Property Overview: 560 Ingersoll Street, Winnipeg
Key Characteristics & Appeal
This 1928 home in the Minto neighbourhood presents a practical, no-frills opportunity. With 801 square feet of living space, it is notably compact, ranking in the smaller third of homes both on its street and in the wider city. This scale is a defining characteristic, suggesting a property suited for efficient, low-maintenance living rather than expansive family life.
Its primary appeal lies in its financial profile and lot size. The home’s assessed value of $25,600 is above average for Ingersoll Street, indicating it may be in better condition or have more desirable attributes than its immediate neighbours. Coupled with a 3,054 sqft lot that is standard for the area, it offers a balance of a manageable house on a decent parcel of land. The property last sold in the $200k-$250k range in 2023, positioning it as an accessible entry point into the market.
This home would best suit a first-time buyer, an investor, or a downsizer seeking an affordable, character-home foundation in a central location. Its modest size demands creative use of space, appealing to those who value location and lot potential over immediate square footage. A thoughtful perspective is that its "below average" size city-wide is precisely what creates its affordability, making it a strategic purchase for someone willing to trade space for opportunity.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($25,600) is for municipal tax purposes. The market value, reflected by the 2023 sale price of $200k-$250k, is what a buyer would actually pay. The large difference is normal for older homes in Winnipeg.
2. How does the home’s small size compare practically?
At 801 sqft, it is significantly smaller than the Winnipeg average (~1,342 sqft). This typically means fewer or smaller rooms, limited storage, and a need for efficient furniture layouts. It compares closely to nearby 319 Lipton Street (759 sqft).
3. What does the above-average assessed value for the street suggest?
Ranking in the top 22% on Ingersoll Street for assessed value suggests that, compared to its direct neighbours, this property is likely in better relative condition, has had more updates, or has features that the city assessor views favorably for tax calculation.
4. What are the implications of a 98-year-old home?
Built in 1928, the home will have character but likely requires diligent maintenance. Key systems like wiring, plumbing, and the foundation should be carefully inspected. Its age is typical for the Minto and St. Matthews areas.
5. How can I get the exact historical sale price?
The exact sold price is not publicly listed. As noted on the detail page, you can submit your email request to the site administrators to receive the precise figure manually, as they have access to this non-public data.