Property Overview

951 Ingersoll Street is a well-maintained one-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood. Built in 1913, it offers 1,152 sqft of living space and features a renovated basement. The property sits on a 2,631 sqft lot and does not include a garage or pool.

Key Characteristics & Appeal

This home’s primary appeal lies in its strong position within its immediate context. Its assessed value ranks in the top 9% on its own street and top 6% within Daniel McIntyre, suggesting it is a well-regarded property in a neighbourhood of older homes. While its living space is comfortably above average for the street, the home is notably older than many of its local peers. The recently renovated basement adds modern functionality to the classic character of a 1913 build.

It would suit a practical buyer looking for a move-in-ready character home without the premium of a newer build. It’s ideal for someone who values being in a stable, established urban neighbourhood and appreciates a property that stands out positively in terms of value and condition within its direct community, even if it’s more modest by city-wide averages.

Frequently Asked Questions

1. How does the 2023 sale price compare to the current assessed value?
The home sold for $250,000 in June 2023, which is significantly higher than its $28,200 assessed value. This is a common discrepancy, as municipal assessed value for tax purposes is not a market appraisal and often lags behind actual sale prices.

2. What does the "above average" assessed value ranking mean for me?
Ranking in the top 6-9% for assessed value in the area typically indicates the municipality views the property as being in better condition, having more improvements, or possessing more desirable attributes than most of its neighbours. This can be a point of pride, but it also means your property taxes will likely be higher than on a comparable but less-improved home nearby.

3. Is the lack of a garage a major drawback?
This depends on your lifestyle. Many homes in older Winnipeg neighbourhoods were built without garages. The property has a standard city lot, so adding a garage or parking pad may be possible, subject to permits and zoning. On-street parking is the norm for the area.

4. The home is older than most on the street. Should I be concerned?
The 1913 build date means it’s among the older homes even in this historic area. This underscores the importance of a thorough inspection to verify the condition of foundational elements, wiring, and plumbing. The positive assessed value suggests these systems have been maintained or updated.

5. How useful are the "city-wide" comparison metrics?
Limited, for a buyer focused on this neighbourhood. The city-wide averages include vast suburbs with newer, larger homes on bigger lots. The more relevant data is the "same street" and "same area" rankings, which show how this property stacks up against your actual alternatives and competitors.