Property Overview: 757 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,348 sqft of living space, it offers above-average roominess for both its immediate street and the local area, providing a comfortable footprint for a small family or couple. The home sits on a modest, city-typical lot and features an unfinished basement, representing a straightforward canvas for future development.
Its primary appeal lies in its positioning as a practical, no-frills entry point into the housing market. The assessed value is notably lower than the citywide average, suggesting a potentially accessible price point for first-time buyers or investors. It suits buyers who value character and location over modern finishes, and who are prepared for the maintenance or gradual updates typical of a century-old home. A thoughtful perspective is its relative size advantage in the neighbourhood; you're getting more interior space than many nearby homes, which is a functional benefit not always apparent from the exterior.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the second floor has sloped ceilings (following the roof line) and potentially dormer windows. It offers full, usable upstairs rooms, but with a cozier feel than a full two-storey home.
2. Is the low assessed value a concern?
Not necessarily. The assessment is significantly below the city average but is in line with many homes in the Daniel McIntyre area. It often reflects the home's age, condition, and the neighbourhood's market, rather than a specific problem. It's a key indicator of the home's position as a more affordable option.
3. What are the implications of an unfinished basement?
It provides essential utility space and storage but will require investment to become a finished living area. The positive is that you can customize it to your needs, but you should budget for this project separately.
4. How does the lot size affect living here?
The land area is smaller than average, which means lower maintenance for yards and gardening—a plus for those seeking a lock-and-leave lifestyle. The trade-off is limited space for expansions like a large deck, garage, or addition.
5. The home is over 110 years old. What should I prioritize?
While charm is a major draw, a thorough inspection of foundational, structural, and systemic elements (like plumbing, electrical, and roof) is crucial. These older homes are built to last, but their systems may need updating to meet modern standards and efficiency.