Property Overview: 561 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Lipton Street in Daniel McIntyre is a compact, efficiently sized property built in 1951. With 756 sqft of living space, it is notably smaller than most area homes, positioning it as a low-maintenance option. Its key features include a renovated basement and a detached garage. The assessed value is modest compared to the city-wide average, but is typical for its immediate street and neighborhood.
The appeal lies in its practicality and location. It suits first-time buyers seeking an affordable entry into the Winnipeg market, or investors looking for a manageable rental property. The renovated basement adds functional space, and the home’s age is actually a relative advantage on its street—it’s newer than most neighboring houses, potentially suggesting fewer concerns associated with very old construction. It’s not a sprawling family home, but a thoughtful choice for those prioritizing financial accessibility and simpler upkeep in a central neighborhood.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 756 sqft, the living area is below average for the street, neighborhood, and city. This makes it a cozy, efficient layout best suited for individuals, couples, or small families.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to understand the finish, layout, and permitted use of this space.
3. How does the assessed value relate to the likely sale price?
The home is assessed at approximately $21,900. It last sold for $160,000 in March 2020. Assessed value for tax purposes is often significantly lower than market value. The previous sale price is a more relevant, though dated, benchmark for current value.
4. Is the land size a pro or a con?
The 2,378 sqft lot is slightly below average for the area but fairly standard for the street. It provides a manageable yard without excessive maintenance burdens, which can be a positive for the target buyer.
5. Why is the year built (1951) considered an advantage here?
The data shows that on Lipton Street, this home is newer than most comparable properties. In a neighborhood with many homes built in the early 1900s, a 1951 build may have undergone different construction methods or updates over time, which can be a less obvious plus compared to immediate neighbors.