Property Overview: 835 Lipton Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1912, offers a practical footprint of 1,216 square feet on a modest, city-sized lot. Its core appeal lies in its established Daniel McIntyre neighbourhood location and its position as a relatively valued property within that specific area. While the home features a basement, it is noted as not being renovated, indicating a functional space that may require updating.
The data presents an interesting perspective: while the home’s size and age are typical for its immediate street and neighbourhood, its assessed value ranks notably high locally (top 9% in Daniel McIntyre). This suggests it is viewed as a solid asset within this community context, even though its value is more modest on a citywide scale. The lot size is smaller than average at every comparison level, which may appeal to buyers seeking lower maintenance outdoor space. This property would suit a first-time homebuyer, an investor, or a practical downsizer who values character and location over sheer size. It’s a home for someone comfortable with a property that has history and potential, situated in a neighbourhood where it represents a strong comparative value.
Frequently Asked Questions
1. What does the assessed value ranking actually mean for me?
It indicates that, compared to similar homes in the Daniel McIntyre neighbourhood, this property holds a higher perceived value (top 9%). This can be a positive sign for stability within the local market, though the final sale price is determined by the market.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. A smaller lot (2,342 sq ft) means less yard maintenance, which can be a benefit for those seeking a low-upkeep property. However, it offers less private outdoor space and potential for expansion than a larger lot.
3. The home sold in 2021 for $290k. How does that relate to today’s value?
The 2021 sale price provides a historical benchmark. Market conditions, changes to the property, and broader economic factors have likely influenced its current value, so it should be used as a reference point rather than a direct indicator.
4. What should I expect with an unrenovated basement?
This typically means the basement is in functional, original condition. It likely has foundational finishes (e.g., concrete floors, exposed ceiling joists) and older mechanical systems. It offers usable space but presents a clear opportunity for future modernization.
5. How does the age of the home (1912) factor in?
A home from 1912 often comes with classic architectural charm and solid construction. It also means you should pay close attention to the condition of major aging components like the roof, plumbing, electrical systems, and foundation during an inspection.