Property Overview: 860 Lipton Street, Winnipeg
Key Characteristics & Appeal
This is a 1,440 sqft, one-and-three-quarter storey home built in 1903, situated in the Daniel McIntyre neighbourhood. Its key appeal lies in its above-average living space for both the street and the immediate area, offering more room than many comparable local homes. The property sits on a modest 2,341 sqft lot. It has a basement, but it is noted as not renovated, and there is no garage or pool.
The home’s assessed value is notably higher within Daniel McIntyre compared to the broader city, suggesting it is viewed favorably in its specific neighbourhood context. Its 1903 construction date makes it a genuine character home, but this also implies a need for careful attention to maintenance and updates.
This property would suit a buyer looking for a character home with generous interior space in a central neighbourhood, who is prepared for the realities of an older building. It’s a practical choice for those valuing location and space over modern finishes or a large yard, and could appeal to an owner-occupant comfortable with gradual renovations or an investor familiar with the area’s rental market.
Frequently Asked Questions
1. What does "above average living area for the neighbourhood" actually mean?
The data shows this home's living space ranks in the top 15% of comparable homes in Daniel McIntyre, meaning it offers more square footage than most similar properties in the immediate area, which is a significant practical advantage.
2. The assessed value seems low city-wide but high for the neighbourhood. Why?
The assessment reflects the property's value relative to its immediate peers. Its value ranks well within Daniel McIntyre (top 20%), indicating it's a solid property for the area. The lower city-wide ranking reflects the generally higher property values in newer suburban neighbourhoods with larger lots.
3. What should I consider about a home built in 1903?
While offering classic charm, a home of this age requires a thorough inspection. Key considerations include the condition of the foundation, plumbing, electrical systems, and insulation. The unrenovated basement also suggests potential for updates or moisture management.
4. How does the lack of a garage and smaller lot impact daily life?
This means relying on street parking and having limited private outdoor space. It suits a lifestyle less dependent on vehicle storage and more focused on indoor living space. The trade-off is a lower-maintenance yard but less privacy.
5. The home sold recently in July 2023. What does that indicate?
The recent sale provides a clear, modern market price benchmark (22.40k), which is crucial for understanding current value. It suggests the property is likely being resold quickly, so understanding the seller's motivation could be important.