Property Overview
This one-storey home on Lipton Street is a compact, character property built in 1929. With 818 square feet of living space and a renovated basement, it sits on a modest 2,344 sqft lot in the Daniel McIntyre neighbourhood. Its assessed value is notably higher than many area comparables, yet it remains a very affordable entry point into the Winnipeg market. The home last sold in late 2022.
Key Characteristics & Appeal
The primary appeal of this property is its value proposition. It offers a renovated basement and a solid, above-average build year for its immediate area, all at a very accessible price point. It suits first-time buyers, investors, or downsizers seeking a low-maintenance footprint without a major renovation project. Its smaller size and lot are balanced by its affordability and location in an established central neighbourhood.
A less obvious perspective is its potential as a strategic hold. While smaller than average, its assessed value ranking is strong within Daniel McIntyre, suggesting it may be positioned well for the area. It represents a practical, no-frills ownership opportunity where your investment goes more into location and structure than into excess space or land.
Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. At 818 sqft, the living area is below the average for both Lipton Street and the wider Daniel McIntyre neighbourhood.
2. Why is the assessed value considered high for the area?
The data shows this home's assessed value ranks in the top 27% for Daniel McIntyre, meaning it is assessed higher than most comparable homes nearby. This could reflect the renovated basement or other improvements.
3. What does the sale history indicate?
The home sold in November 2022 for $24,900 and previously in July 2020 for $17,800. This recent turnover and price increase may indicate growing interest in the property or the block.
4. Is the lot size a limitation?
The land area is below average for the street, city, and neighbourhood. This means smaller outdoor space but also less maintenance, which could be a positive for some buyers.
5. How does the age of the home compare?
Built in 1929, it is newer than many homes on its street and in Daniel McIntyre, where average build years are 1919 and 1920, respectively. This could imply a potentially more modern construction for its vintage.