Here is a clean, standalone summary of the property at 211 Lipton Street.
Key Characteristics & Buyer Profile
This 1907 home offers 2,042 square feet of living space on a 3,778-square-foot lot. Its standout feature is its size and value relative to its immediate surroundings. On Lipton Street, the home ranks in the top 3% for both living area and assessed value, meaning it is significantly larger and more valuable than its direct neighbours, where the average living area is just 1,163 sqft.
The property sits in the established Wolseley neighbourhood, an area known for its older homes and character. While the house is older than most nearby (ranked in the bottom 11% locally by year built), it is priced above the neighbourhood average, which suggests recent updates or inherent quality. Citywide, the lot size is below average, but this is typical for an inner-city location where land is at a premium.
The appeal lies in the contrast between the home’s street-level prominence and its broader citywide value. It is a large, stately home on a desirable block, but it is not priced like a luxury property relative to all of Winnipeg. The assessed value ranks in the top third citywide, not the top 10%, which may indicate a practical price point for what you get.
This property would suit a buyer who values a commanding presence on a specific street more than raw square footage or a new build. It is ideal for someone who wants a large home in a historic, walkable neighbourhood like Wolseley, who appreciates older construction and is prepared for the maintenance it requires, but who also wants to avoid the premium price tag of a top-tier citywide property. It is less suited for buyers seeking a large yard or a move-in-ready modern home.
Five Possible FAQs
1. How does the home’s age affect my buying decision?
The house was built in 1907, making it older than 96% of homes across Winnipeg. This typically means original character like high ceilings and solid construction, but also potential for outdated systems (plumbing, electrical, insulation). A thorough home inspection is essential to understand the condition of these major components.
2. The assessed value is $460,000, but the street average is much lower. Why?
The street average is only $250,200, which pulls down many of the nearby homes. Your property is ranked in the top 3% on Lipton Street, meaning it is one of the most valuable homes there. The citywide average for similar homes is $390,100, so the $460,000 assessment reflects that this is a larger and likely higher-quality home than most comparable properties citywide.
3. Is the lot size a problem for a family?
At 3,778 sqft, the lot is above average for Lipton Street and the broader Wolseley neighbourhood, but it is below average citywide. In Winnipeg, the citywide average lot is large (6,570 sqft), so this yard is smaller than what you would find in a newer suburban development. However, for an inner-city home, it is a generous, usable yard—not a postage stamp. It suits those who want outdoor space without the maintenance of a huge lot.
4. How does this home compare to other recent sales in Wolseley?
This specific data does not include sale prices, only assessed values. However, being ranked in the top 15% of assessed value within Wolseley suggests it is a more expensive home than most in the area. Actual sale price will depend on condition and market demand, but it is positioned above the middle of the pack for the neighbourhood. You would want to look at recent sold comparables specifically in Wolseley to see how the assessed value aligns with real market prices.
5. What does being in the “top 3%” on the street actually mean for resale?
It means this property is the exception, not the rule, on Lipton Street. When you sell, your buyer pool will be limited to those who can afford the top end of the street’s price range. However, being a standout home on a good block can also attract buyers who value being the best house on the street. The low street average also means that nearby cheaper sales won't drag your value down as much as they might for an average-priced home.