Property Overview & Key Characteristics
This one-and-three-quarter storey home on Ingersoll Street is a classic Daniel McIntyre character property built in 1913. With 1,040 sqft of living space and an unrenovated basement, it presents a straightforward, functional layout. Key features include a detached garage and a modest 2,311 sqft lot. Its appeal lies in its authenticity and position as a relatively affordable entry point into a well-established, central Winnipeg neighbourhood. The home's assessed value is notably lower than the citywide average, which may indicate an opportunity for value-conscious buyers or investors.
This property would suit a first-time buyer comfortable with a home that may require gradual updates, or an investor looking for a character rental in a stable area. Its smaller lot size and older construction mean it’s less suited for those seeking a large yard or a modern, turn-key home. A thoughtful perspective is that while the lot is smaller than most, it offers lower maintenance—a potential benefit for busy owners. Additionally, its "around average" standing within the immediate area suggests it fits the local streetscape well, offering community consistency rather than standing out.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has sloped ceilings (following the roof line) with full-height walls only in the centre of the rooms, creating cozy, character-filled bedrooms.
2. Is the low assessed value a concern?
Not necessarily. The assessed value is for municipal tax purposes and is often lower than market value, especially for older homes in central neighbourhoods. It's more instructive to note that this assessment is average for Daniel McIntyre, suggesting it's in line with area norms.
3. What are the implications of an unrenovated basement?
This indicates the basement is in original or functional condition but hasn't been modernized or finished as living space. It provides essential utility space and storage but presents a clear opportunity for future improvement, subject to moisture checks and potential insulation needs.
4. How does the smaller lot size affect the property?
The lot is below average in size for the street, neighbourhood, and city. This means less outdoor maintenance and gardening, but also limited space for expansions, large decks, or extensive landscaping. It emphasizes the home itself and its location over private outdoor space.
5. The home last sold in 2022. What should I consider?
With a recent sale, it’s worth investigating why the property is back on the market so soon. However, short ownership periods can also arise from many neutral life circumstances. It underscores the importance of a thorough inspection and title search to ensure there are no unresolved issues.