599 Lipton Street

Property Overview: 599 Lipton Street, Winnipeg

Key Characteristics & Appeal

This is a classic one-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood, built in 1907. With 1,135 sqft of living space and a 2,349 sqft lot, it sits comfortably within the average range for its immediate street and area. The home features a basement and a detached garage.

Its primary appeal lies in its established location and its value proposition. The assessed value is notably modest compared to city-wide averages, which can represent an accessible entry point into the Winnipeg market. The home’s age (119 years) suggests classic character and solid construction, but also indicates that updates and maintenance will be part of homeownership. It suits a practical, hands-on buyer—perhaps a first-time purchaser or an investor—who values location over turn-key condition and is prepared to take on a home with history. The detached garage adds functional value for storage or projects.

Frequently Asked Questions

1. What does the assessed value tell me about the property taxes?
A lower assessed value generally correlates with lower property taxes, which is a financial advantage. However, it's also indicative of the home's current valuation by the municipality, which is often influenced by its age, condition, and the specific market of the immediate area.

2. The home is noted as having a basement, but it's "not renovated." What should I expect?
This typically means the basement is in original or utilitarian condition, likely with concrete walls and floors. It provides valuable storage or mechanical space but should be inspected for moisture issues common in homes of this vintage. It represents potential for future finishing.

3. How does the lot size compare, and what does it mean for me?
At 2,349 sqft, the lot is smaller than the Winnipeg average but fairly typical for the inner-city neighbourhood. This means lower outdoor maintenance but may limit expansion possibilities. It offers a manageable yard space for gardening or relaxing.

4. The home last sold in 2017. Is that relevant?
It can be. The 2017 sale price provides a historical benchmark, but market conditions have likely changed. More importantly, a seven-year ownership period suggests the sellers may have addressed some immediate issues, though a thorough inspection is still essential.

5. The rankings show the home is "below average" city-wide for year built and land area. Is this a disadvantage?
Not necessarily. These metrics highlight the home's context: it's an older, character home on a compact lot in a mature neighbourhood. Compared to newer suburban homes, it offers a different lifestyle—often closer to amenities, with established trees and community character, but with the maintenance considerations of an older structure.