Property Overview: 516 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 516 Ingersoll Street in the Minto neighbourhood is a classic Winnipeg property, built in 1928. With 1,005 square feet of living space, it offers a practical footprint that is very typical for its immediate street and area, making it a representative example of the local housing stock. The lot size of 3,101 square feet is a notable feature, ranking above average for Ingersoll Street itself, which suggests a more generous outdoor space than many of its direct neighbours.
The appeal lies in its established location and its consistency within the local market. The data shows it is not an outlier; its assessed value and living area are squarely in the middle of the pack for Minto and on its own street. This can be reassuring for buyers seeking a home in a mature neighbourhood without unexpected premiums or compromises. It suits a first-time homebuyer or a practical investor looking for a character home with a solid lot size, who values neighbourhood character over new construction and is prepared for the maintenance that comes with a near-century-old home. A thoughtful perspective is that its "average" metrics within its immediate context could indicate stability and predictability, rather than standing out for extreme size or value.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
Within the Minto area and specifically on Ingersoll Street, this home is very typical. Its living space, age, and assessed value all rank close to the median for comparable local properties, meaning it is a good benchmark for the neighbourhood.
2. What is the significance of the lot size?
The land area of 3,101 sqft is a relative strength. It places in the top 29% on Ingersoll Street, meaning the yard is likely larger than many immediate neighbours, offering more private outdoor space.
3. What can the past sale price tell me?
The home sold between $250,000 and $300,000 in 2021. That price was in the top 10% for sales on Ingersoll Street at the time, indicating it was a strong performer relative to its direct peers in that market.
4. Why is the city-wide comparison so different?
The home appears "below average" in city-wide rankings because these comparisons include much newer suburban developments with larger homes on bigger lots. This highlights the difference between established central neighbourhoods and newer city areas.
5. What should I consider due to the home's age?
Built in 1928, the home is 98 years old. Potential buyers should budget for and investigate updates to major aging components like the roof, plumbing, electrical, and insulation, which may not meet modern efficiency standards.