Property Overview: 773 Lipton Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre is defined by its generous, above-average lot size of over 3,500 sqft—a standout feature that offers more outdoor space than most properties on its street and in the immediate area. Built in 1912, the home features a renovated basement and a detached garage. With 1,130 sqft of living space, it sits around the average for the neighbourhood, offering a practical footprint.
The appeal here is rooted in value and potential. The assessed value positions it as an above-average offering within Daniel McIntyre, suggesting a solid value proposition for the area. The large lot is a significant asset, providing rare space for gardening, expansion, or simply more privacy in an inner-city neighbourhood. It suits first-time buyers or practical investors looking for a character home with a major lot advantage, without a premium city-wide price tag. It’s a property for those who see more value in land size and location than in a modern, large house, and who are comfortable with a home that has a century of history.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
While the assessed value is a municipal tool for calculating property taxes, here it indicates the home is considered a higher-value property within the Daniel McIntyre neighbourhood itself, but remains well below the city-wide average. This often points to a location that is established and desirable within its specific community.
2. How significant is the lot size?
Very. The lot is in the top 13% for size in Daniel McIntyre, meaning you're getting substantially more land than most nearby properties. This is a long-term advantage for privacy, outdoor use, and future property value.
3. What should I consider about a home built in 1912?
While it offers classic character, it’s essential to have thorough inspections for foundational integrity, wiring, and plumbing. The renovated basement is a plus, but focus on the updates to the core systems. Its age is typical for the charming streets of Daniel McIntyre.
4. How does the living space compare?
At 1,130 sqft, it's very typical for the area—neither unusually small nor large. It’s a manageable size for a smaller household. The "one and three-quarter" storey design often means functional, character-filled rooms, potentially with cozier second-floor spaces.
5. What is the context of the last sale price?
The home sold for $23.5k in March 2018. This historical figure is useful for tracking market trends, but it is not indicative of current value. The current assessed value and recent comparable sales in the area are far more relevant for today’s market price.