Property Overview
This 796 sqft condo at 2-1127 Ingersoll Street presents a specific and practical value proposition. Its key appeal lies in being a well-situated, low-maintenance unit within a mature building in the Daniel McIntyre neighbourhood. The data suggests it is a property defined more by its functional and financial accessibility than by luxury or size.
Key Characteristics & Suitability
The unit’s primary characteristics are its modest but efficient living space, its very low property tax base due to the assessed value of $15,500, and its building age (constructed in 1960). Its appeal is grounded in affordability and location. It ranks well within its immediate area—its living space is above average for both its street and neighbourhood, and it is one of the newer builds in historic Daniel McIntyre. This indicates it may offer a more modern layout compared to many area homes, but with older-building character.
This property would suit a specific type of buyer: a first-time purchaser, an investor, or a downsizer seeking minimal upkeep. It’s for someone whose priority is a cost-effective entry into homeownership in a central Winnipeg neighbourhood, with property taxes that are a fraction of the citywide average. A less obvious perspective is that, while its citywide rankings for size and value are below average, this precisely underscores its role as an affordable urban foothold. It represents a trade-off—sacrificing square footage and newer amenities for financial breathing room and location.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. A critical next step would be to obtain the condo corporation’s financial statements and bylaws to understand the fee structure, reserve fund status, and what utilities or services (e.g., water, building insurance, exterior maintenance) are included.
2. Why is the assessed value so much lower than typical city homes?
The assessed value of $15,500 is typical for a condo unit of this size and age in this area. It reflects the value of the individual unit, not the land or the entire building. This results in significantly lower property taxes compared to a single-family home.
3. How does the building’s age (1960) affect the unit?
While the building is older, the unit is one of the newer in the historic Daniel McIntyre neighbourhood. Older buildings can have character and solid construction, but potential buyers should pay close attention to the condition of major building systems (roof, plumbing, windows) and the health of the condo reserve fund for future repairs.
4. The unit sold recently in May 2024. What does this mean?
The recent sale indicates active market interest. A buyer should investigate why it was sold again so quickly—whether it was an investment flip, a personal circumstance change, or something else. A review of the listing history and a thorough inspection are advisable.
5. What is the parking situation?
The data does not specify parking. In a central neighbourhood with a multi-unit building, this is a key practical question. You would need to confirm if there is a dedicated spot, street parking only, or a permit system, and what the associated costs or limitations are.