Property Overview: 624 Ingersoll Street, Winnipeg
Key Characteristics & Appeal
This home at 624 Ingersoll Street in the Minto neighbourhood is a practical, early-20th century property that represents a straightforward entry point into Winnipeg’s housing market. Built in 1921, its 1,008 sqft living space is modest but competitive for the immediate street and area, offering a manageable footprint. The lot size of 2,442 sqft is typical for the street but smaller than many city-wide averages, suggesting a lower-maintenance yard.
The primary appeal lies in its relative affordability and positioning within its established community. With an assessed value significantly below the city average, it presents a clear value proposition for budget-conscious buyers. Its characteristics are consistently average or slightly below average for the broader Minto area and city, indicating it’s a standard home for its locale without premium features or size. This isn’t a standout luxury property, but a solid, no-frills option.
It would best suit first-time buyers or investors seeking a functional property without a high entry cost. Its manageable size and lot also appeal to those looking to minimize upkeep. A thoughtful perspective is that its very "averageness" on its street provides stability—it’s unlikely to be over-improved or an outlier, which can simplify both purchase and future resale in a neighbourhood of similar homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and reflects the property’s value relative to similar homes in its area. This assessment indicates that, compared to the average Winnipeg home, this property is more modest in size, lot, and likely amenities, which is common for its neighbourhood and era.
2. What does the "below average" city-wide ranking for land area mean for me?
While the lot is smaller than the Winnipeg average, it is much closer to the norm for the Minto neighbourhood. This typically translates to less exterior maintenance and lower landscaping costs, which can be an advantage for some buyers.
3. The home is over 100 years old. What should I consider?
A home from 1921 will likely have character but may also require careful inspection for aging infrastructure, such as plumbing, electrical, and the foundation. Budgeting for updates and maintenance is essential, though many homes of this age in Winnipeg have been steadily maintained.
4. How can I find out what this property previously sold for?
The listing indicates that exact sold price history is available by request via email from the service. Public data shown is often a range; the precise figure requires a manual lookup.
5. How does this home compare to its immediate neighbours?
The provided data shows it is very consistent with homes on Ingersoll Street in terms of living area, assessed value, year built, and land area. This suggests a streetscape of similar properties, providing a good benchmark for value and expectations.