Property Overview: 342 Lipton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, early 20th-century home in the St. Matthews neighbourhood, built in 1910. With 690 square feet of living space, it is notably smaller than most homes in the area and across Winnipeg, positioning it as a minimalist or entry-level option. The assessed value of $199,000 is fairly typical for St. Matthews but sits below the averages for its specific street and the wider city, suggesting a potentially accessible price point for the neighbourhood.
The appeal lies in its efficiency and location. It represents a lower-barrier entry into a mature community, suited for a first-time buyer, an investor, or someone looking to downsize without leaving a central area. The lot size is fairly standard for the street, offering a manageable outdoor space. A thoughtful perspective is that its smaller size and older vintage could translate to lower utility costs and a tangible connection to the city's architectural history, appealing to those seeking a simpler footprint. This property would best suit practical buyers who prioritize location over space, and who are comfortable with a home that may require updates reflective of its age.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 690 sqft, the living area is significantly smaller than the local average. On Lipton Street, comparable homes average about 1,163 sqft, placing this property in the smaller segment of available homes.
2. Is the assessed value in line with the neighbourhood?
Yes. The $199,000 assessment is very close to the St. Matthews area average of $205,000. It is, however, below the average for Lipton Street itself ($250k) and well below the Winnipeg city-wide average.
3. What is the history of sales for this property?
Available data indicates previous sales in June 2024 and March 2017, both within the $150,000 to $250,000 range. Exact sale prices require a manual lookup request through the site.
4. How old is this home, and is that typical?
Built in 1910, it is 116 years old. This is older than the average home on its street and across Winnipeg, but is around the typical age for the historic St. Matthews neighbourhood.
5. What are the comparable properties nearby?
Nearby references on Lipton Street include homes from the same era (1910-1912) with varying sizes and assessments, such as 319 Lipton St. (759 sqft, $237k assessment) and 405 Lipton St. (1,263 sqft, $193k assessment).