Property Summary: 758 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 758 Lipton Street is a modern standout in the Daniel McIntyre neighbourhood. Built in 2018, it is a notably newer construction compared to the area's predominantly early-20th century housing stock. With 936 sqft of living space and a renovated basement, it offers efficient, contemporary living on a compact 2,345 sqft lot.
The primary appeal lies in its combination of low-maintenance modernity and a highly attractive property tax base, thanks to an assessed value significantly below area averages. This creates a compelling value proposition: you get a recent build without the typical corresponding tax burden. The home suits first-time buyers seeking a move-in-ready property without extensive upkeep, or investors looking for a modern rental in a central location. Its smaller scale and efficient layout may also appeal to downsizers. A thoughtful perspective is that this property represents a "best of both worlds" scenario for the neighbourhood—enjoying the character and convenience of Daniel McIntyre while sidestepping the major maintenance concerns and restoration costs often associated with its older homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value of approximately $32.9k is for taxation purposes only and is not an indicator of market value. It reflects a provincial tax assessment formula. The home's recent sale prices provide a more accurate gauge of its market worth.
2. How does the living space compare to the neighbourhood?
At 936 sqft, the living area is slightly below the average for both Lipton Street and Daniel McIntyre. This indicates a efficient, compact layout, which is typical for newer infill builds and contributes to lower utility costs.
3. What are the implications of such a new build in this area?
A 2018 construction date means major components like the roof, furnace, and windows are under a decade old, minimizing immediate repair risks. This is a key advantage over most neighbouring properties, which are over a century old.
4. Is the lot size a limitation?
The land area is smaller than most in the city, which limits expansive outdoor space but also reduces yard maintenance. It reflects a modern, efficient use of urban space and is consistent with newer infill developments.
5. What is the historical price trend for this property?
Public records show sales in 2019 and 2021, both in the range of $30k. It is crucial to understand these are likely nominal sale prices related to the lot or a pre-construction transaction, not the sale of the completed home. The current market value would be substantially higher.