Property Summary: 737 Lipton Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre is a practical and well-positioned character property. Built in 1911, it offers 1,220 sqft of living space with a renovated basement and a detached garage. Its core appeal lies in its strong value within its immediate context. While the living area and lot size (2,345 sqft) are modest by city-wide standards, the home's assessed value of $280k ranks well above average for both the street and the neighbourhood. This suggests a property that has been maintained or updated in ways that outpace many of its local peers. Recent sale history shows significant appreciation, with the last sale in early 2025 notably higher than previous transactions.
It would suit a buyer looking for an established, inner-city neighbourhood without a premium price tag. It’s ideal for a first-time homeowner, a small family, or an investor who appreciates a home that stands out in its local market for its condition and valuation. The compact lot means less exterior maintenance, a subtle benefit for those prioritizing indoor living space and location over yard size.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in January 2025 for $32.50k above its current $280k assessed value. This recent sale price ranked in the top 3% for the neighbourhood, indicating strong market demand for this specific property.
2. Is the lot size a disadvantage?
At 2,345 sqft, the lot is below average for the area. This means smaller outdoor space but also less upkeep. For buyers focused on the home itself and location, it can be a practical trade-off.
3. What does the "above average" assessed value in the neighbourhood mean?
With an assessed value in the top 6% for Daniel McIntyre, this home is officially valued much higher than most comparable properties nearby. This often reflects renovations, desirable features, or superior condition that similar homes on the street may lack.
4. How old is the home, and what does that imply?
Built in 1911, the home is over a century old. While this brings character, it also means potential for older infrastructure. The presence of a renovated basement is a positive update, but buyers should budget for ongoing maintenance typical of a house of this era.
5. Who are the typical neighbours?
The nearby properties on Lipton Street are very similar in age and style, most built between 1912-1913. The assessed values of immediate neighbours vary, indicating a mix of conditions and updates, which is common in mature neighbourhoods.