237 Lipton Street – Property Summary
Section 1: Key Characteristics, Appeal & Ideal Buyer
This is a 1907 house in Winnipeg’s Wolseley neighbourhood with 2,048 square feet of living space and a 3,775-square-foot lot. Its assessed value is $450,000.
What stands out most is the size. On its own street, it ranks in the top 2% for living area and top 3% for assessed value — a clear outlier compared to neighbouring homes, which average just 1,163 square feet. The lot is also generous for the street (top 5%), though modest by citywide standards. The trade-off is age: it’s an older home, even by Wolseley’s standards (built 1907, versus a neighbourhood average of 1916). That’s less a flaw and more a fact of life in this area.
The appeal lies in getting a large, character-rich house in an established, walkable neighbourhood without paying downtown or newer-suburb prices. The assessed value is strong relative to the street, but still reasonable compared to citywide averages for similar homes. In short: you get space and presence that’s rare on the block.
This property suits: Buyers who want a home with original character and room to spread out — likely someone comfortable with an older house’s quirks and maintenance, who values square footage over turn-key finishes. It could also appeal to someone looking for a renovation project with good bones in a desirable pocket of Winnipeg. It’s less suited to anyone wanting a low-maintenance newer build or a large suburban lot.
Section 2: Five Possible FAQs
1. How much living space does this house actually offer compared to other homes nearby?
It’s one of the largest houses on Lipton Street (top 2%), with 2,048 square feet. For context, the average home on this street is about 1,163 square feet, so you’re getting nearly double the space of a typical neighbour.
2. The house was built in 1907 – should that be a concern?
It’s older than 94% of homes on its street and 96% citywide, so yes, it’s an early-1900s property. That often means solid construction, good bones, and character details — but it can also come with older plumbing, electrical, or insulation. A thorough home inspection is strongly recommended, especially for the foundation, roof, and systems.
3. Is the assessed value of $450,000 high for this neighbourhood?
It’s above average for Wolseley (top 17% in the area) and notably higher than the street average of $250,200. However, relative to citywide comparables (average $390,100), it’s not out of line — you’re paying for the extra square footage and lot size.
4. How big is the lot, and what does that mean practically?
The lot is 3,775 square feet — top 5% on Lipton Street, but below average citywide (where lots often exceed 6,500 sq ft). It’s a comfortable urban lot: enough for a good-sized yard, garden, or patio, but not sprawling. Driveway and garage space may be limited, so check those details directly.
5. Who typically lives in Wolseley, and is this house a good fit for the area?
Wolseley is known for its older homes, tree-lined streets, and mix of families, artists, academics, and long-time residents. This house would fit someone who appreciates that character — it’s not a cookie-cutter suburb. If you want a quiet, walkable neighbourhood with local shops and parks, this is a strong match. If you prefer newer construction or a larger yard, you might look elsewhere.