Property Summary: 724 Ingersoll Street, Winnipeg
Key Characteristics & Appeal
This 900 sqft home, built in 1927, sits on a generous 3,093 sqft lot in the Minto neighbourhood. Its primary appeal lies in its strong positioning within its immediate context. While its size is modest compared to the wider city, it stands out locally with an assessed value ($27,400) that ranks well above average for Ingersoll Street and the broader Minto area. This suggests a property that is well-maintained or offers features valued in its specific locale. Recent sale history indicates steady market interest.
The home suits practical, value-conscious buyers looking for a character home in an established neighbourhood. It’s ideal for a first-time buyer, an investor, or someone seeking a manageable property with a decent-sized yard without the premium of a newer, larger suburban home. A thoughtful perspective is that this property represents a "best-in-class" option on its block—offering more lot space and a higher assessed value than many direct neighbours, which could translate to better curb appeal or interior condition. Its century-old age means charm and potential heritage, but also calls for a buyer comfortable with the maintenance and update cycle of an older home.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is in the top 12% on Ingersoll Street and the top 28% in the Minto area, indicating it is valued higher than many comparable neighbouring properties.
2. What does the sale history tell us?
The property sold between $250k-$300k in 2023 and between $200k-$250k in 2019, showing appreciation over that period and consistent market activity.
3. Is the living space small?
At 900 sqft, it is slightly below the average for the Minto area (~1,060 sqft) and more compact than the Winnipeg city average. It offers efficient, manageable space typical of its era.
4. What are the implications of the lot size?
The 3,093 sqft lot is larger than the average on Ingersoll Street, providing more outdoor space than many immediate neighbours—a potential advantage for gardening, expansion, or simply having more privacy.
5. Where can I see more detailed comparisons?
You can open the neighbourhood analysis page to view this property on a map alongside nearby homes, comparing details like year built, living area, assessed value, and lot size.