Property Summary: 751 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre offers a practical blend of historic charm and modern updates. Its key feature is a recently renovated basement, adding valuable finished living space to the home's total of 1,348 sqft, which is notably above average for both the immediate street and the neighborhood. Built in 1913, the home sits on a standard city lot with a detached garage.
The appeal lies in its strong positioning within a desirable inner-city community. The living space is generous for the area, and the renovated basement suggests a home that has been cared for and is move-in ready. It would suit first-time buyers or small families looking for character in a well-established neighborhood without taking on a major renovation project. A thoughtful perspective is that while the lot size is smaller compared to suburban standards, this often translates to less maintenance and a closer, more community-oriented streetscape, which is a hallmark of older Winnipeg neighborhoods.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices on the street?
The home's current assessed value is $23,900. A very similar home next door at 786 Lipton Street has a $270,000 assessment, and a home at 744 Lipton sold for $250,000 in March 2021. This suggests the official assessment for 751 Lipton Street may not reflect current market values, and a professional appraisal would be necessary.
2. Is the living space typical for the area?
Yes, and it's a standout feature. With 1,348 sqft, this home offers more living area than approximately 75% of comparable homes on Lipton Street and in the Daniel McIntyre neighborhood.
3. What does the lot size mean for outdoor space?
The lot is 2,345 sqft, which is typical for the core area but below the citywide average. It provides adequate space for a patio or garden but is not suited for extensive additions. The trade-off is a lower-maintenance yard and a classic, closer-knit neighborhood feel.
4. The home is over 110 years old. What should I consider?
While the renovated basement is a plus, the core structure and major systems (like plumbing, electrical, and the foundation) of a 1913 home require a thorough inspection. Its age is typical for the street, but understanding the condition of these original elements is crucial.
5. How does this property rank within the broader Winnipeg market?
The data shows a classic inner-city profile: its living space is competitive citywide, but its lot size and older age place it in a different category compared to post-war suburban homes. Its true value is best measured against similar character homes in established neighborhoods, not the citywide average.