Property Overview: 925 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 1914. With 1,040 sqft of living space and a renovated basement, it offers a practical footprint for a smaller household. Its assessed value is notably modest compared to city-wide averages, which may present a lower entry point into the market. The lot is compact at 2,339 sqft, typical for the central neighbourhood, and includes a detached garage.
The primary appeal lies in its location and value proposition within a well-established community. It suits first-time buyers seeking an affordable character home, or investors looking for a manageable rental property in a central area. A thoughtful perspective is that while the living space is modest, the home’s age and location mean it likely possesses architectural charm and is part of a streetscape with a strong sense of history. The renovated basement adds functional space, which is a key asset in a home of this size. Buyers should be prepared for the maintenance considerations of a 110-year-old home and the creative use of space that a smaller lot necessitates.
Section 2: Frequently Asked Questions
1. How does the assessed value compare, and what does it mean for property taxes?
The assessed value is modest, ranking in the top 36% locally (higher value than 64% of comparable homes in Daniel McIntyre). This typically suggests a relatively lower municipal tax burden compared to many city-wide properties, though taxes are also influenced by local mill rates.
2. Is the living area sufficient for a family?
At 1,040 sqft, the living area is below the local and city averages. It would best suit a small family, a couple, or an individual. The renovated basement provides crucial additional flexible space for storage, recreation, or a home office.
3. What are the implications of the smaller land area?
The lot is compact, even for the central neighbourhood. This means lower exterior maintenance but limited potential for expansions like large additions or sprawling decks. It emphasizes efficient use of outdoor space and aligns with a lower-maintenance lifestyle.
4. The home is over a century old. What should I consider?
A 1914 build offers charm but requires a proactive maintenance mindset. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, historical wiring or plumbing updates, and roof condition. The "character" often comes with ongoing upkeep.
5. How does this property fit within the Daniel McIntyre neighbourhood?
The metrics show this home is very typical for Lipton Street and the broader Daniel McIntyre area in terms of age, size, and value. It is not an outlier, suggesting it represents a standard offering for this central, mature community where character homes on smaller lots are common.