Property Overview
This 758 sqft home, built in 1924, sits on a 2,387 sqft lot at 666 Ingersoll Street in Winnipeg's Minto neighbourhood. Its key appeal lies in its position as an affordable, no-frills entry point into the housing market. The home is notably compact, ranking in the smaller 20% of homes on its own street, which suggests a focus on efficiency over space. However, its assessed value is around the neighbourhood average, indicating the land and location hold steady worth. Recent sale history shows significant price appreciation, with the 2024 sale in the $250k-$300k range performing much better relative to peers than previous sales. This points to a property whose value is being recognized or repositioned in the market.
The home would suit first-time buyers or investors seeking a lower-cost footprint with renovation potential. Its manageable size and lot offer a simpler maintenance profile. A thoughtful perspective is that its smaller scale, while a compromise on space, aligns with a minimalist or efficient lifestyle and presents a clearer, more manageable renovation project compared to a larger, aging home. The data suggests you are buying a solidly average property for the immediate area, which can be a strategic, lower-risk entry in a volatile market.
Frequently Asked Questions
1. Is this a small house?
Yes. At 758 sqft, its living area is below average for its street, the broader Minto area, and Winnipeg overall. It is a compact, character-home layout typical of its 1924 construction era.
2. What does the sale history tell us?
The home sold in 2016 and 2020 in the $150k-$200k range, performing in the bottom tiers compared to peers. Its 2024 sale at $250k-$300k performed significantly better (top 21% on its street). This indicates a notable shift in its market valuation, possibly due to updates, market trends, or renewed buyer interest in the location.
3. Who is the typical buyer for a home like this?
This property is most suited to first-time homebuyers prioritizing entry into the market, budget-conscious investors, or individuals seeking a minimalist, low-maintenance living space. Its scale makes it less ideal for growing families needing multiple bedrooms or ample living space.
4. How does the assessed value compare?
The assessed value of $23,900 is around the average for Ingersoll Street and the Minto neighbourhood. City-wide, it's below average, reflecting the home's smaller size and older age compared to the Winnipeg average. The assessment suggests the value is anchored in its specific local context rather than city-wide benchmarks.
5. What are the less obvious considerations?
Consider that a home of this age and size likely has original features and systems, which could mean charm but also potential upgrade costs. The lot size, while below the city average, is fairly typical for the area and offers modest outdoor space. The dramatic improvement in its sale price ranking by 2024 suggests the market is catching up to its potential, but it also means you may be buying after a significant recent price jump.