Property Overview: 915 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood, built in 1911. With 1,245 sqft of living space, it offers a practical layout that is competitively sized for both its immediate street and the broader area. The property features a detached garage and a basement that is noted as being unrenovated, presenting a clear opportunity for customization.
Its primary appeal lies in its value proposition and location. The home’s assessed value is notably below the citywide average, positioning it as an accessible entry point into the market. It suits first-time buyers or practical investors looking for a character home without a premium price tag. The lot, while smaller than average, translates to lower maintenance—an often-overlooked benefit for those seeking a urban lifestyle without extensive yard work. This isn’t a move-in-ready showcase; its appeal is for those who see potential in a solid, century-old structure and are prepared for the project an unrenovated basement represents.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects a valuation for tax purposes and can indicate a lower annual tax burden. It often corresponds with the home’s sale price being more accessible compared to newer builds, but a professional appraisal is recommended.
2. What does "basement, not renovated" imply?
It means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and have a thorough inspection to assess the foundation, plumbing, and electrical systems common in homes of this era.
3. How does the smaller land area affect me?
The lot is compact, which limits expansive outdoor space but reduces upkeep time and cost. It’s a practical fit for individuals, couples, or small families who prioritize location and home interior over a large yard.
4. What is the neighbourhood like?
Daniel McIntyre is an established, diverse inner-city community. It offers historic character, local amenities, and connectivity. As with any urban neighbourhood, it’s wise to visit at different times to gauge street activity and noise levels personally.
5. Are older homes like this expensive to maintain?
They can require more attentive upkeep than a new build. Key considerations include the age and condition of the roof, windows, and heating system. Setting aside a maintenance fund is a responsible step for any buyer of a 115-year-old home.