Property Overview: 745 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Daniel McIntyre presents a practical and straightforward opportunity. Its key characteristic is balance: while the 826 sqft living area is modest and below local averages, it sits on a larger-than-average lot for the area (over 3,000 sqft). The home benefits from a renovated basement and a detached garage. Built in 1928, it is notably newer than many neighbouring houses, which may suggest fewer concerns associated with very early 20th-century construction.
The appeal lies in its efficiency and potential. The lower assessed value indicates an accessible entry point into the Winnipeg market. The generous lot size for the neighbourhood is a significant asset, offering valuable outdoor space or future expansion potential that many similarly priced properties lack. It suits first-time buyers, practical downsizers, or investors seeking a character home with a manageable footprint and a solid lot. It’s a property for those who value land size and location over sheer interior space, seeing the home itself as a solid foundation to build upon.
Section 2: Frequently Asked Questions
1. Is the home significantly smaller than others nearby?
Yes. At 826 sqft, the living area is below the average for both Lipton Street and the Daniel McIntyre neighbourhood. This indicates a compact, efficient layout.
2. What is the advantage of the larger lot size?
The lot of 3,096 sqft is above average for the immediate area. This provides more private outdoor space than many neighbouring properties and could be a key factor for gardening, entertaining, or future renovations.
3. How does the assessed value compare?
The assessed value is around average for Lipton Street but below the citywide average. This typically reflects the home’s smaller size and can correspond with lower property taxes, making it a cost-effective option in the area.
4. The home was built in 1928. Is that a concern?
While still a character home, it is newer than many on the street (where averages are 1919-1920). This may mean updated infrastructure compared to its peers, but a thorough inspection is always recommended for any home of this age.
5. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finishes. Buyers should inquire about the renovation date, the quality of the finish, and whether it includes legal egress or secondary suite potential.