This 1,740 sqft home on Lipton Street in Wolseley offers more interior space than most nearby properties—ranking in the top 8% on the street and top 19% citywide. The assessed value of $336k sits above the street average ($250.2k) but slightly below the neighbourhood and city medians, suggesting the home is priced competitively relative to its size. Built in 1911, the house is older than the Winnipeg average (1966) but typical for Wolseley, where many homes date between 1916 and 1919. The land area of 2,926 sqft is slightly above the street average but well below the citywide norm (6,570 sqft), reflecting a compact urban lot.
The appeal lies in the combination of generous interior space, a strong street-level value ranking, and a location in a sought-after neighbourhood known for its character homes and mature tree canopy. This property would suit buyers who prioritize living area over lot size—families or couples wanting ample room inside without the maintenance of a large yard. It also fits those who are drawn to older homes with neighbourhood character, and who are comfortable with a property that is priced below the typical citywide value for its living area, potentially offering room for equity growth. Less obviously, the data hints at a potential disconnect: while the home is larger than average across all three geographic levels, its assessed value lags behind neighbourhood and city medians, which may point to interior finishes or systems that are dated—worth investigating during a viewing, but also a possible opportunity for a buyer willing to invest in updates.
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How does the size of this home compare to others on Lipton Street?
At 1,740 sqft, it’s significantly larger than the street average of 1,163 sqft. On Lipton Street, only about 50 homes are bigger, placing it in the top 8%.
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The assessed value is $336k—is that high or low for the area?
It’s well above the street average ($250.2k), likely because bigger homes on the street tend to be worth more. But it’s slightly below the Wolseley average ($371.3k), meaning you’re getting more space for closer to the lower end of the neighbourhood price range.
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The house was built in 1911. What should I know about older homes in Wolseley?
Many homes in Wolseley are from the 1910s, so you’re not alone. Expect possible older wiring, plumbing, or foundation work, but also solid construction and often good bones. It’s wise to budget for updates and get a thorough inspection.
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The land area is 2,926 sqft—is that small?
It’s about average for Lipton Street (top 23%), but small compared to typical Winnipeg lots, many of which are over 6,000 sqft. This is common for older, walkable neighbourhoods where lots are compact. Expect less lawn and more patio or garden space.
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Could this be a good investment property?
Possibly. The combination of above-average living area, below-neighbourhood assessed value, and a desirable location could mean the property is undervalued relative to its size. That said, the older construction and smaller lot may limit resale appeal if buyers prioritize land over square footage.