Property Overview: 966 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Daniel McIntyre neighbourhood, built in 1912. With 680 sq ft of living space and a 2,338 sq ft lot, it is notably smaller than most homes on its street, in the area, and across the city. It features a detached garage and a basement that is present but not renovated.
Its primary appeal lies in its accessibility and potential. The assessed value is significantly below city averages, positioning this property as an entry point into the housing market. It suits a specific type of buyer: a first-time purchaser, an investor, or a downsizer seeking minimal upkeep and a lower financial barrier to entry. The appeal is pragmatic rather than luxurious—it's for those who value location and ownership over square footage. A thoughtful perspective is that a home of this size and vintage encourages a simpler, more intentional lifestyle, with lower utility costs and less space to maintain. Its "below average" size and value metrics could be reframed as efficiency and opportunity, especially for someone willing to renovate the basement over time to add functional space.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable?
No, the listing specifies the basement exists but is "not renovated." It should be considered raw space for future development or basic storage.
2. How does the assessed value compare to the likely sale price?
The home is assessed at $18,600. It last sold in April 2022 for $19,200. In Winnipeg, sale prices can vary significantly from the assessed value, which is used for property tax calculation. A buyer should research recent sales of similar homes in Daniel McIntyre for a current market price.
3. What does it mean that the home ranks "below average" in size compared to the street and city?
This data highlights that this is a smaller-than-typical home. On Lipton Street, for example, comparable homes average about 1,163 sq ft, making this property roughly half that size. This is a key consideration for space needs but also relates to its lower assessed value.
4. What is the significance of the detached garage?
A detached garage on a city lot is a valuable asset for parking, storage, or as a potential workshop space. It adds functional utility that the main house, due to its small size, may lack.
5. Who might this property not suit?
It would likely not suit a growing family needing multiple bedrooms, anyone requiring main-floor accessibility (as it is a one-storey with an unfinished basement), or a buyer seeking a move-in-ready home with modern, renovated spaces.