Property Overview: 943 Ingersoll Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-and-a-half storey home in the Daniel McIntyre neighbourhood, built in 1913. With 1,081 square feet of living space, it offers a comfortable footprint that is quite typical for its street and area, providing a sense of proportion and manageable scale. The home features a basement, though it is noted as not being renovated, and does not include a garage or pool.

Its primary appeal lies in its established location and its position as a straightforward, no-frills property. The assessed value is notably higher than the area average for Daniel McIntyre, which can sometimes indicate a well-maintained structure or desirable lot specifics relative to immediate neighbours, despite the home's age. The lot, while smaller than city-wide averages, is a standard size for the central neighbourhood.

This property would suit a pragmatic first-time homebuyer or an investor looking for a character home in a central location without premium modern upgrades. It’s for someone comfortable with a home that has history and may require personalization, but who values being part of a long-standing community over newer suburban space. A thoughtful perspective is that its "average" metrics within the context of its own neighbourhood suggest it’s a stable, predictable offering rather than a standout bargain or a luxury project, which can be appealing for those seeking an honest entry point into the market.

Section 2: Frequently Asked Questions

1. What does "above average assessed value for the area" actually mean?
It means the city's assessment of this property’s value is higher than most homes in Daniel McIntyre. This can be influenced by factors like the condition of the structure, lot features, or recent permissible updates. It’s important to distinguish this from market value, which is determined by what a buyer is willing to pay.

2. Is the unrenovated basement a major concern?
It depends on your plans and inspection. An unrenovated basement in a 1913 home requires a careful look at foundational integrity, moisture control, and mechanical systems. It represents potential future living space or storage, but also a area that may need attention.

3. How does the smaller lot size impact living here?
The lot is consistent with older, central neighbourhoods. It means lower outdoor maintenance but limited private yard space. The trade-off is often greater walkability and community proximity compared to larger, suburban lots.

4. The home sold for significantly more in 2021 than in 2020. What does that indicate?
The sharp increase between the 2020 and 2021 sale prices likely reflects the strong market conditions of that period. It underscores the importance of understanding current market trends, as past prices may not be a reliable indicator of present value.

5. What are the less obvious costs of owning a home from 1913?
Beyond visible updates, consider potential costs related to updating electrical or plumbing systems to modern standards, improving insulation for energy efficiency, and maintaining original features like windows. While charming, older homes often have a different maintenance profile than newer builds.