663 Lipton Street

Property Overview: 663 Lipton Street, Winnipeg

Key Characteristics & Appeal

This one-storey home in Daniel McIntyre presents a practical opportunity centered on its lot and location. Built in 1909, its 897 sqft living area is modest but sits on a notably larger-than-average lot for the street (3,193 sqft). A key feature is the renovated basement, adding functional space. The home’s assessed value is strong for the immediate neighbourhood, suggesting it is viewed favorably within the local context.

Its primary appeal lies in its efficient use of space and land. It suits buyers looking for an entry point into a central Winnipeg neighbourhood without a massive footprint to maintain. It would be a practical fit for a first-time buyer, a small household, or an investor seeking a character home with a desirable lot size that holds potential for future expansion or landscaping, given the generous yard relative to nearby properties.

Frequently Asked Questions

1. How does the assessed value compare to the recent sale price?
The home was last sold in August 2022 for $33.5k, which is higher than its current assessed value of $25.7k. It’s important to consult with a real estate professional to understand current market conditions and determine a fair listing or offer price.

2. What does "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a renovated basement in a home of this era often means the space has been finished for livability, potentially including updated flooring, walls, and lighting to create a functional rec room, office, or additional bedroom.

3. Is the detached garage a standard size?
The listing confirms a detached garage, but dimensions are not provided. This is a point to clarify during a viewing, as garage sizes on older lots can vary.

4. How does the lot size benefit me?
At over 3,100 sqft, the lot is larger than many on Lipton Street and in Daniel McIntyre. This offers more private outdoor space than is typical and provides flexibility for gardening, entertaining, or future property improvements.

5. What are the implications of the home's age?
Built in 1909, the home has historic character but requires a diligent inspection. Potential buyers should budget for maintenance consistent with a century-old property and inquire about updates to core systems like wiring, plumbing, and insulation.