Property Overview
This one-and-three-quarter storey home on Ingersoll Street, built in 1914, presents a practical opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 1,158 square feet of living space, it offers more room than many similar homes on its street. Its appeal lies in its position as a solid, no-frills property with a functional layout and a basement (not renovated), suited for those comfortable with a home of this vintage. The lot, while smaller than area averages, provides manageable outdoor space without excessive upkeep.
This property would suit a first-time buyer or an investor looking for an entry point into the market with a character home. It’s also a match for buyers who prioritize location and square footage over modern finishes and who see potential in a property that hasn't been recently renovated. The notably low assessed value, especially compared to the city-wide average, suggests a property that is financially accessible but may come with corresponding considerations regarding condition or updates needed.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This is common for older, compact homes on smaller lots in established central neighbourhoods. The assessment reflects factors like the home's age, size, and the specific market values in Daniel McIntyre compared to newer or larger properties in suburban areas.
2. What does "one & 3/4 storey" mean for the layout?
Typically, this style features two full floors, with the top floor having slightly sloped ceilings or dormers where the roof line cuts into the living space, creating cozy bedrooms or offices. It's a classic design for homes of this era.
3. The home sold for $15.7k in 2020, but the assessed value is now $19.2k. What does this indicate?
The 2020 sale price appears to be a nominal or non-arms-length transaction, not reflecting a typical market sale. The current assessed value is the relevant figure for municipal taxes and provides a more realistic, though still low, baseline of the property's official valuation.
4. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished space common in century-old homes. It likely has concrete walls and floors, housing the furnace and utilities, and may have limited ceiling height. It offers storage and mechanical space but not modern living quarters.
5. How does the smaller lot size impact living here?
The 2,333 sqft lot means lower maintenance and yard work, which can be a benefit for busy owners. However, it also means limited space for additions, large decks, or extensive landscaping, so it's best for those who prefer a more contained outdoor area.