspections.
3. What does the sales history tell us?
The unit has sold three times since 2016 ($12,400 in 2016, $14,300 in 2021, $15,300 in 2022), showing steady appreciation over a six-year period.
4. Are there other units in the same building?
Yes, the addresses listed (2-1127 through 6-1127 Ingersoll Street) indicate this is a multi-unit condo building. It’s advisable to ask about the condo corporation’s financial health, rules, and any upcoming special assessments.
5. How does the living space feel for a condo?
At 782 sqft, the unit is larger than many local comparables (average 665 sqft in Daniel McIntyre). This provides a practical amount of space, likely feeling more spacious than many other condo options in the area.