Property Overview: 768 Lipton Street, Winnipeg
Key Characteristics & Appeal
This 1912 one-and-a-half storey home in Daniel McIntyre offers a practical and renovated living space of 1,139 sqft, sitting on a standard city lot. Its key feature is a renovated basement, adding valuable functional space. The home includes a detached garage.
The appeal lies in its established neighborhood character and its position as a solid, updated property within its immediate area. While its living space and age are typical for the street, its assessed value ranks above average for the Daniel McIntyre neighborhood, suggesting it may be well-maintained relative to nearby peers. It suits buyers looking for a character home with modernized essentials, without the premium of a newer build or a large lot. It’s a pragmatic choice for first-time homeowners or small families who value location and livable updates over expansive square footage or a brand-new construction.
Frequently Asked Questions
1. How does the property’s value compare?
While its assessed value is around average for Lipton Street, it ranks in the top 22% within the broader Daniel McIntyre neighborhood, indicating it may be a well-regarded property in its local context.
2. What is the significance of the lot size?
At 2,345 sqft, the lot is below average for the street, neighborhood, and city. This typically means lower outdoor maintenance but less private yard space.
3. Is the home’s age a concern?
Built in 1912, the home is older than the citywide average. Buyers should prioritize a thorough inspection to understand the condition of original elements, balanced against the charm and character of an early 20th-century build.
4. What does the “renovated basement” likely include?
While specifics aren’t listed, this typically means the basement has been finished into livable space, such as a family room, office, or additional bedroom, and includes modern moisture control and flooring.
5. How stable is the area for property value?
The home last sold in 2020. Its above-average assessment for the neighborhood suggests stability, but buyers should review recent sales on the street (like 786 and 744 Lipton) with a real estate professional for the most current market insights.