Property Overview & Appeal
This is a compact, 453 sqft condo unit at 6-1127 Ingersoll Street in Winnipeg's Daniel McIntyre neighbourhood. Its key characteristic is its exceptionally low financial barrier to entry, evidenced by a very modest assessed value and recent sale price. The unit is notably smaller than most city-wide comparables, positioning it as a true minimalist living option or a dedicated investment property rather than a typical primary residence.
Its appeal lies in pure affordability and a specific niche. For the right buyer, it represents one of the most accessible points of entry into home ownership in the city. It would suit a pragmatic first-time buyer seeking a no-frills starter home, an investor looking for a low-cost rental property, or someone wanting a minimal footprint with ultra-low carrying costs. A less obvious perspective is its potential as a "base camp" for someone who travels frequently or lives an active, mostly out-of-home lifestyle, where a small, secure, and inexpensive private space is the primary need.
Frequently Asked Questions
1. Is this a good investment property?
Given the very low purchase price, the potential for positive cash flow as a rental is stronger than with more expensive units. However, prospective landlords must carefully research condo fees, building bylaws on rentals, and typical rents for very small units in the area to ensure the numbers work.
2. How does the small living area compare practically?
At 453 sqft, this is a compact one-room living space (likely a studio or small one-bedroom layout). It demands efficient use of space and minimal possessions. It's significantly smaller than the average Winnipeg condo (around 665 sqft in Daniel McIntyre).
3. What should I know about the building and condo fees?
The listing does not specify monthly condo fees, which is a critical piece of information. For a building of this age (constructed in 1960), fees can cover significant reserve fund contributions for future repairs. A review of the building's financial health, bylaws, and fee structure is essential.
4. Why is the assessed value so much lower than the city-wide average?
The assessed value ($9,600) is low due to the combination of very small square footage, the building's age, and the specific local market. It ranks around average for the Daniel McIntyre neighbourhood but is well below the Winnipeg city-wide average for condos.
5. The building seems to have multiple units at the same address (e.g., 1-1127, 2-1127). What does this mean?
This indicates a multi-unit condo complex, likely a low-rise apartment-style building where all units share the same street address and are differentiated by their unit number. It's important to view the specific unit (#6) and understand its placement within the building.