Property Overview: 760 Lipton Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1911, presenting a straightforward and affordable entry point into Winnipeg’s Daniel McIntyre neighbourhood. Its primary characteristic is its modest scale, with a living area of 688 sqft that places it well below average for similar homes locally. This is balanced by a renovated basement, adding functional space, and a detached garage. The assessed value is notably low, which translates to very manageable property taxes—a significant, often overlooked financial benefit.
The appeal lies in its simplicity and practicality. It suits a specific buyer: a first-time purchaser seeking the lowest possible barrier to homeownership, an investor looking for a low-cost rental property, or someone who values minimalism and low upkeep over space. The recent basement renovation adds modern utility to the classic structure. While not a feature home, its value is in offering a foothold in a central community without complexity, ideal for those who see a house as a pragmatic base rather than a statement.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical area homes?
The assessed value reflects the property’s relatively small size and modest characteristics compared to others. This results in significantly lower annual property taxes, which is a key ongoing cost advantage.
2. Is the small living area a major limitation?
At 688 sqft, the main floor is compact. However, the renovated basement provides additional flexible space for laundry, storage, or a recreational area, effectively expanding the usable square footage.
3. What is the neighbourhood like?
Daniel McIntyre is a mature, established inner-city community. Residents typically value its central location, character homes, and convenience to amenities, rather than suburban-style space and newness.
4. What should I know about a home from 1911?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should prioritize a thorough inspection to understand the condition of major vintage home components like the foundation, plumbing, and wiring.
5. How does the detached garage add value?
In a dense urban neighbourhood, a detached garage is a premium feature for secure parking and extra storage. It offsets the smaller interior living space and is a practical asset not found with all properties in this price range.