Property Overview: 918 Lipton Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, offering 912 square feet of living space on a modest 2,339 sqft lot in the Daniel McIntyre neighbourhood. Its key characteristic is value: with an assessed value significantly below both the local street and city-wide averages, it presents a clear entry point into the Winnipeg market. The home’s renovated basement adds functional living space, a notable asset in a smaller footprint.
The appeal lies in its practicality and location. It suits first-time buyers or investors seeking an affordable, low-maintenance property without a large yard or garage to manage. The home’s age and size mean utility costs and property taxes are likely manageable. A thoughtful perspective for this property is its potential as a "right-size" home for empty-nesters looking to downsize from a larger house but who wish to remain in a central, established community like Daniel McIntyre. It’s not a flagship property on its street, but rather a grounded, functional home that prioritizes financial accessibility over premium features.
Frequently Asked Questions
1. Is the renovated basement included in the square footage?
No, the 912 sqft living area refers to the main above-ground floor. The renovated basement provides additional, separate space.
2. How does the assessed value relate to the likely sale price?
The assessed value of $180k is for municipal tax purposes. The sale price will be set by the market. Notably, its assessed value is well below averages for the street and city, which can indicate a competitively priced listing.
3. What does "below average" land area mean for me?
The lot is smaller than most in the city, which means less outdoor maintenance. It may limit expansion possibilities but contributes to the home’s affordability.
4. Are there any major concerns with a house from 1912?
While the renovated basement is a plus, the core structure is over a century old. A thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and the roof.
5. How does this home compare to others on the same street?
The data shows this home has a smaller living area and lower assessed value than most on Lipton Street. This suggests it is one of the more modest and affordable options on the block, which can be an advantage for budget-conscious buyers.