Property Overview
This one-and-a-half storey home on Ingersoll Street presents a compelling opportunity in Winnipeg's Daniel McIntyre neighbourhood. Built in 1943, it features 1,337 sqft of living space and a renovated basement, situated on a notably generous 3,728 sqft lot with a detached garage. Its recent sale in late 2022 provides a clear, contemporary price benchmark.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positioning within its immediate context. It stands out on its street and in Daniel McIntyre for its above-average living space, lot size, and assessed value relative to local peers. This suggests a home that offers more room and potential than many in the area. The renovated basement adds functional living space, a valuable asset in a character home.
It would suit a practical buyer looking for a established neighbourhood with a sense of community. This buyer values space and land over a brand-new build and is likely comfortable with the upkeep of a home from the 1940s. It’s a solid choice for someone seeking a home that is competitively sized within its locale, potentially offering better value here than in a direct city-wide comparison where its metrics appear more average. The large lot is a standout feature, offering rare outdoor space for the area and future potential.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $25,300 but sold for $250,000 in October 2022. This large difference is typical, as municipal assessed value is used for tax purposes and often lags behind market value, which is determined by recent sales of comparable homes.
2. Is the lot size a significant advantage?
Yes. At 3,728 sqft, the lot ranks in the top 10% for size within Daniel McIntyre. This provides more private outdoor space than most neighbouring properties and could allow for future additions like a garden, shed, or deck, subject to local bylaws.
3. What does "above average for the street/area" really mean for a buyer?
It means that compared to its closest neighbours—homes on Ingersoll Street and in Daniel McIntyre—this property offers more living space and land. This can translate to better livability and potentially stronger value retention within this specific market, even if city-wide metrics seem modest.
4. What should I consider about a home built in 1943?
While the basement has been renovated, the core structure is over 80 years old. Prospective buyers should budget for potential updates to major aging components like the roof, plumbing, or electrical systems, and consider an inspection to evaluate the condition.
5. How does the detached garage affect the property?
A detached garage provides valuable storage or workshop space and keeps vehicles off the street. However, it may be less convenient than an attached garage during Winnipeg winters, and its condition and potential need for repair should be factored in.