Property Overview: 738 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its desirable lot and location within the Minto neighborhood. Built in 1930, the 779 sqft house sits on a larger-than-average 3,092 sqft lot for its street. The data reveals a compelling contrast: while the living space is modest compared to city-wide averages, the property’s assessed value of $280k ranks in the top 9% on its own street and the top 23% in the Minto area. This suggests the value is driven more by its land and location than by the size of the home itself.
Its appeal lies in offering an entry point into a mature neighborhood with a solid, useful parcel of land. It last sold between $300k-$350k in 2022. This property would suit a first-time buyer or an investor looking for a character home with renovation potential, where the value of the lot provides a stable foundation. It’s also a practical fit for someone seeking a lower-maintenance exterior due to the manageable lot size, while still having room for a garden or addition. A less obvious perspective is that a home of this vintage on a good lot can represent a "blank canvas" opportunity in an area where newer builds might be scarce, allowing for personalized updates over time.
Section 2: Frequently Asked Questions
1. Is the house small compared to others?
Yes. At 779 sqft, the living area is below the average for the Minto area (1,060 sqft) and significantly below the Winnipeg city-wide average. It is a compact, character home.
2. Why is the assessed value relatively high for a smaller home?
The assessed value ranks highly for its immediate area because it reflects more than just the house. The valuation accounts for the desirable lot size (which is above average for the street) and the location within the established Minto neighborhood.
3. What is the potential for expansion or renovation?
The 1930s build and the larger lot size (3,092 sqft) could provide a foundation for future expansions, such as an addition or a major renovation, subject to local zoning and permit approvals.
4. How does the last sale price relate to the current assessed value?
The property sold for an estimated $300k-$350k in 2022. The current assessed value of $280k is in a reasonable range below that sale price, which is typical as assessed values for taxation purposes often lag behind market sale prices.
5. Where can I see more details about the neighborhood and nearby properties?
You can use the provided link to open a detailed neighbourhood analysis map. This tool allows you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.