Property Overview: 967 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1909, presenting a classic entry point into Winnipeg’s Daniel McIntyre neighbourhood. With 786 square feet of living space, it is notably smaller than most area homes, which is reflected in its below-average assessed value. The basement has been renovated, adding functional space. Its primary appeal lies in its affordability and lot size; the 2,646 sqft land parcel is actually above average for the immediate street and in line with the neighbourhood, offering valuable outdoor space relative to the home’s footprint.
This property would suit a specific buyer: first-time purchasers or investors seeking a lower-cost foothold in a central community. It’s a practical choice for those comfortable with a smaller, older home’s layout and potential maintenance, who prioritize land and location over square footage. A thoughtful perspective is that this home represents the “bones” of the neighbourhood—its value is heavily tied to the land and the potential it holds, whether for simple outdoor living or future expansion, more so than its current structure.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 786 sqft, the living area is significantly smaller than the average home in Daniel McIntyre (approx. 1,142 sqft) and across Winnipeg.
2. What is the neighbourhood like?
Daniel McIntyre is a mature, central Winnipeg community. The property’s assessed value is around average for this area, suggesting it fits the local market context despite its smaller size.
3. What are the main costs and value considerations?
The assessed value is notably low, which can translate to lower property taxes. However, the 1909 build date means potential maintenance or updating costs should be factored into any offer. The last known sale was in 2019 for $16.7k.
4. Is there potential to expand the living space?
The renovated basement adds usable space. Furthermore, the lot size is a key asset; at over 2,600 sqft, it is proportionally large for the home, presenting a clear opportunity for additions or landscaping that a larger lot in a newer suburb might not offer at this price point.
5. How does it compare to other homes on the street?
On Lipton Street itself, this home ranks below average in size, assessed value, and year built. Its lot size, however, is competitive. It is essentially a more affordable, compact alternative to larger houses on the same block.