Property Overview
759 Lipton Street is a compact, one-storey home in Winnipeg's Daniel McIntyre neighbourhood. Built in 1927, its primary appeal lies in its efficient scale and surprisingly generous lot size. With a modest 636 sqft of living space, the home is significantly smaller than most in the area, but it sits on a 3,001 sqft lot that is larger than many of its immediate neighbours. The property features a renovated basement and a detached garage. Its assessed value is notably low compared to the city-wide average, but is actually above average for the Daniel McIntyre area, suggesting it represents a more accessible entry point into this specific community.
This home would suit a first-time buyer, an investor, or someone looking to downsize into a low-maintenance property with outdoor space. Its size demands a minimalist lifestyle or a creative approach to space, but the larger-than-average lot offers valuable potential for gardening, expansion, or simply enjoying a more open feel in an established inner-city neighbourhood. It’s a practical choice for those who prioritize location and land over square footage.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a compact, one-storey bungalow. While many homes in the area have been expanded or include a second storey, this property maintains its original, efficient footprint, which is reflected in the below-average living space.
2. How can the assessed value be so low city-wide, but above average for the neighbourhood?
Property assessments are relative. While the value is low compared to the entire city, it is competitive within the more affordable and historic Daniel McIntyre area. This indicates the home is priced appropriately for its specific local market.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, and legal compliance (e.g., proper egress, permits) are not provided. This would be a key point for a home inspection and discussion with the seller.
4. Is the large lot a good opportunity for expansion?
The 3,001 sqft lot is a standout feature, offering more outdoor space than typical local properties. While it presents potential for an addition, garden, or deck, any expansion plans would need to comply with local zoning bylaws regarding setbacks and lot coverage.
5. What is the significance of the home being "newer" than others on the street?
Built in 1927, it is still a century-old character home. However, being newer than many neighbouring homes (which average 1919 on the street) could suggest slightly different construction methods or materials for its era, and potentially less wear over time compared to its immediate peers.