Property Overview: 848 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1911, presents a classic character property with practical updates, notably a renovated basement. At 920 sqft of living space, it is a comfortably sized home that sits around the average for its immediate street but is more compact compared to broader city averages. The detached garage adds valuable storage or parking.
Its primary appeal lies in its position within the established Daniel McIntyre neighbourhood. The data reveals a thoughtful perspective: while the home’s physical size and lot (2,342 sqft) are below area averages, its assessed value of $240k ranks well above average for the neighbourhood. This suggests the property is valued for more than just square footage—likely its location, renovated condition, and the charm of a well-maintained older home. It last sold in 2016 for $220k.
This home would suit a first-time buyer or a downsizer seeking an affordable entry into a central Winnipeg community without a major renovation project. It’s for someone who values character and location over sheer space, and who appreciates a home that stands out positively in its local market in terms of assessed value.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 920 sqft, the living area is very close to the average for Daniel McIntyre (~1,142 sqft) but is more compact than the typical Winnipeg home. The lot size is also smaller than most in the city, offering lower maintenance.
2. What does the assessed value tell us?
The $240k assessment is notably above the neighbourhood average, ranking in the top 18%. This often reflects desirable factors like renovations, condition, and precise location that aren't captured by size or age alone.
3. Is the home older than most?
Built in 1911, it is older than most homes city-wide, but is typical for its street and central neighbourhood, where character homes from this era are common.
4. What is the neighbourhood context?
Located on Lipton Street in Daniel McIntyre, the property is part of a dense, established community. The data shows homes here vary widely in size and value, indicating a diverse streetscape.
5. How has its value changed?
It last sold in October 2016 for $220,000. The current assessed value of $240k indicates a growth in value over that period, consistent with market trends and possibly the completed renovations.