867 Ingersoll Street

Property Overview: 867 Ingersoll Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in the Daniel McIntyre neighbourhood, built in 1930. With 809 square feet of living space and a renovated basement, it offers a practical layout on a standard city lot. Its standout feature is its assessed value, which ranks notably higher than most comparable homes on its street and in the immediate area, suggesting it is viewed favorably by municipal assessors relative to its peers.

The appeal lies in its efficiency and location. It represents a straightforward, lower-maintenance entry point into homeownership in a central Winnipeg community. The recent basement renovation adds modern livable space, contrasting with the home’s vintage character. This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a character home without excessive size or upkeep. It’s for someone who values a central location and a solid assessment foundation over sheer square footage.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 809 sqft, the living area is below the average for both the Daniel McIntyre neighbourhood and Winnipeg overall. However, it is closer to the average for homes specifically on Ingersoll Street, indicating the street itself features more compact, character homes.

2. Why is the assessed value ranked so high for the area?
The assessed value of $26,100 ranks in the top 18% on its street and top 10% in Daniel McIntyre. This suggests the property assessment reflects factors like the renovated basement, condition, or specific attributes that place it above many neighbouring homes in official valuation.

3. What is the land size, and what does it allow?
The lot is 2,336 sqft, which is typical for the area but below the wider city average. It provides adequate outdoor space for a garden or patio but is not suited for major expansions or additions requiring significant setback space.

4. Has the property value been stable?
Sales history shows it sold for $27,500 in late 2020 and $25,300 in mid-2017. This indicates relative price stability over that period, with a modest increase aligned with its higher assessed value.

5. What is less obvious about this property’s context?
While the home is smaller and older than city averages, it outperforms most direct neighbours in assessed value. This creates an interesting dynamic: you’re purchasing a physically modest home that holds a strong position within its immediate micro-market, which can be a point of financial stability.