Property Overview
This 1922 one-and-a-half storey home on Ingersoll Street presents a straightforward opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 972 sqft of living space, a detached garage, and an unrenovated basement, it sits on a 2,339 sqft lot. The home last sold in June 2024. Its key appeal lies in its position as an affordable, no-frills entry point into the city’s housing market, particularly for those valuing location and lot ownership over size or modern finishes.
Key Characteristics & Ideal Buyer
The home’s primary characteristic is its value as a foundational asset. It is not a large or recently updated property; its living space is modest and its assessed value is below average for the street and city. The appeal exists in its affordability and its urban lot with a detached garage—a valuable feature in this area. It suits a first-time buyer, an investor, or a hands-on individual looking for a manageable footprint with the potential to add value over time. A less obvious perspective is that its below-average metrics for the street might indicate a chance to get into a neighbourhood at a lower price point than its immediate neighbours, with the lot and garage providing tangible underlying value. It’s a practical choice for someone comfortable with a home that requires updates and who prioritizes getting into the market.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 972 sqft, the living area is very close to the average for similar homes on Ingersoll Street itself, but is below the average size for the wider city.
2. What does the assessed value indicate?
The assessed value is notably lower than the average for the street and the city. This typically reflects the home’s condition, size, and features relative to others, and is a key factor in its affordable positioning.
3. Is the lot size a constraint?
The lot is under 2,400 sqft, which is smaller than many in the area and significantly smaller than a typical city-wide average. This means outdoor space is limited, but the lot is still large enough to accommodate the home and a detached garage.
4. Who might this property not suit?
It would likely not suit buyers looking for a move-in-ready home, significant interior space, or a large yard. The unrenovated basement also indicates potential for moisture management or foundational updates.
5. What is the significance of the detached garage?
In a mature neighbourhood with smaller lots, a detached garage is a valuable asset for vehicle storage, workshop space, or additional storage, adding practical utility that many nearby properties may lack.