Property Overview
This one-and-three-quarter storey home on Lipton Street presents a classic Winnipeg character property with practical updates. Its key appeal lies in the combination of a renovated basement, a detached garage, and a notably generous lot for its central Daniel McIntyre neighbourhood. At 3,513 sqft, the land area is well above average for both the street and the area, offering valuable outdoor space or future potential in a mature community. The living space (960 sqft) and assessed value are typical for the immediate locale, positioning it as a grounded, no-surprises option in the market. Built in 1910, it requires a buyer comfortable with the maintenance nuances of a century-old home.
This property would suit a first-time buyer or an investor looking for a character home with a major renovation already addressed in the basement. It’s also a fit for someone who values a larger private yard over a larger house footprint, offering a rare sense of space in an inner-city setting. A thoughtful perspective is that while its city-wide rankings for size and value are below average, that reflects its urban, lot-efficient location; its strong local rankings show it’s a competitive offering within its more relevant, immediate peer group.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy, character-filled bedrooms with potentially reduced ceiling height in parts. It’s a charming, classic Winnipeg architecture.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and often lags behind market value. It being "around average" for the Daniel McIntyre area is a useful benchmark, but the final sale price will be determined by current market conditions, the home’s updated condition, and its desirable lot size.
3. How does the lot size compare to nearby properties?
The land area of 3,513 sqft is a standout feature. It ranks in the top 9% on Lipton Street and the top 13% in Daniel McIntyre, meaning you're getting significantly more yard space than most neighbours—a premium in older neighbourhoods.
4. What should I consider with a home built in 1910?
While the renovated basement is a plus, a home of this age will have original components like wiring, plumbing, and the foundation that require careful inspection. Budgeting for ongoing maintenance and potential updates is essential for comfortable ownership.
5. How does the last sale price from 2016 relate to today’s value?
The 2016 sale price of $200k is a historical data point. The market has evolved significantly since then. It’s more relevant to look at recent sales of comparable homes in Daniel McIntyre and the home’s current condition and lot advantage to gauge its present value.