Property Overview

873 Ingersoll Street is a compact, one-storey home with a renovated basement and a detached garage, situated in Winnipeg's Daniel McIntyre neighbourhood. Built in 1930, its 809 sqft living space is modest, ranking it above average in age for the local area but below average in size compared to both the immediate street and the wider city. The lot is a manageable 2,336 sqft. A key point of interest is its assessed value of $22,900, which is notably above average for Daniel McIntyre, suggesting the property is viewed favorably within its specific neighbourhood context despite its smaller footprint. It last sold in August 2021 for $26,700.

Key Characteristics & Appeal

This home’s primary appeal lies in its efficiency and location. It represents a practical entry point into the Winnipeg market, particularly for first-time buyers, downsizers, or investors seeking a manageable property. The renovated basement adds functional living space, a valuable asset in a smaller home. Its above-average assessment for the neighbourhood hints at perceived stability or desirability on this specific street. The detached garage is a significant practical benefit in a city with harsh winters.

The property would suit buyers who prioritize low-maintenance living and location over sheer square footage. It’s a home for those comfortable with a cozy layout, who may value character and the established feel of an older, central community like Daniel McIntyre. A thoughtful perspective is that this property exemplifies "right-sizing": it offers just enough space for essentials without the burden and cost of heating, maintaining, and furnishing unused rooms. Its appeal is utilitarian and financial rather than based on grandeur.

Frequently Asked Questions

1. Is this a good investment property?
Given its low assessed value and recent sale price, it presents a relatively low barrier to entry for an investor. The renovated basement could support a rental suite (subject to zoning and licensing), potentially improving cash flow. Its above-average assessment in the neighbourhood is a positive indicator for local value retention.

2. How does the small living area compare to nearby homes?
At 809 sqft, the living area is smaller than the average home on Ingersoll Street (~968 sqft) and significantly smaller than the Winnipeg city average (~1,342 sqft). This emphasizes its role as a compact, efficient dwelling rather than a family-sized home.

3. What does the assessed value tell me?
The $22,900 assessment is high for Daniel McIntyre (top 24%), meaning it's valued more than 76% of comparable properties in the neighbourhood. This could reflect the renovated basement, the specific street appeal, or lot attributes. However, it remains well below the citywide average assessed value.

4. What are the implications of the older age of the home?
Built in 1930, the home is older than 83% of properties citywide but is actually newer than most on its street and in Daniel McIntyre. While this suggests a potentially more established structure, it is crucial to have thorough inspections for foundational integrity, wiring, and plumbing common to homes of this era.

5. How does the lot size impact potential?
The 2,336 sqft lot is smaller than most in the area, limiting potential for large additions or extensive landscaping. However, it translates to less yard maintenance. Any future expansion would need to carefully consider setback requirements and the existing footprint.