Property Overview & Key Characteristics
This one-and-three-quarter storey home on Lipton Street in Daniel McIntyre is a classic Winnipeg character property with updated practicality. Built in 1912, its 1,164 sqft of living space is typical for the immediate area, offering a comfortable footprint. A key feature is the renovated basement, adding functional living space. The home sits on a modest, manageable lot with a detached garage.
Its appeal lies in its balance of historic charm and modern convenience within a well-established neighbourhood. The renovated basement is a significant functional upgrade not always found in homes of this era. The property suits first-time buyers seeking an entry into the market with character, or practical investors looking for a solid, updated rental property. It’s also a fit for downsizers who want a lower-maintenance yard without sacrificing indoor space. A thoughtful perspective is that its "around average" metrics for the street and neighbourhood suggest a stable, predictable value proposition without the premium of a top-tier lot size or newness, which can be an advantage for budget-conscious buyers seeking authenticity over standout specs.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes. The last recorded sale was in 2019, and market conditions have changed significantly since then. The sale price will be determined by current market demand, the home's condition, and recent comparable sales in the area.
2. What are the implications of the smaller lot size?
At 2,346 sqft, the lot is below average for the city but typical for the central Daniel McIntyre neighbourhood. This means lower outdoor maintenance, which is a benefit for many, but less space for extensive gardening or large additions. The trade-off is often a more accessible price point and a central location.
3. The home is over 110 years old. What should I consider?
While the renovated basement is a plus, a pre-purchase home inspection is essential. Focus on the condition of original elements like the foundation, roof, wiring, and plumbing. Character homes have charm but require an understanding of ongoing maintenance typical for their age.
4. How does this home compare to others on the same street?
The data shows this home is very typical for Lipton Street in terms of living space, age, and assessed value. Its lot size is slightly below the street average. This consistency can be reassuring, indicating you are buying into a stable streetscape of similar properties.
5. What is the neighbourhood of Daniel McIntyre like?
Daniel McIntyre is a mature, inner-city neighbourhood known for its diverse community, character homes, and convenient access to amenities like the University of Winnipeg, hospitals, and major transit routes. It offers an urban lifestyle with a mix of residential and commercial streets.