Property Overview: 1031 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre is a practical, character property built in 1912. Its key features include a renovated basement and a detached garage. With 936 sqft of living space, it sits around the average for its immediate street and neighborhood, offering a comfortable footprint without being oversized. The lot is compact at 2,309 sqft, typical for the area’s established streets.
The appeal lies in its position as a well-situated, manageable home. The assessed value is notably above average for both Ingersoll Street and the wider Daniel McIntyre neighborhood, which can indicate a history of updates or a premium for its specific location. The recent sale in late 2022 at $23.80k suggests a stable market. This home would suit first-time buyers or downsizers looking for a lower-maintenance property with classic charm in a central Winnipeg community. It’s a straightforward option for someone prioritizing location and character over square footage or a large yard.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm its permitted use with the city and review the renovations for proper permits and compliance with building codes.
2. How does the assessed value compare to the likely market price?
The assessed value ($25.50k) is for municipal tax purposes and is typically lower than market value. The more relevant figure is the December 2022 sale price of $23.80k, which gives a clearer picture of recent market value.
3. What are the implications of the smaller lot size?
At 2,309 sqft, the lot is below average in size. This often means lower exterior maintenance and costs, but it also limits potential for expansions, additions, or extensive landscaping. It’s a trade-off that contributes to a lower-maintenance lifestyle.
4. The home is over 110 years old. What should I check?
While the basement has been renovated, a pre-purchase inspection is crucial to examine the condition of core elements common in century-old homes: the foundation, original plumbing and electrical systems, roof, and insulation.
5. Why is the assessed value ranked so high for the neighborhood?
An assessed value ranking in the top 12% for Daniel McIntyre suggests the city’s valuation model sees this property as above the neighborhood norm. This can be due to factors like the basement renovation, overall condition, or specific location on the street, but it also means property taxes will be relative to that higher assessment.