Property Overview: 836 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, offering a straightforward living space of 800 sqft with an unrenovated basement and a detached garage. Its most significant feature is the land: at 3,279 sqft, the lot is notably larger than most in the immediate area and Daniel McIntyre neighbourhood, providing valuable outdoor space and potential. The home’s assessed value is well below averages for the street and city, reflecting its modest size and condition.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for those who value land over a large existing footprint. It suits first-time buyers, investors, or handy individuals looking for a project. The larger lot is a strategic asset, offering room for gardening, expansion, or future development where many inner-city properties do not. It’s a property where the value is arguably more in the land and location than in the current structure, appealing to those with a vision for the future rather than a move-in-ready expectation.
Section 2: Frequently Asked Questions
1. Is this a fixer-upper?
Yes. The basement is noted as unrenovated, and the home’s age and below-average assessed value suggest it requires updates and modernization.
2. How does the lot size compare?
The land area is a standout feature. It ranks in the top 12% on its street and top 21% in the Daniel McIntyre neighbourhood, meaning you get more yard space than most comparable properties nearby.
3. Why is the assessed value so much lower than the recent sale price?
The home sold for $200,000 in March 2025, while its assessed value is $160,000. This difference is common and reflects that the market sale price considers current demand, while the assessment is an older valuation for tax purposes.
4. What does the "below average" living area mean for daily life?
With 800 sqft, the living space is compact. It will suit individuals, couples, or small families comfortable with efficient living, but may feel cramped for those needing multiple dedicated rooms or ample storage.
5. Is the detached garage a benefit?
Typically, yes. A detached garage provides secure parking and storage without consuming living space from the main house. For this property, it also means the large yard remains relatively open for other uses.