Property Overview & Appeal
This one-and-three-quarter storey home on Lipton Street is a classic Daniel McIntyre character property, built in 1913. With 1,222 square feet of living space and a renovated basement, it offers a practical footprint for city living. Its assessed value is notably strong for the immediate neighbourhood, ranking within the top 15% of Daniel McIntyre, which suggests it has been well-maintained or updated relative to nearby homes. The lot is compact at 2,342 sqft, typical for the area, and it features a detached garage.
The appeal lies in its established, central location and the charm of a historic home, balanced with the practicality of a modernized basement. It suits a first-time homebuyer or an investor looking for a character property in a mature neighbourhood without an extensive yard to maintain. A thoughtful perspective is that its above-average assessment for the local area could indicate a smoother appraisal process, while the compact lot translates to lower maintenance and potentially lower property taxes compared to homes on larger lots citywide.
Frequently Asked Questions
1. How does the assessed value compare?
The home’s assessed value ranks significantly higher (top 15%) compared to other homes in Daniel McIntyre, but is below the city-wide average. This typically means the property is in good standing within its immediate, established neighbourhood context.
2. Is the living space size typical?
Yes. At 1,222 sqft, the living area is very close to the average for both Lipton Street and the broader Daniel McIntyre neighbourhood, offering a standard layout for homes of this era.
3. What should I know about the lot size?
The land area is compact, ranking below average for the street, neighbourhood, and city. This means smaller outdoor maintenance but also limited space for expansions or large landscaping projects.
4. How old is the home, and what does that imply?
Built in 1913, it is older than most homes across Winnipeg. In its local context, however, its age is quite average for Daniel McIntyre. Buyers should budget for potential maintenance consistent with a 110+ year-old structure, such as updates to original windows or plumbing.
5. What is the significance of the detached garage?
A detached garage is a valuable asset in this neighbourhood, providing secure storage or parking. It’s a practical feature that offsets the smaller lot size and adds utility.