Property Overview: 1029 Ingersoll Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1914. With 1,228 sqft of living space, it offers above-average roominess for both its immediate street and the neighbourhood, providing more interior space than many comparable homes. It features a detached garage and a full, unrenovated basement, presenting a blank canvas for finishing. The lot, while smaller than area averages at 2,309 sqft, is typical for the inner-city and offers manageable outdoor maintenance.

The primary appeal lies in its value proposition within a well-established community. Its assessed value is notably below the citywide average, which can translate to lower property taxes, while the sale history suggests potential for equity growth. This property suits practical first-time homebuyers or investors who appreciate character homes and are prepared for a project. The unrenovated basement and older systems mean the home is ideal for someone looking to customize over time, rather than a buyer seeking immediate, move-in perfection. A less obvious advantage is its older construction date relative to the city; in this neighbourhood, it actually ranks above average, suggesting it fits the historic fabric of the area and may be built with materials and craftsmanship from that era.

Section 2: Frequently Asked Questions

1. What does "above average" for living area actually mean?
In this case, it means the home's interior square footage is larger than 83% of similar properties on Ingersoll Street and 67% of those in the Daniel McIntyre neighbourhood, offering more space than you might typically find in this price bracket.

2. Why is the assessed value so much lower than the city average?
Assessed value for property taxes is not the same as market value. This assessment reflects the provincial valuation formula, which is influenced by the home's age, specific location, and lot size. A lower assessment often results in a lower annual property tax bill.

3. Is the unrenovated basement a major concern?
It represents both a consideration and an opportunity. It will require inspection for moisture and foundational integrity. However, it also provides significant potential for adding finished living space, storage, or utilities to suit a new owner's needs without the cost of undoing a previous renovation.

4. Who would the smaller lot size suit best?
The smaller, manageable lot is ideal for buyers who want a private outdoor space but prefer to spend less time and money on yard maintenance. It could also appeal to someone who prioritizes being within walking distance of inner-city amenities over having a large garden.

5. How does the 1914 build date affect the home?
It confirms this is a true character home, likely with solid construction. Buyers should budget for proactive maintenance and potential updates to older components like wiring or plumbing. The age also means the home may not be as energy-efficient as a modern build, so utility costs and potential upgrades should be considered.