Property Overview: 914 Lipton Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Daniel McIntyre is a compact, character property built in 1912. With 827 sqft of living space and a renovated basement, it offers efficient, low-maintenance living. Its assessed value is notably strong for the immediate neighbourhood, ranking in the top 10% locally, which suggests it is well-maintained or has features valued above area norms. The lot is modest at 2,339 sqft, typical for the inner-city area, and includes a detached garage.
The primary appeal lies in its position as a relatively affordable entry point into a mature, established community. It suits first-time buyers, downsizers, or investors seeking a straightforward property with recent basement updates. A thoughtful perspective is that while the home's living space is below area averages, its above-average assessment for Daniel McIntyre could indicate a "best-in-class" status for homes of its type and era on the block, potentially offering a balance of charm and prudent investment in a central location.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for $250,000 in May 2021. Its current assessed value is $26,300. It's important to note that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes and are typically much lower than market sale prices.
2. Is the house small compared to others nearby?
Yes. At 827 sqft, the living area is below the average for both Lipton Street and the wider Daniel McIntyre neighbourhood. This positions the home as a more compact, manageable option.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or listing agent to understand the finish, ceiling height, legal compliance, and intended use (e.g., living space, laundry, storage).
4. How does the lot size affect potential for expansion or outdoor space?
The land area of 2,339 sqft is below average for the street and city. This means yard space is limited and may restrict potential for large additions or extensive landscaping, but it also translates to less exterior upkeep.
5. The home is over 110 years old. What should I consider?
While the systems (roof, wiring, plumbing, foundation) may have been updated over time, a pre-purchase home inspection is essential for a property of this age to understand the condition and anticipate any needed maintenance or upgrades not immediately visible.