Property Overview
This 1914 one-storey home on Ingersoll Street presents a compact, 756 sqft living space with a renovated basement and a detached garage. Its key appeal lies in its efficient scale and its position within the established Daniel McIntyre neighbourhood. The home sits on a standard city lot of just over 3,000 sqft, offering outdoor space without excessive maintenance. A notable characteristic is its assessed value, which is above average for the local area, suggesting the property is well-regarded within its immediate context despite its smaller size. The recent basement renovation adds modern functionality to the century-old structure.
This property would suit first-time buyers or downsizers seeking an affordable entry into a central Winnipeg neighbourhood without the upkeep of a larger house. It’s a practical choice for those who value location and lot size over square footage, and for investors or handy buyers who see potential in a home that is already partially updated.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the 756 sqft living area is below average for the city, it is relatively common for homes of this era in Daniel McIntyre. The above-average assessment for the neighbourhood indicates that factors like the renovated basement, lot size, and location are positively influencing its valuation.
2. What does the sale history tell us?
The property sold for $170k in 2017 and for $23.9k in 2020. The 2020 sale price is unusually low and likely represents a non-arms-length transaction (such as a transfer between family members) rather than a market-value sale. The 2017 figure is a more reliable indicator of its recent market value.
3. Is the older age of the home a concern?
Built in 1914, the home is older than most in the city but is typical for the area. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, foundation, and plumbing, which is standard for any century-old property.
4. Who might this property not suit?
It may not be ideal for those requiring multiple bedrooms or dedicated home-office spaces, or for buyers who prefer a brand-new, low-maintenance home. The compact size requires efficient use of space.
5. What is the potential here for a buyer?
The appeal is in the balance of a central location, a usable lot, and a home that has seen some updates. The renovated basement adds immediate living space. The detached garage and lot size offer flexibility for gardening, storage, or future outdoor projects that a condo or townhouse would not.