Property Summary: 613 Lipton Street, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, character home built in 1913, offering a practical footprint in the established Daniel McIntyre neighbourhood. With 1,188 sqft of living space, it sits comfortably around the average size for both the street and the area, providing a manageable layout. A key feature is its renovated basement, adding functional living space. The home includes a detached garage, a valuable asset in this inner-city setting.
Its primary appeal lies in its position as a solid, above-average offering within its immediate community. While its city-wide assessed value is modest, it ranks notably higher (Top 24%) against other homes in Daniel McIntyre, suggesting it is a well-regarded property in a popular locale. This presents an opportunity for value within a mature neighbourhood known for its convenience and character. The lot, while smaller than many city-wide, is typical for the area.
This home would suit a first-time buyer or a downsizer seeking a move-in ready character home without the upkeep of a larger property. It’s ideal for someone who values a central location, a renovated basement for extra flexibility, and a stable investment in a neighbourhood where this property stands out positively among its direct peers.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The property was last sold in July 2020 for $210,000. Its current assessed value is $229,000. It’s important to consult with a real estate professional for a current market valuation, as assessed values for tax purposes and market sale prices can differ.
2. Is the lot size a limitation?
At 2,348 sqft, the lot is below the city-wide average but is quite typical for the Daniel McIntyre area. It provides a manageable outdoor space with less maintenance, which can be a benefit for many buyers.
3. What does the "One & 3/4 Storey" building type mean?
This classic architectural style typically features a main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with sloped ceilings. It adds character but can mean slightly less full-height space on the upper level compared to a full two-storey home.
4. How does this home rank for its age?
Built in 1913, it is older than most homes across Winnipeg. However, within its own neighbourhood and street, its age is very typical (ranking in the top third), meaning you’re surrounded by homes of similar vintage and character.
5. What is the significance of its high ranking within Daniel McIntyre?
While average on its street, the home ranks in the top 24% by assessed value within the broader Daniel McIntyre area. This suggests it may offer better condition, updates, or desirable features than many neighbouring properties, potentially offering good relative value within this specific market.