Property Overview: 943 Lipton Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character home opportunity in the Daniel McIntyre neighbourhood. With 1,228 sqft of living space, its size is very typical for the area, offering a practical layout without being oversized. The assessed value of $230k positions it as an above-average offering within Daniel McIntyre itself, suggesting good value relative to its immediate neighbours, though it sits below the wider city average.
The appeal here is grounded in location and potential. The lot, while smaller than area averages at 2,338 sqft, is manageable and typical for the street. The home has an unfinished basement, which is a blank canvas for future development. Its strongest suit is for a practical buyer: a first-time homeowner, an investor, or a downsizer seeking an established, walkable neighbourhood without a premium price tag. It suits someone comfortable with a home of this vintage, who sees the unfinished spaces and classic layout not as drawbacks, but as straightforward opportunities to add value according to their own timeline and taste. A less obvious perspective is that its "around average" metrics on the street create a stable, predictable investment in a neighbourhood context, free from the premium often attached to standout or fully renovated properties.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings under the roofline in the center of the house, with shorter ceiling heights in the rooms under the sloped eaves. It offers more space than a bungalow but with a different layout than a full two-storey.
2. How should I interpret the assessed value versus the last sale price?
The property last sold in May 2021 for $26,800. The current assessed value of $230,000 is not a sale price, but the city's valuation for property tax purposes. The significant difference strongly suggests the 2021 sale was not a standard market transaction (possibly a transfer between family members). The market value will be determined by current conditions and buyer interest.
3. What are the implications of the unfinished basement?
This space offers flexibility for storage, utilities, and future development like a rec room or suite (subject to permits and zoning). The note that it is "not renovated" means it's in a raw state, so any finishing would be a new project for the buyer.
4. Is the smaller lot size a concern?
At 2,338 sqft, the lot is smaller than many in the city but is common for the Daniel McIntyre area. It means lower maintenance and potentially lower landscaping costs, which can be an advantage for those seeking a more lock-and-leave property.
5. What does the ranking data tell me about this property?
The rankings compare this home to others on the same street, in Daniel McIntyre, and city-wide. Key takeaways are that it offers average-to-above-average living space and value for its specific neighbourhood, while being on a smaller, more typical urban lot. It indicates you are buying a very representative home for the central area, not an outlier.