Property Overview: 1025 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre is a character property with a practical foundation. Built in 1914, it offers 1,232 sqft of living space, which is notably above average for its immediate street and neighbourhood. A key feature is the renovated basement, adding functional living area. The home sits on a modest, city-typical lot and includes a detached garage.
Its primary appeal lies in its strong positioning within the local context. The assessed value ranks in the top 10% for both the street and the broader Daniel McIntyre area, suggesting it is viewed as a well-maintained or improved property among its peers. This, combined with the renovated basement, indicates a home that has been updated for modern living while retaining its historic charm. The sale history shows a significant price increase between 2021 and the present assessment, hinting at a trajectory of growing value in this location.
This property would suit a buyer looking for a character home in a central Winnipeg neighbourhood who values space and some updates over a large yard. It’s ideal for someone who appreciates a home that stands out positively in its immediate community in terms of size and assessed value, and who doesn’t mind the maintenance considerations of an older home. The detached garage is a plus for those needing workshop space or secure storage.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking locally actually mean?
It indicates that, compared to similar homes on Ingersoll Street and in Daniel McIntyre, this property is officially valued in the top tier (top 8% and 6%, respectively). This often reflects factors like renovations, condition, or desirable features not captured in basic square footage.
2. Are there any concerns with the lot size?
The land area is smaller than most in the city and neighbourhood. This means less private outdoor space but typically lower maintenance. It’s a trade-off that prioritizes the home itself and may contribute to a more community-oriented, streetscape feel.
3. What is a "one-and-three-quarter" storey design?
Common in homes of this era, it typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with full-height walls and others with sloped ceilings or dormers. It adds character but can affect furniture placement in upstairs rooms.
4. The home sold in 2021; what might explain the value change?
The significant increase from its 2021 sale price to its current assessed value could be due to the documented basement renovation, general market increases, and other improvements made by the current owners. It suggests active investment in the property.
5. How does the detached garage impact utility?
It provides valuable storage or workshop space separate from the house. In older neighbourhoods, it can be a significant asset, but be sure to assess its condition, as detached garages of this vintage may require upkeep.