Property Overview & Key Characteristics
This one-and-a-half storey home on Lipton Street in Daniel McIntyre is a classic Winnipeg character property with practical updates. Its key appeal lies in the balance of historic charm and modern functionality, featuring a renovated basement and a detached garage. With 1,115 sqft of living space, it sits around the average for its immediate area, making it a comfortably sized home for individuals, couples, or small families.
The home’s assessed value is notably lower than the city-wide average, which can represent an accessible entry point into the market or a lower property tax base. While the lot is smaller than typical city lots, it offers manageable upkeep. The year built, 1909, means buyers should appreciate the character of an older home but also be prepared for the maintenance that comes with it. This property would suit a first-time buyer looking for a home with original charm in a central neighbourhood, or an investor seeking a property with a renovated space that could serve as a potential rental unit (subject to local bylaws). Its appeal is grounded in practicality and location rather than luxury or size.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is significantly lower than both recent city-wide sale averages and the home’s last sale price in 2016. It’s important to consult with a real estate professional for a current market valuation, as assessed value for taxes is not a direct indicator of market value.
2. What are the implications of the home’s age (built in 1909)?
While offering character, a home of this age may have older building materials, electrical, and plumbing systems. A thorough inspection is essential to understand the condition and potential future investments needed, such as updates to windows, insulation, or the roof.
3. The lot size is noted as below average. What does this mean practically?
The 2,348 sqft lot means smaller outdoor spaces—both front and back yards will be compact. This reduces maintenance time and cost but also limits potential for large additions, extensive landscaping, or amenities like a large deck or pool.
4. The basement is renovated. What should I ask about this renovation?
It’s crucial to ask about the scope of the renovation: was it a cosmetic update or did it include foundational, waterproofing, or electrical work? Check for proper permits and consider how the space is currently used (e.g., living area, rental suite, storage).
5. How does this home fit within the Daniel McIntyre neighbourhood?
The metrics show this home is quite typical for Lipton Street and the broader Daniel McIntyre area in terms of size and age. It fits into an established, central community with a mix of similar character homes. The below-average assessment for the area could be an advantage, but it’s wise to research recent sales on the street to see current trends.