Property Overview
This 748 sqft, one-storey home on a 2,907 sqft lot presents a distinct value proposition in Winnipeg's Daniel McIntyre neighbourhood. Built in 1927, its key characteristic is its compact, efficient living space paired with a renovated basement, offering flexibility. The appeal lies in its relative affordability and a lot size that is notably larger than many on its street, providing valuable outdoor space or future potential in a central location. Its assessed value is above average for the immediate area, suggesting it is well-positioned within its local market.
It would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance property with a modernized basement suite potential (subject to verification). It’s a practical choice for those prioritizing location and lot size over square footage, who are comfortable with a character home's footprint.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 748 sqft, the living area is below average for the street, neighbourhood, and city. This indicates a compact, efficient layout, which may appeal to those seeking minimal upkeep.
2. Is the assessed value high or low for the area?
The assessed value is above average for Daniel McIntyre, but around average for Lipton Street itself. This suggests the property is valued in line with its immediate peers, potentially reflecting the renovated basement and lot size.
3. What is the significance of the lot size?
The lot is 2,907 sqft, which is above average for Lipton Street. This is a less obvious advantage, providing more private outdoor space than neighbouring properties and could be a key asset for gardening, expansion, or simply more breathing room.
4. The home is from 1927. What should I consider?
While older, the home’s build year is actually above average for both its street and neighbourhood, meaning many nearby houses are even older. This is common for the area, so a thorough inspection for updates to major systems (roof, wiring, plumbing) is essential.
5. What can recent sales data tell me?
A nearby, similarly sized home at 744 Lipton sold for $22.4k in 2020, while another nearby home has a current assessed value of $270k. This highlights significant variation on the street, underscoring the importance of a current market appraisal and viewing the property's condition firsthand.