Property Overview: 743 Lipton Street, Winnipeg
Key Characteristics & Appeal
This is a compact, character home in Winnipeg's Daniel McIntyre neighbourhood, built in 1928. Its primary appeal lies in being a manageable, updated property on a larger-than-average lot for the area. With 876 sqft of living space and a renovated basement, it offers efficient living without the maintenance burden of a much larger house. The detached garage adds practical utility.
The home’s data reveals a nuanced position: while its living space is modest compared to city-wide averages, it sits on a land parcel (3,096 sqft) that is notably larger than most of its immediate neighbours and in the top 18% for Lipton Street. This presents a subtle opportunity for future expansion or outdoor enjoyment relative to nearby properties. The assessed value is solid for the local area, suggesting a stable, established setting.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors seeking an entry into the market with a renovated, low-maintenance footprint. It’s for those who value a classic neighbourhood feel, potential outdoor space, and a home that doesn’t require immediate major updates.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 876 sqft, the living area is smaller than the average home on Lipton Street (1,163 sqft) but is compensated by a renovated basement adding functional space. It represents a more efficient, easier-to-maintain floor plan.
2. What does the assessed value indicate?
The assessed value of $23,200 is around average for Lipton Street but above average for the broader Daniel McIntyre neighbourhood. This often reflects the home’s updated condition and desirable lot size within its specific local context.
3. Is the lot size a significant feature?
Yes. The 3,096 sqft lot is in the top 18% on Lipton Street, meaning it’s larger than most direct neighbours. This is a less obvious advantage, offering more private outdoor space or future potential than is typical for the street.
4. What is the significance of the home’s age?
Built in 1928, the home is newer than many in the immediate area (ranking in the top 17% on its street for year built). This can sometimes correlate with slightly updated building materials or layouts from the era, though all homes of this age require diligent maintenance.
5. Who are the typical buyers in this area?
Daniel McIntyre attracts a mix of first-time homeowners, long-term residents, and investors due to its central location, character homes, and relative affordability. This property, with its renovations and manageable scale, is particularly suited to those looking for a move-in-ready home in a established community.