Property Overview & Appeal
This one-storey home at 628 Lipton Street in Winnipeg's Daniel McIntyre neighbourhood presents a specific and compelling value proposition. Its key characteristic is a notable imbalance between its modest, renovated living space (873 sq ft) and its significantly larger-than-average lot (3,758 sq ft). While the house itself is compact and older (built 1952), it sits on a parcel of land that ranks in the top 10% for size within the immediate area. This creates a unique duality: the convenience of a modernized, low-maintenance interior paired with the rare urban potential of a generous yard.
The appeal lies in this versatility. It perfectly suits a first-time buyer or downsizer seeking an affordable, updated home without a large footprint to maintain. Simultaneously, the substantial lot offers a canvas for future expansion, gardening, or outdoor living—a rarity in the city core. A less obvious perspective is its assessed value positioning; it's assessed significantly higher than many area homes, which may reflect its renovated condition and lot premium, but also suggests property taxes will be aligned with that valuation. It’s a property for someone who sees the land as an asset equal to the house itself.
Frequently Asked Questions
1. Is the house too small for a growing family?
The living area is below average for the city. It would suit a small family comfortably, but a growing family might find the single-level, 873 sq ft layout compact unless they plan to utilize the basement or potentially expand the home in the future, for which the lot provides room.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, legal suite status, and moisture control are not provided. This is a key detail to investigate during a viewing or with the seller.
3. Why is the assessed value so high compared to nearby homes?
The home's assessed value ($26.70k) ranks in the top 9% for Daniel McIntyre. This is likely due to the combination of the recent renovations and the premium lot size, as assessments consider both property condition and land value.
4. What are the implications of the large lot size?
The 3,758 sq ft lot is a major asset, offering more privacy, outdoor space, and potential for additions, decks, or landscaping than most neighbours. However, it may also mean slightly more yard maintenance and, as noted, contributes to a higher property assessment.
5. How does the 1952 build year compare to the neighbourhood?
While 1952 is newer than the historic average for Daniel McIntyre (where many homes are from the early 1900s), it is still a 74-year-old structure. Buyers should focus on the quality and recency of the renovations, as well as a thorough inspection of foundational and mechanical systems common to homes of that era.