Property Overview: 972 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Daniel McIntyre is defined by a compelling contrast. Its living space (1,232 sqft) and assessed value are generally average for the immediate area, and the home itself, built in 1910, presents as a classic Winnipeg character property with an unrenovated basement and a detached garage. The standout feature is the land: at over 4,200 sqft, the lot size is in the top 5% for the neighbourhood and top 3% for the street, offering a rare amount of private outdoor space for the inner city.
The primary appeal lies in this generous lot, which provides significant potential. It suits a buyer looking for a solid, no-frills home in an established community who values space to garden, entertain, or envision future expansions like an addition, a large workshop, or a new garage. It’s a practical canvas. The buyer should be comfortable with the upkeep and potential updates expected of a century-old home, seeing the existing structure as a sound foundation rather than a finished product. Its recent sale also provides clear, current market context for valuation.
Section 2: Frequently Asked Questions
Q: How does the assessed value compare to the recent sale price?
A: The home was assessed at $23,300 and sold in April 2024 for $23,800. This close alignment suggests the sale was very near to the municipal assessment, providing a straightforward benchmark.
Q: What does "unrenovated basement" typically imply?
A: It likely means the basement retains its original or older state, possibly with concrete floors, basic finishes, and older mechanical systems. It offers functional space and storage but should be budgeted for potential updates or moisture-proofing evaluations common for homes of this era.
Q: Is the large lot a benefit for future resale?
A: Generally, yes. Larger lots in mature neighbourhoods are increasingly scarce and often sought-after. It provides flexibility that smaller lots do not, which can be a key differentiator, though the value is realized by buyers who specifically want that space.
Q: The home is older than average for the street. Should I be concerned?
A: Not necessarily. Many homes in the area are from a similar period. The key is the condition of major systems (roof, wiring, plumbing, foundation) which should be the focus of an inspection, rather than the age itself. Its construction year is around average for the broader Daniel McIntyre neighbourhood.
Q: How does this property rank for value in the city?
A: Context matters. While its assessed value ranks below the city-wide average (which includes newer suburban homes), it ranks above average for the Daniel McIntyre neighbourhood itself. This indicates it represents a solid value within its specific, established community context.