Property Overview & Key Characteristics
This one-and-three-quarter storey home on Lipton Street is a classic Daniel McIntyre property, built in 1911. Its primary appeal lies in its balance of established character and practical updates, notably a renovated basement. With 1,202 sqft of living space, it sits around the neighbourhood average, offering a comfortable footprint without being oversized. The detached garage adds functional value for vehicle storage or workshop space.
Its appeal is grounded in being a well-positioned, no-fuss home in a central Winnipeg neighbourhood. It suits first-time buyers looking for a move-in-ready character home, or practical investors seeking a stable rental property in a consistent area. A thoughtful perspective is its relative affordability within the city; while its assessed value is above average for Daniel McIntyre, it remains significantly below the wider city average, suggesting a value proposition for those prioritizing location and lot over sheer square footage. The lot, while smaller than many city-wide, is typical for the area and offers manageable outdoor maintenance.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $290,000 in July 2024, which is significantly higher than its $22,200 assessed value. This is a common discrepancy, as municipal assessed values for tax purposes often lag behind actual market sale prices.
2. Is the home older than others in the area?
Built in 1911, it is slightly older than the average home on its street (avg. 1919) and in Daniel McIntyre (avg. 1920), but this is typical for the neighbourhood's historic housing stock.
3. What does the "below average" land area ranking mean practically?
With a 2,342 sqft lot, the property has less yard space than many homes across Winnipeg, but it is broadly in line with the more compact lot sizes common in central, established neighbourhoods like Daniel McIntyre.
4. Who might this property not suit?
Buyers seeking a very large yard, a brand-new build, or a home with square footage well above the city average may find this property too compact. It's geared toward those who value central location and character over maximum space.
5. How does it rank for value in its immediate area?
The home's assessed value ranks in the top 29% for the Daniel McIntyre neighbourhood, meaning it is considered above average in value there. This indicates it is viewed as a solid property within its specific local market context.