Property Overview
This 878 sqft home, built in 1927, sits on a notably spacious 3,416 sqft lot on Ingersoll Street in Winnipeg's Minto neighbourhood. Its appeal is rooted in its strong position within its immediate context. While the living space is modest compared to the wider city, the property stands out on its street with an above-average assessed value and a lot size that ranks in the top 16% among nearby homes. This suggests a well-regarded property on a desirable street. It last sold for an estimated $250k–$300k in 2020.
The home would suit a first-time buyer or downsizer looking for a character home with a generous outdoor space in an established neighbourhood. It’s also a practical option for an investor seeking a stable, centrally-located property. The data indicates you are paying more for the location and land than for sheer interior volume, which appeals to those valuing lot potential and street-specific prestige over maximum square footage.
Frequently Asked Questions
How does the assessed value compare to likely market value?
The assessed value is for municipal tax purposes and is typically lower than market value. This home’s assessed value of $26.3k ranks highly on its street, indicating it is considered a premium property in its immediate area, which often correlates with a stronger market value.
What does the lot size mean for potential future plans?
At over 3,400 sqft, the lot is significantly larger than many on the street. This provides valuable flexibility for additions, a sizable garden, or outdoor living space that isn't always available with older homes, offering a tangible asset for future enjoyment or improvement.
Is the 878 sqft living area a concern?
It depends on your needs. The living area is average for the street and neighbourhood but below the city average. This is a compact, character home suited for efficient living. The trade-off is the larger lot, a common feature of older areas where outdoor space was prioritized.
The home is nearly 100 years old. What should I consider?
A home of this age will have character but requires diligent inspection. Focus on the condition of major updated systems (roof, wiring, plumbing, foundation) rather than just the age itself. Its average age for the area means local trades are likely familiar with homes of this vintage.
Why is there only a sold price range from 2020?
Exact sale prices in Manitoba are not publicly posted online. The provided range is an estimate based on available data. To obtain the precise historical sale price, you must request it directly from the listing service, which manually confirms and provides this information.