Property Overview: 872 Lipton Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1922, presents a practical opportunity in Winnipeg's Daniel McIntyre neighbourhood. With 1,040 sqft of living space, its size is very typical for the immediate area and neighbourhood, offering a manageable layout. A key characteristic is its assessed value, which is notably above average for Daniel McIntyre, suggesting the property is viewed favorably within the local market context. The lot is compact at 2,341 sqft, which translates to lower maintenance but less private outdoor space.
The appeal lies in its grounded, no-frills profile. It suits a first-time buyer or pragmatic investor looking for a home with a stable assessment history in an established central neighbourhood. The detached garage adds functional value. A thoughtful perspective is that while the home's living area and lot size rank below the city-wide averages, this often reflects the character of mature, inner-city communities where proximity to amenities and simpler upkeep can outweigh sheer square footage. The unrenovated basement presents a common trade-off: it allows a new owner to customize the space to their needs and budget over time.
Frequently Asked Questions
1. What does the above-average assessment in Daniel McIntyre indicate?
It typically means the municipal property assessment is higher relative to other homes in the neighbourhood. This can reflect the property's specific attributes, recent sales in the area, or a combination of factors. It's a data point to discuss with your real estate agent in the context of the actual listing price and market conditions.
2. Is the smaller lot size a significant drawback?
It depends on your lifestyle. A smaller lot requires less time and money for yard maintenance, which can be a benefit for busy owners. The trade-off is limited space for gardening, play, or expansive outdoor entertaining.
3. The home was last sold in 2020. What should I consider?
This recent sale history provides a clear, modern price benchmark. It’s important to understand what changes, if any, have been made to the property since then and how the broader market has shifted in the past four years.
4. The basement is noted as "not renovated." What are the implications?
This means the basement space is likely in original or functional condition, not modernized. It offers a blank canvas but may require investment for finishing. A professional inspection is advisable to confirm the foundation, moisture management, and systems are sound.
5. How does the age of the home (1922) factor in?
A home of this age has classic character but also requires diligent attention to aging components. While the data shows it's newer than many on its street, potential buyers should prioritize inspections for the roof, wiring, plumbing, and insulation to understand any needed updates.