Here is a clean, standalone summary of the property at 117 Lipton Street, written in a natural and grounded tone.
Property Overview & Buyer Fit
This is a 1914-built home in Winnipeg’s Wolseley neighbourhood, offering 1,384 sq. ft. of living space on a 2,524 sq. ft. lot. Its key characteristic is a strong street-level position: on Lipton Street, it ranks in the top 23% for living area and the top 10% for assessed value. This means the home is meaningfully larger and more valuable than most of its immediate neighbours. However, at the neighbourhood and citywide levels, it sits much closer to the average.
The appeal here is specific. You get a home that stands out on its own block—a reliable choice if street-level resale value and relative size matter to you. But the lot is smaller than the Wolseley average and significantly smaller than the citywide norm for comparable homes. That trade-off is the reality of a mature, central neighbourhood. This property would suit a buyer who prioritizes a solid, above-average home on a good street and is less concerned with having a large yard or being a standout across the entire city. It’s a practical fit for someone who values location and interior space over land.
Frequently Asked Questions
1. How does this home compare to others on Lipton Street specifically?
Very favourably. It ranks in the top 10% for assessed value and top 23% for living area on this street. That means it is one of the larger and more valuable homes on the block.
2. Is the lot size a drawback?
It depends on your expectations. On Lipton Street, the lot is around average. But compared to the Wolseley neighbourhood as a whole, it is below average. If you are moving from a suburban area, you will notice the yard is compact.
3. What does the age of the home tell me?
Built in 1914, it is older than average for its street and neighbourhood, but it is unusually old compared to the rest of Winnipeg. Buyers should be prepared for the character and maintenance needs typical of a home over a century old.
4. Is the assessed value a good deal for this price point?
The home’s assessed value is above the street average ($365k vs. $250k), but it is slightly below the citywide average for comparable homes. This suggests the price reflects the home’s strong street-level standing rather than a premium based on the broader market.
5. How walkable or connected is this location?
While the data does not give walk scores, Wolseley is a well-known central neighbourhood in Winnipeg. Being on Lipton Street places you close to local amenities, older tree-lined streets, and the character of an established community—consistent with a buyer looking for an urban, non-suburban feel.