Property Overview: 985 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Daniel McIntyre presents a practical and straightforward opportunity. With 854 sqft of living space and a renovated basement, it offers functional living on a standard city lot. Built in 1931, it is a newer construction compared to many homes in its immediate area and neighbourhood, which may suggest fewer concerns related to the very oldest building systems.
The primary appeal lies in its position as a relative benchmark property. Its assessed value and living area are consistently around the average for its own street and the Daniel McIntyre neighbourhood, indicating it is a typical, no-surprises offering in this community. It suits first-time buyers or practical investors seeking an entry point into the Winnipeg market without extreme outliers in size, value, or age. The renovated basement adds flexible space, a valuable asset in a smaller-footprint home. A thoughtful perspective is that its "averageness" within the local context can be a strength, providing stability and predictability in terms of municipal valuation and peer comparisons, which is not always the case with more unique properties.
Section 2: Frequently Asked Questions
1. Is the home smaller than average?
While its living area is below the citywide average, it is much closer to the norm for its specific street and neighbourhood. For the Daniel McIntyre area, its size is fairly typical.
2. What does the assessed value indicate?
The assessed value is not a market price but a municipal valuation for tax purposes. At $21,900, it is very typical for similar homes on Ingersoll Street and in the broader neighbourhood, suggesting the city views it as a standard property for the area.
3. How does the year built affect the home?
Built in 1931, it is actually newer than many neighbouring homes. This relative age advantage could mean some core components have had fewer decades of wear than older area counterparts.
4. What is the potential based on nearby sales?
A nearby, similarly valued home on Lipton Street sold for $19,900 in early 2017. This provides a historical benchmark, but current market conditions must be evaluated for today's value.
5. Who might this property not suit?
Buyers seeking a large lot, above-average square footage for the city, or a modern-build home may find this property too constrained. It best fits those whose priorities align with neighbourhood-specific averages.