Property Overview: 732 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1931, presents a compelling opportunity in Winnipeg's Minto neighbourhood. Its primary appeal lies in offering above-average space for the immediate area. With 1,246 sqft of living area, it ranks within the top 14% of homes on Ingersoll Street and the top 24% within Minto, providing more interior room than many neighbouring properties. The lot size of 3,092 sqft is also solid for the locale. A key, less obvious perspective is its financial positioning: while its assessed value is modest compared to the city-wide average, it is above average for its own street. This suggests it may represent a value-conscious entry point into a stable, established streetscape without the premium of a newer or larger-city-lot home.
This property would suit a practical, value-oriented buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize within a community setting. It’s for those who prioritize functional interior space and a standard city lot over a brand-new build or a sprawling property. The data indicates it’s a home that stands out on its own block for its size and relative value, making it a sensible choice for someone rooted in neighbourhood comparisons rather than city-wide benchmarks.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home’s assessed value of $25,300 is above average for Ingersoll Street. The last recorded sale was between $200k-$250k in 2017, which is a more relevant indicator for current market expectations.
2. What does the "above average" living area ranking mean practically?
It means this home offers more interior space than most houses directly on Ingersoll Street and in the broader Minto area. You are getting a sizeable footprint compared to local peers, which could mean more room for living, storage, or potential updates.
3. Are there concerns with a home built in 1931?
As with any home of this age, the condition of major systems (roof, plumbing, wiring, foundation) and the presence of older materials like lead paint or asbestos should be evaluated during an inspection. However, its build year is actually newer than the average on its street, which can be a positive.
4. Why is the city-wide ranking for value and lot size so much lower?
This highlights the neighbourhood's character. Minto features older, more modestly sized lots and homes compared to newer suburban developments. The city-wide average is skewed by newer, larger, and more expensive properties on bigger lots in other areas. This home is typical of its established urban community.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request the exact sold price history by emailing the provided service, which manually retrieves and shares that data.