Property Overview
This two-storey home on Lipton Street offers a blend of established character and practical space. Built in 1908, it features 1,389 sqft of living area, which is notably above average for both the immediate street and the Daniel McIntyre neighbourhood. The property sits on a 2,490 sqft lot and includes a basement, though it is noted as not being renovated. There is no garage or pool.
Its appeal lies in its generous interior space for the area and its position in a mature, central Winnipeg community. The assessed value is modest relative to the city-wide average, which can present an accessible entry point into the market. This home would suit a buyer who values older home character and is prepared for the maintenance or updates that come with a century-old property. It’s a practical choice for those seeking above-average square footage in this neighbourhood without a premium price tag, ideal for DIY enthusiasts or investors looking for a solid foundation to add value.
Frequently Asked Questions
1. What does "above average" living area mean for this neighbourhood?
In the Daniel McIntyre area, the average comparable home is about 1,142 sqft. This property’s 1,389 sqft places it in the top 18% for size locally, meaning it offers more interior space than most homes it would be compared against.
2. How should I interpret the assessed value?
The assessed value of $22,500 is above average for Daniel McIntyre but below average for Winnipeg as a whole. This typically indicates the property may be more affordable from a city-wide perspective but is priced in line with or slightly above its immediate local market.
3. What are the implications of the home being built in 1908?
The age indicates a classic two-storey character home. Buyers should budget for potential updates to older mechanical systems, insulation, or windows. It ranks as an older home even on a street and in a neighbourhood where many houses are from the early 20th century.
4. Is the lot size a constraint?
At 2,490 sqft, the lot is fairly typical for the street and neighbourhood. It provides standard backyard space for the area but is significantly smaller than the average city lot, which is often over 6,500 sqft in newer suburbs.
5. What can recent sale prices on the street tell me?
Nearby sales on Lipton Street in 2020 and 2021 show prices in a similar range. This suggests a stable, established market value for the street, providing a clear benchmark for recent transactions.