Property Overview: 910 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1912. With 1,060 sqft of living space, its size is typical for the immediate area and neighbourhood. The home sits on a modest, city-sized lot and features a basement that is present but not renovated. There is no garage or pool.
The primary appeal lies in its position as an accessible entry point into the market. Its assessed value is notably below average for both the street and the city, suggesting a potentially lower property tax burden and an opportunity for value-conscious buyers. The home suits first-time buyers, investors, or downsizers looking for a straightforward, no-frills property in a central neighbourhood. Its character and established location offer a foundation to build upon, whether through gradual updates or maintaining it as an affordable holding. A thoughtful perspective is that its smaller lot and footprint mean lower maintenance costs and less outdoor upkeep, which can be a practical advantage for those seeking simplicity.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable for living space?
No, the listing specifically notes the basement exists but is "not renovated." Buyers should budget for any desired improvements to make it a functional living or storage area.
2. How does the property's value compare to the area?
The home's assessed value of $180k is below the average for Lipton Street ($250k) and significantly below the Winnipeg city average ($390k). This indicates it is a more affordable option within its context.
3. What does "one & 3/4 storey" mean for the layout?
This is a common architectural style where the second floor has slightly less full-height ceiling space than the main floor, often featuring cozier bedrooms in the roof space. It maximizes space in a classic design.
4. Are there any recent sales for this specific home?
Yes, the home sold in October 2023 for $180k. Prior to that, it sold in November 2021 for $15,500, which was likely a significant transfer between related parties or under unique circumstances, not reflecting market value.
5. What are the implications of the smaller land area?
At 2,339 sqft, the lot is smaller than most in the city. This typically means a smaller yard, which reduces outdoor maintenance. It also suggests limited potential for expansions like a large addition or detached garage, so future plans should consider this constraint.