Property Summary: 496 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 496 Ingersoll Street in the Minto neighbourhood presents a classic Winnipeg character home built in 1929. Its key appeal lies in its strong positioning within its immediate area. With 880 sqft of living space, it offers a manageable footprint for a smaller household. The lot size of 3,101 sqft is notably above average for Ingersoll Street, providing valuable outdoor space that is a premium in older neighbourhoods.
The data reveals a thoughtful perspective: while the home is below the city-wide averages for size and assessed value, it performs very well within its own streetscape and community. Its assessed value ranks in the top 19% on Ingersoll Street, and its lot size and newer build year (compared to street averages) also rank above the median. This suggests a property that is a solid, established performer in its specific context rather than a city-wide standout.
This property would best suit a first-time homebuyer, an investor, or a downsizer looking for a character home in a mature neighbourhood without an overwhelming maintenance burden. It’s for someone who values a larger lot and a sense of community history over modern, expansive square footage. The recent sale history (last sold between 2019-2025) indicates it has been a viable and marketable property in the current era.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
Assessed value for municipal tax purposes is often different from market value. While this home’s assessment is strong for its street, a professional appraisal or comparative market analysis is necessary to determine its current selling price.
2. What are the implications of a 97-year-old home?
A home of this age offers charm and established landscaping but requires diligent inspection. Key focus areas should include the foundation, roof, wiring, plumbing, and insulation to understand any needed updates or maintenance costs.
3. The living area is below city average. Is the space efficiently laid out?
At 880 sqft, efficient use of space is critical. Buyers should pay close attention to the floor plan during a viewing to see if the layout meets their daily needs, as older homes can sometimes have compartmentalized rooms versus open-concept designs.
4. The lot is larger than average for the street. What are the potential benefits?
A larger lot (3,101 sqft) provides more privacy, yard space for gardening or recreation, and potential for future additions like a shed, deck, or garage, subject to local zoning bylaws.
5. Where can I see more detailed context about the immediate neighbourhood?
For a precise analysis of how this property compares to its direct neighbours in terms of year built, size, and value, you can use the provided link to open the dedicated neighbourhood map analysis page.