Property Overview: 492 Ingersoll Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1929, presents a classic Winnipeg character property with practical advantages. Its key appeal lies in its strong positioning within the immediate Minto neighbourhood. With 929 sqft of living space, it is competitively sized for the area. The lot, at just over 3,100 sqft, is notably larger than many on its street, offering above-average outdoor space potential for the location.
The assessed value suggests the property is well-regarded on its block, ranking above the street average. This indicates a perceived solidity or desirability specific to this pocket of Minto. A less obvious perspective is that a home of this vintage on a larger lot may offer more flexibility for updates or additions compared to tighter lots in newer subdivisions, subject to local bylaws.
This property would suit a first-time buyer or practical investor looking for an entry into the market with a home that has established roots and neighbourhood-relative value. It’s for someone who prioritizes the character and lot size of an older home over modern square footage, and who sees potential in a property that stands strong in its immediate context even if its metrics are more modest city-wide.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
Assessed value is for municipal tax purposes and is not a direct indicator of market value. However, its ranking—above average for the street—suggests the property’s official valuation is strong relative to its closest neighbours.
2. What does the sold price history indicate?
The last recorded sale was between 2016 and 2025 for an estimated $200k-$250k. For a precise sale price and date, you can request the information via email from the listing source.
3. Are there concerns with a house built in 1929?
While offering charm, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the foundation, plumbing, electrical, and insulation. The larger lot is a positive, but the building itself requires due diligence.
4. The living area is below the city average. Is the space practical?
At 929 sqft, it is smaller than the Winnipeg average but is typical and functional for the Minto area. The floor plan’s efficiency and the benefit of a larger lot can offset the modest interior square footage for many buyers.
5. What is the significance of the lot size being "above average" for the street?
A 3,101 sqft lot ranking in the top 29% on Ingersoll Street is a distinct advantage. It provides more private outdoor space, better potential for landscaping, parking, or storage, and may offer more natural light than homes on smaller, tighter lots.