Property Overview: 784 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Lipton Street in Daniel McIntyre is a compact, historic property built in 1912. With 726 sqft of living space, it is notably smaller than most area homes, positioning it as a minimalist or entry-level option. Its key updated feature is a renovated basement, adding functional space. The assessed value is modest and sits well below the citywide average, yet it is above average for the Daniel McIntyre neighbourhood itself, suggesting the local market recognizes its value within the community context.
The primary appeal lies in its affordability and location within an established inner-city neighbourhood. It suits first-time buyers seeking a foothold in the market, investors looking for a lower-priced rental property, or downsizers who prioritize a simple, manageable layout. A thoughtful perspective is that its smaller size and lot (2,344 sqft) translate to lower maintenance costs and less upkeep—a significant but often overlooked advantage for budget-conscious owners. While it doesn't offer features like a garage or pool, its renovated basement provides crucial flexible space for storage, a workshop, or a cozy den.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 726 sqft, the home is significantly smaller than the area average. It will suit those comfortable with a compact, efficient layout but may feel cramped for those needing multiple dedicated rooms or ample storage.
2. Why is the assessed value higher than some nearby homes?
While the assessed value is modest overall, it ranks above average for Daniel McIntyre. This can reflect the renovated basement, the property's specific condition, or recent sales trends on the street, indicating it may be viewed favorably within its immediate local context.
3. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the seller or agent, as it could range from a finished living area to updated utilities and storage.
4. What are the implications of the home's age (1912)?
A home over 110 years old has historic charm but requires a practical mindset. While systems may have been updated, potential buyers should budget for ongoing maintenance and consider a thorough inspection to assess the foundation, wiring, and plumbing.
5. Is on-street parking a challenge?
The property has no garage. Given the typical density of older neighbourhoods, parking is likely on-street. It’s advisable to observe parking availability at different times to gauge convenience.