Property Overview
839 Ingersoll Street is a compact, one-storey home with a renovated basement, built in 1926. At 672 sqft of living space, it is notably smaller than most homes in its immediate area, neighbourhood, and city-wide. It sits on a 2,339 sqft lot, which is also below average in size for its location in Daniel McIntyre. The home features a detached garage. Its assessed value is modest and sits around the neighbourhood average, though it is below average compared to the broader Winnipeg market. Recent sale history shows transactions in 2020 and 2023.
Key Characteristics & Appeal
This property’s primary appeal lies in its efficiency and affordability within a central Winnipeg neighbourhood. Its smaller scale translates to lower utility costs, minimal maintenance, and a manageable footprint, which is a distinct advantage for the right buyer. The renovated basement adds valuable functional space, effectively increasing its usable area beyond the main floor square footage.
It would suit first-time homebuyers seeking an entry point into homeownership, investors looking for a rental property with a lower initial investment, or downsizers who prioritize a simple, low-maintenance lifestyle without leaving the city. A thoughtful perspective is that a home of this size on a sub-divided lot reflects the area’s historical development pattern, offering a truly urban, neighbourly feel that differs from newer suburbs. Its value is firmly rooted in its location and land, with the structure itself representing a modest portion of the overall worth.
Frequently Asked Questions
1. Is the living space too small?
At 672 sqft, the main floor is compact. However, the renovated basement provides additional space. This layout suits those who value efficient living or spend little time at home.
2. How does the assessed value compare?
The assessed value of $20,400 is near the average for Daniel McIntyre but is below the city-wide average. This suggests the property is priced typically for this specific, established neighbourhood.
3. What is the significance of the lot size?
The 2,339 sqft lot is smaller than average. This means minimal yard maintenance, which is a benefit for some, but offers limited private outdoor space for gardening or expansion.
4. Are older homes a concern?
Built in 1926, the home will likely require ongoing maintenance consistent with its age. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation.
5. What does the sale history indicate?
The home sold in 2020 for $17,300 and again in 2023 for $20,800. This recent increase may reflect market trends and the value added by the basement renovation, but it’s important to review current market conditions.