Property Overview
This two-storey home on Ingersoll Street presents a classic Winnipeg character property built in 1914. With 1,216 sqft of living space and a detached garage, it sits on a 2,342 sqft lot in the Daniel McIntyre neighbourhood. The home's appeal lies in its established location and its strong relative value within the immediate area. Its living space is notably above average for the street, and its assessed value ranks well above the neighbourhood average, suggesting a solid foundation for the price. The basement is noted as unrenovated, indicating an opportunity for customization. This property would suit a buyer looking for a character home in a central neighbourhood who is comfortable with a home of this vintage and sees potential in personalizing the space over time. It’s a practical choice for someone prioritizing location and value over a modern, turn-key property.
Key Considerations & FAQs
1. What is the significance of the assessed value being "above average" for the neighbourhood?
This indicates that, according to municipal assessment, this property holds a higher value relative to many other homes in Daniel McIntyre. It can signal a well-regarded location on the street or a property with inherent desirable traits, though it's important to compare this to current market prices.
2. The lot size is noted as "below average" at multiple levels. Is this a major drawback?
While the lot is smaller than many, this is typical for central, established neighbourhoods. It translates to less yard maintenance and can be a benefit for those seeking a lower-upkeep property. The trade-off is often greater proximity to amenities and a more community-focused street feel.
3. The home was last sold in 2017. What should I consider?
A sale seven years ago suggests the current sellers have had a stable ownership period. It’s wise to investigate what updates or maintenance have been undertaken during that time, as major systems (roof, heating, plumbing) in a 110-year-old home may need attention or may have been recently addressed.
4. How should I interpret the "unrenovated" basement?
This means the basement space is in its original or functional state, not modernized. It presents both a cost consideration for finishing and a blank canvas to tailor to your needs, whether for storage, utility, or future living space, subject to local building codes.
5. The home ranks "below average" citywide for year built and lot size. Does this matter?
This is primarily a contextual point. City-wide averages include vast suburban areas with newer homes on larger lots. This comparison highlights that you are considering an urban, character-home lifestyle, which is inherently different from a newer suburban property. The value is in the neighbourhood and the home's character, not in competing with city-wide norms.