Property Overview: 585 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Daniel McIntyre presents a practical and affordable entry point into Winnipeg’s housing market. Its key characteristic is its compact, efficient scale at 714 sq ft of living space, which is notably smaller than area averages. This is balanced by a renovated basement, adding functional space, and a lot size that is fairly typical for the immediate street. Built in 1928, the home is actually newer than many of its neighbours, potentially suggesting fewer concerns associated with the very oldest housing stock in the city.
The primary appeal lies in its value positioning. With an assessed value of $210k, it sits around the average for Lipton Street but well below city-wide averages, offering relative affordability. It suits first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance footprint without a major renovation project. The appeal is functional rather than luxurious—it’s a home for those who prioritize location and financial accessibility over sheer size. A thoughtful perspective is that its smaller scale can mean lower utility costs and less upkeep, aligning with a simpler, more efficient lifestyle.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 714 sq ft, the home is compact. It’s ideal for individuals, couples, or a very small family comfortable with efficient living. The renovated basement provides crucial additional flexible space.
2. How does the assessed value compare?
The $210k assessment is typical for Lipton Street but is considered below average when compared to the entire city. This suggests the property is priced within its local market context.
3. What does the 1928 build year mean for maintenance?
While nearly a century old, the home is actually newer than many in Daniel McIntyre. However, any home of this age will require consistent upkeep. A pre-purchase inspection is essential to understand the condition of major systems.
4. Is there potential for expansion or adding a garage?
The lot size (2,349 sq ft) is around average for the street but below the neighbourhood and city averages. Any significant expansion or addition of a detached garage would require careful planning to ensure it fits within lot coverage bylaws.
5. How stable is the value in this area?
The home last sold in 2016 for $190k. Its current assessed value shows appreciation, and its pricing remains competitive on its street. This indicates a stable, modest value trend in this specific micro-market.