1-172 Lilac Street

Property Overview: 1-172 Lilac Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a study in solid, above-average fundamentals within its immediate context. Its primary appeal lies in its generous living space for the area and its well-maintained character, given its age. At 1,116 sqft, it ranks in the top 3% for size on Lilac Street and is notably larger than many comparable homes in the Mcmillan neighbourhood. Built in 1923, it is the newest home on its street, suggesting it may have seen updates or sustained care that some older neighbours have not. The assessed value is consistently around the median across all comparison levels, indicating a stable, market-aligned valuation without premium or discount surprises.

This property would suit a pragmatic buyer who values space and established communities over modern construction. It’s ideal for someone who understands the trade-offs of a century-old home—potential for character and durability, alongside the need for ongoing maintenance. It appeals to those looking for a "best-in-street" option in terms of size and relative age, without the price tag of a fully renovated or new-build home. It represents a grounded choice in a city-wide market where its size is average, but within its micro-location, it stands out.

Section 2: Frequently Asked Questions

1. How accurate is the sold price range shown?
The listed range (CA$200k–250k for 2022) is based on available public data. For the exact historical sale price, you can request it via email from the site; they provide this detail manually without using your email for marketing.

2. What does its "top 3%" ranking for living area actually mean?
This specifically means that on Lilac Street itself, this home is larger than 97% of its 29 direct street peers. It’s a hyper-local advantage that may not be as pronounced when compared to the entire city, where its size is around average.

3. The home was built in 1923. Should I be concerned?
The age implies a need for a thorough inspection focusing on century-old home systems (wiring, plumbing, foundation). However, being the newest build on its street could indicate a history of better upkeep relative to immediate neighbours.

4. The assessed value seems "around average" in all categories. Is that good?
It suggests the property is not overvalued by the tax assessor relative to its community and the city, which can provide pricing stability. It’s neither a bargain-bin fixer-upper nor a premium-priced outlier, which can be a positive for fair property taxes and resale.

5. Who are the most relevant comparable properties?
The "Worth viewing" suggestions like 874 Dorchester Avenue are likely comparable in neighbourhood and vintage, but with different sizes and values. For true apples-to-apples comparisons, the "Nearby properties" on the same street (2-172, 3-172, 4-172 Lilac) are most critical, as they share the exact location and its unique advantages or constraints.