Property Overview: 718 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1910. With 1,288 square feet of living space, it offers a comfortable size that ranks above average for the immediate neighborhood. A key feature is its renovated basement, adding functional living space. The lot is a standard city size for the area at 2,346 sq ft.
Its primary appeal lies in its established location and the value proposition of a renovated, move-in-ready character home. The data suggests it sits in a modest yet stable segment of the market, with an assessed value that is typical for the street and neighborhood. It’s a property that offers history and charm without being a top-tier restoration project, thanks to the updated basement.
This home would suit a first-time buyer or a small household looking for an authentic neighborhood feel close to downtown amenities. It’s also a practical fit for someone who appreciates older home aesthetics but wants some of the work already done. A less obvious perspective is that its very average metrics for the area could represent a lower-risk, predictable investment in a well-established community, as opposed to a property that stands out as exceptionally high or low in its peer group.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 1,288 sq ft, the living area is actually above the average for both Lipton Street and the wider Daniel McIntyre neighborhood, offering more interior space than many comparable local properties.
2. Is the assessed value a good indicator of the likely sale price?
The assessed value is a municipal tax valuation. Notably, the last recorded sale in 2021 was close to this assessment, but a prior sale in 2019 was significantly higher. Market conditions, the renovated basement, and buyer demand will ultimately determine the sale price.
3. What does the "below average" land area ranking mean?
While the lot is smaller than the citywide average, it is very typical for the central Daniel McIntyre area. The ranking reflects Winnipeg’s many newer suburbs with larger lots, not a deficiency for this neighborhood type.
4. As a home from 1910, what should I be mindful of?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should prioritize inspections for foundational integrity, original plumbing and electrical updates, and the condition of the main-floor envelope (windows, insulation) to balance the charm with modern efficiency.
5. How does this property fit into the local market context?
The data shows this home consistently ranks in the middle tiers for its street and neighborhood across key metrics. This suggests it is a representative, core property for Daniel McIntyre—not a standout luxury renovation or a distressed property, but a solid, central community home.