Property Overview: 577 Lipton Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1911, offers a blend of historic character and practical updates. Its key appeal lies in its strong positioning within the desirable Daniel McIntyre neighbourhood. With 1,331 sqft of living space, the home is notably larger than many comparable properties on its street and in the immediate area, providing above-average roominess for its locale. A recently renovated basement adds modern, functional living space.
The home’s assessed value is a standout feature for the neighbourhood, ranking in the top 9%, which suggests it is a well-maintained or improved property among its peers. This combination—more interior space than typical for the area and a strong valuation—makes it a compelling option for buyers seeking a character home in a central community without compromising on practical square footage. It would particularly suit first-time buyers or small families looking for a move-in-ready home with historic charm, or investors attracted by its above-average metrics for the area. A thoughtful perspective is that while the lot size is modest city-wide, it is quite standard for the inner-city, offering lower maintenance and a focus on the home itself.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,331 sqft, this home is larger than the average for both Lipton Street and the wider Daniel McIntyre neighbourhood, placing it in the top 22-28% for living area locally.
2. What does the assessed value indicate?
With an assessed value ranking in the top 9% for Daniel McIntyre, it suggests the property is valued higher than most in the neighbourhood, often reflecting updates, condition, or desirable features.
3. Is the basement finished?
Yes, the listing confirms the basement has been renovated, adding usable living space to the home.
4. What is the typical lot size in this area?
The lot is 2,350 sqft, which is slightly below the neighbourhood average but very typical for central, character-home streets. This often means less yard upkeep.
5. When was it last sold?
The property was last sold in February 2021. The sale price at that time was also above the local average for similar sales.