664 Ingersoll Street

Property Overview: 664 Ingersoll Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot size. Built in 1930, the 1,099 sqft house sits on a 4,774 sqft parcel of land, which is exceptionally large for its immediate area—ranking in the top 1% on Ingersoll Street. This offers significant outdoor space and potential not commonly found in the neighbourhood. The living area is comfortably above average for the street, while the assessed value is modest, suggesting a lower property tax burden relative to many city-wide properties.

The primary appeal lies in this land-to-value ratio. It suits a practical buyer who values space and potential over turn-key luxury. This could be a first-time homeowner willing to update an older home, a buyer looking for a large garden or expansion possibilities, or an investor who sees value in the substantial lot. It’s a property for those who view the land as the lasting asset and the existing structure as a solid foundation to build upon.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the last sold price range?
Assessed value for tax purposes is often lower than market value and can lag behind recent sale prices, especially in a changing market. The sold price reflects what a buyer was willing to pay, while the assessment is an administrative valuation.

2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than 99% of the 445 comparable properties on Ingersoll Street. You are getting significantly more outdoor space than the typical home on this block.

3. As a 96-year-old home, what should I be prepared for?
While the data shows it's newer than many on its street, a home from this era likely has original or older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is crucial to budget for necessary updates or maintenance.

4. The city-wide rankings for Year Built and Value seem low. Is that a concern?
Not necessarily. It primarily indicates that newer homes and higher-valued properties exist elsewhere in Winnipeg. This reflects the character of the established Minto neighbourhood and contributes to the home's relative affordability.

5. How reliable are the provided sold price ranges?
The ranges are based on available public data. For the exact historical sold price, you must request it via email from the service, as land title records in Manitoba are not freely published online. This is a standard practice for accurate price history in the province.