Property Overview
This two-storey home on Ingersoll Street in Daniel McIntyre presents a compelling mix of character and value. Built in 1914, it offers 1,156 sqft of living space, which is notably above average for its immediate street. A key feature is its renovated basement, adding functional living area. The property sits on a 2,311 sqft lot, which is compact relative to city-wide averages but typical for the central neighbourhood.
Its appeal is rooted in its strong value proposition within a desirable inner-city community. The home’s assessed value ranks in the top 5-6% for both its street and the broader Daniel McIntyre area, suggesting it is a well-regarded property in its local market. This, combined with the updated basement, indicates a home that has been maintained and offers modern livability within a classic structure. It would suit first-time buyers or downsizers seeking an established neighbourhood with character, without the upkeep of a large yard. It’s also a practical option for those who prioritize being above-average locally in terms of space and value over having a large private outdoor area.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for $350,000 in July 2022. Its current assessed value is $28,800. It’s important to understand that municipal assessed value for tax purposes is rarely an accurate reflection of current market value. The recent sale price is a far more relevant indicator.
2. Is the lot size a drawback?
The lot is smaller than the city average, but is quite standard for the Daniel McIntyre neighbourhood. This can mean lower maintenance and lower property taxes, which is a trade-off some buyers prefer. It suggests the home’s value is driven more by the structure and location than by land size.
3. What does the "above average" living area ranking mean?
While the home’s square footage is around the city average, it ranks in the top 22% on its own street. This means it offers more interior space than most direct neighbours, which can be a significant advantage in an older area where home sizes can vary widely.
4. The home is over 100 years old. What should I consider?
A 1914 build means character and likely solid construction, but it’s essential to have a thorough inspection. Focus on the condition of major systems (roof, plumbing, electrical, foundation) and the quality of the basement renovation to ensure it was done properly with permits.
5. Who are the typical buyers in this area?
Daniel McIntyre attracts a diverse mix, including young professionals, first-time homebuyers, and long-term residents. The appeal is often its central location, mature tree-lined streets, and more affordable entry point into Winnipeg’s inner-city compared to some adjacent neighbourhoods.