Property Overview: 1033 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, early 20th-century one-and-a-half storey home in the Daniel McIntyre neighbourhood. Its key characteristics include a 1,032 sqft living area, an unrenovated basement, a detached garage, and a modest 2,309 sqft lot. Built in 1912, it sits on a street of similar vintage homes.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a stand-alone house with a private garage. The assessed value is notably low compared to city-wide averages, which can translate to lower property taxes—a significant, often overlooked, long-term savings. Its living space is practical for the area and street, suggesting it fits the scale of the community.
This property would best suit a first-time buyer, an investor looking for a rental property, or a hands-on individual comfortable with a home that may require updates over time. It’s for those who prioritize location and ownership type over modern finishes or ample square footage, and who see potential in a classic Winnipeg structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value for taxation purposes is often lower than market sale prices. The significant gap here suggests the city’s assessment hasn’t kept pace with market increases, which can be a tax advantage for the owner.
2. What does “unrenovated basement” typically imply?
It likely means the basement retains its original state, with older finishes, mechanical systems, and possibly lower ceilings. It presents functional space but also a clear opportunity for future modernization.
3. How does the lot size affect me?
At roughly 2,300 sqft, the lot is smaller than most in the city. This means lower maintenance but also limited space for expansions, large gardens, or outdoor privacy. It’s a efficient, low-upkeep footprint.
4. Is the living area sufficient for a small family?
At just over 1,000 sqft, the home is compact. It would require efficient use of space and is likely better suited for individuals, couples, or a very small family, aligning with the home’s historical origins.
5. What are the pros and cons of a 1912 build?
Pros include classic character and sturdy construction. Cons involve the age of components like wiring, plumbing, and insulation, which may need evaluation and upgrading to modern standards for efficiency and safety.