Key Characteristics & Buyer Appeal
109 Lipton Street is a 1927 home in Winnipeg’s Wolseley neighbourhood with 1,248 sq ft of living space on a 3,790 sq ft lot. Its most notable feature is the land: on Lipton Street, only 4% of properties have a larger lot, and the lot is well above the street average of 2,677 sq ft. This gives the property more outdoor space than many nearby homes, which is uncommon for the area.
The assessed value sits at $443,000—ranking in the top 4% on the street and top 19% in Wolseley. That’s significantly above the street average of $250,000, which reflects both the larger lot and the home’s condition or updates. The living area is close to the street and city averages but below the Wolseley average, so the interior is not unusually large for the neighbourhood.
The 1927 build date is newer than the typical home on Lipton Street and in Wolseley, where most homes date from around 1916–1919. It’s older than the city average, but within this context, it’s a relatively later-built character home.
This property would suit buyers who want a character home in an established central neighbourhood, with a larger-than-typical yard for the street. It may appeal to someone who values outdoor space and a solid older home over a large interior. Given the assessed value relative to the street, it’s likely a premium property in its immediate area, so buyers should be comfortable paying above the local baseline.
Frequently Asked Questions
1. How does the property’s condition affect the assessed value?
The assessment of $443,000 is substantially above the Lipton Street average. This likely reflects updates, renovations, or superior condition, though the data doesn’t specify what those are. A buyer should verify the home’s actual condition through an inspection and recent permits, as the assessment alone doesn’t guarantee quality.
2. Is the living space small for Wolseley?
Yes. At 1,248 sq ft, the home is below the Wolseley average of 1,622 sq ft, ranking in the bottom 27% of the neighbourhood. For buyers who prioritize interior square footage, this may feel compact compared to other homes in the area.
3. Why is the land area ranked much lower citywide than on the street?
The lot is generous for Lipton Street (3,790 sq ft vs. 2,677 average) but smaller than the citywide average of 6,570 sq ft. This is typical for central neighbourhoods like Wolseley, where lots are generally smaller than in newer suburban areas. The ranking reflects that contrast.
4. Is a 1927 home likely to need major updates?
Homes from this era often require attention to electrical, plumbing, insulation, and windows. While the assessed value suggests the home may have been updated, a thorough inspection is essential. Also, note that the home is newer than many neighbours’, so it may have been built to slightly later standards.
5. What type of buyer typically chooses Wolseley?
Wolseley attracts buyers who want an older, walkable neighbourhood close to downtown, the river, and amenities like shops and parks. The area is known for its character homes and mature trees. This property’s larger lot might appeal to gardeners or those wanting more private outdoor space than is typical on similar streets.