Property Overview: 6 Lipsett Crescent, Winnipeg
Key Characteristics & Appeal
This 1974 home in River West Park presents a compelling mix of space, value, and location. Its primary appeal lies in its generous 10,280 sqft lot, which is significantly larger than most properties in both the neighborhood and city-wide, offering excellent outdoor potential. With 1,194 sqft of living space, the home is more compact than its immediate neighbors but aligns closely with the average Winnipeg house. The assessed value of $438k sits comfortably within its local market while ranking above average city-wide, suggesting a solid value proposition for the area.
The property is ideally suited for buyers who prioritize land size over interior square footage—perfect for those dreaming of gardens, expansions, or simply more private outdoor space. It’s a practical choice for first-time buyers or downsizers seeking a established home in a mature neighborhood without a premium price tag, especially when compared to newer or larger homes on the same street. A thoughtful perspective is that this home offers a "right-sized" interior that’s easier to maintain, paired with a lot that provides future flexibility, making it a strategic entry into a desirable community.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area is below the average for both Lipsett Crescent and the broader River West Park neighborhood. However, it is very close to the average size for a home across Winnipeg, offering a typically sized interior on a much larger-than-typical lot.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($438k) is a municipal valuation for tax purposes. Notably, it is above the Winnipeg average but around the average for this specific street and neighborhood. Recent sold data suggests homes here transact within a competitive range, but for precise historical sale prices, a manual lookup is required.
3. What are the implications of the large lot size?
The lot is a standout feature, ranking in the top 12% in the neighborhood and top 6% city-wide. This could allow for landscaping, recreational space, or potential future additions (subject to zoning and permit approvals). It also may contribute to the above-average city-wide assessed value.
4. The home was last sold in late 2022. What does that mean?
A sale in December 2022 provides a relatively recent market price point, which can be a useful benchmark. Market conditions may have shifted since then, so current valuations should be verified.
5. How can I get exact historical sold price data for this property?
The provided sold price is given as a range. Due to data source rules, exact sold prices are not displayed publicly on the site. You can request the exact figures via email, and the team will manually look up and send the verified transaction history.