Property Overview: 881 Ingersoll Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a compelling mix of established character and modern practicality. Built in 1922, its key appeal lies in its above-average living space (1,208 sq ft) for the immediate area and a recently renovated basement, offering more functional room than many neighbouring homes. While the lot is compact, this can translate to lower maintenance. The home’s standout feature is its elite assessed value within the neighbourhood, indicating it is viewed as a substantial and well-maintained property for the area. This suggests not just a home, but a solid asset in a central, established community.
Its appeal is grounded in value and space. It would suit a first-time buyer or downsizer looking for a character home with more interior room than typical for the area, without a large yard to upkeep. It’s also a sensible choice for an investor or buyer who prioritizes the financial metrics and renovation potential of an older home in a mature neighbourhood, over a new build in the suburbs. A thoughtful perspective is that the compact lot and strong assessed value point to a property where the investment is in the structure itself, ideal for someone whose lifestyle is oriented more indoors and within the wider community.
Frequently Asked Questions
1. Is the sale price consistent with the assessed value?
Not directly. The assessed value for tax purposes ($30.10k) is significantly lower than the recent sale price ($340k in 2024). This is common, as assessed value is not a market valuation but is used to calculate property taxes.
2. What does the "elite" assessed value ranking mean for the neighbourhood?
It means this home is in the top 4% of properties in Daniel McIntyre for its municipal assessment. This typically reflects a combination of factors like lot location, building size, condition, and improvements relative to nearby homes, suggesting it is considered a higher-tier property in the area.
3. How does the living space compare practically?
At 1,208 sq ft, it offers about 25% more living area than the average comparable home on its street. This means more room for living, working, or storage than many immediate neighbours, which is a notable advantage in older neighbourhoods.
4. The home is over 100 years old. What should I consider?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are from an older era. A thorough inspection is essential to understand the condition and any needed updates, balancing the charm of an older home with practical maintenance considerations.
5. The lot size is noted as "below average." How impactful is this?
The lot is smaller than most in the city and even in the neighbourhood. This limits expansive outdoor space but reduces yard work. It emphasizes the home's orientation toward interior living and its efficient use of land, which can be a benefit for those seeking a lower-maintenance property.