Property Overview: 1039 Ingersoll Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Daniel McIntyre presents a compelling mix of space, value, and potential. Its key characteristic is an exceptionally large lot—over 4,600 sqft—which ranks in the top 3% for both the street and the neighbourhood. This provides rare outdoor space for gardens, recreation, or future expansion in a central area. The living area (1,044 sqft) is comfortably above average for the immediate vicinity, and the home features a renovated basement and a detached garage.

The appeal lies in its strong value proposition within its established community. While the home itself is from 1946, its assessed value is notably high for the local area (top 5-7%), suggesting desirable attributes or updates not fully captured in the basic metrics. It suits practical buyers looking for a solid entry into the Winnipeg market who prioritize land size over a new build, as well as visionaries who see the potential in a large lot close to the city’s core. It’s a property for someone who values outdoor privacy and sees the long-term worth in a neighbourhood where the land itself is a significant asset.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to neighbouring homes?
The assessment ranks in the top 5% for Daniel McIntyre, which often reflects factors like the renovated basement, the premium lot size, and overall property condition compared to immediate peers. It indicates the property is considered well above average for its specific location.

2. What does the large lot size mean for me?
Beyond a spacious yard, a lot of this scale (top 3% in the area) offers uncommon flexibility. It provides ample room for gardening, adding a deck or shed, and future possibilities like an addition, always subject to city zoning bylaws.

3. How does the recent sale price compare to the assessment?
The home sold for $32,500 in October 2024, which is notably higher than its $28,500 assessed value. This suggests a competitive market where buyer demand exceeded the city’s valuation for this particular property.

4. Is the older age of the home (1946) a concern?
While the building is older, its year is actually newer than most on the street and in the neighbourhood (ranking in the top 6-11% locally). This suggests it may be among the more recent builds in the area. As with any older home, a thorough inspection is recommended to understand the condition of major systems.

5. How does this property fit within the wider Winnipeg market?
Citywide, this home offers a different value profile. Its assessed value and lot size are around or below the city average, while its living space is slightly below. This highlights its primary appeal as a strong neighbourhood play—offering standout features within Daniel McIntyre that may not be as rare in newer suburban areas.