Property Overview & Key Characteristics
This one-and-three-quarter storey home at 755 Lipton Street in Winnipeg's Daniel McIntyre neighbourhood presents a classic, grounded opportunity. Built in 1913, it offers 1,148 sqft of living space with a renovated basement and a detached garage. Its appeal lies in its established, central location and its position as a practical, no-fuss property. The home's assessed value is notably modest compared to city-wide averages, suggesting a potentially lower entry point for the area.
The property would suit first-time buyers seeking an affordable foothold in a mature neighbourhood, or practical investors looking for a straightforward rental property. It’s for those who value function and location over size or modern luxury, as both the lot and living area are compact by broader city standards. A thoughtful perspective is that its "around average" metrics for the immediate area indicate it's a typical home for the street, not an outlier, which can mean predictable maintenance and stable value within the local context.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,148 sqft, the living area is very close to the average for both Daniel McIntyre (1,142 sqft) and the city overall (1,342 sqft). On Lipton Street itself, it's just slightly below the local average of 1,163 sqft.
2. What does the assessed value indicate?
The assessed value is significantly below the Winnipeg city average. However, it's much closer to the average for the Daniel McIntyre neighbourhood, indicating this is more reflective of local market conditions than the property itself being an exception.
3. Is the lot size a constraint?
The 2,345 sqft lot is below average for the street, neighbourhood, and city. This means outdoor space is limited, but it also translates to less yard maintenance—a point that may appeal to some buyers.
4. How old is the home, and what does that mean?
Built in 1913, the home is over a century old. This is typical for the area, which is full of character homes from that era. Buyers should budget for maintenance consistent with a home of this age, though the renovated basement is a positive update.
5. What is the recent sales history?
The home sold previously in October 2021 for $220,000. This recent sale provides a concrete benchmark for its market value just a few years ago.