Property Overview
This home at 7 Lipsett Crescent in Winnipeg’s River West Park neighborhood presents a balanced offering of space and value. Its key appeal lies in its generous, above-average lot size of over 10,000 sqft—a standout feature that ranks in the top 6% city-wide—paired with a practical 1,592 sqft living area. Built in 1974, it is newer than most Winnipeg homes and is the newest on its block. With an assessed value of $502k, it sits above average for both its street and the city, suggesting a solid level of investment for the area.
The property suits buyers looking for a established neighborhood with room to breathe. It’s ideal for those who prioritize outdoor space for gardening, play, or future expansion over having the largest interior on the block. The data indicates a home that offers more land than typical, in a stable setting, making it a sensible choice for growing families or anyone seeking a long-term home with a valuable and sizable yard.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold in February 2023 for between $400k and $450k. Its current assessed value of $502k is above both that sale price and the city-wide average, indicating a strong perceived increase in value.
2. Is the house larger or smaller than others nearby?
The living area is close to the average for both Lipsett Crescent and the River West Park neighborhood. Its size is more notable city-wide, where it ranks above average, but the true spatial advantage here is the lot, not the interior square footage.
3. What does the lot size ranking actually mean?
Ranking in the top 6% city-wide for land area means this property’s lot is significantly larger than most in Winnipeg. On its street, it’s about average, but within the broader neighborhood and city, the yard is a substantial and relatively rare asset.
4. The home is from 1974. What should I consider?
While it’s the newest house on its street, a 1974 build means core components like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is essential, though the newer construction date relative to city averages can be a positive.
5. How can I get the exact past sale price?
The provided sold price is an estimated range. Due to industry regulations, exact MLS sale figures are not published on this site. You can request the precise transaction history by emailing the site directly for a manual lookup.