Property Overview
This one-storey home on Ingersoll Street presents a specific and compelling opportunity. Its key characteristic is its compact size, with a living area of 584 sqft that places it among the smallest homes in its immediate area, neighbourhood, and city-wide. This is balanced by a renovated basement and a detached garage. The lot is a standard city size for the Daniel McIntyre area at 2,336 sqft. Notably, the home was built in 1943, making it newer than many of its local peers. Its municipal assessed value is modest at $18,500, which is below average for the street but typical for the broader neighbourhood.
The appeal lies in its efficiency and potential as an affordable entry point into a central Winnipeg neighbourhood. It suits a minimalist buyer, a first-time investor looking for a manageable rental property, or someone seeking a low-maintenance footprint without sacrificing the benefits of a detached home with a garage. A thoughtful perspective is that its smaller scale can mean significantly lower utility costs and less time spent on upkeep, offering a different kind of value beyond the price per square foot. The recent renovation of the basement also suggests immediate livability and the potential for a mortgage helper or separate living space.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
This is a compact, one-storey bungalow. Homes of this size and era were often built for practicality and are now relatively rare, which can appeal to those seeking an efficient, low-maintenance living space.
2. How can the assessed value be so different from the recent sale price?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using a different methodology. The sale price of $230,000 in January 2025 reflects the current market conditions, buyer demand, and the home's renovated state.
3. What does the "newer" year built mean for a home from 1943?
While 1943 is not new, it is newer than many surrounding homes in Daniel McIntyre, where averages are from the 1920s. This could imply updated construction methods for its time and potentially less wear-and-tear than some century-old neighbours.
4. Is the detached garage a standard feature here?
A detached garage on a lot of this size is a valuable asset in this neighbourhood, offering storage or workshop space that many similar homes may lack, especially given the compact living area of the house itself.
5. Who would this property not suit?
It would likely not suit a growing family needing multiple bedrooms or ample indoor living space, or a buyer who prioritizes a large yard for extensive gardening or recreation, as the lot is also below average in size for the city.