119 Lipton Street – Property Summary
Key Characteristics & Appeal
This 1913 home on Lipton Street in Wolseley stands out most for its size. With 2,046 square feet of living space, it ranks in the top 3% on its street and top 10% city-wide. The lot is also generous by local standards—3,789 square feet places it in the top 4% on the street and top 21% in the neighbourhood. That means more indoor room and outdoor space than most nearby homes, in a part of the city where lots tend to run smaller.
The assessed value of $446,000 reflects this premium. On Lipton Street, the average assessment is about $250,000, so this property is significantly above the norm for the immediate area. It’s also above average for Wolseley ($371,000) and for Winnipeg overall ($390,000).
Year built (1913) is older than the city average, but in line with the character of the neighbourhood. Wolseley is known for its pre-war homes and established tree-lined streets, so this fits. Buyers who appreciate period architecture, generous room sizes, and a more walkable, established community will be most drawn to it. It’s less suited for someone looking for a newer, low-maintenance home on a large suburban lot, or for a buyer who prioritizes the lowest possible property tax bill relative to neighbours.
Frequently Asked Questions
1. How does the property tax compare to similar homes in Wolseley?
The assessed value is $446,000, which ranks in the top 18% in the neighbourhood. That means property taxes are above average for the area, but not the highest. The higher assessment is largely driven by the home’s larger living area and lot size.
2. Is the home’s age a concern?
Built in 1913, it’s older than many homes in Winnipeg, but typical for Wolseley. Buyers should budget for potential updates to systems (electrical, plumbing, insulation) and maintenance on original features. An inspection is especially important for homes of this era.
3. How does the lot size compare to newer Winnipeg homes?
The 3,789 sqft lot is generous for Wolseley and the street, but smaller than the city-wide average of 6,570 sqft. That reflects Wolseley’s older, more established layout. If a large, private yard is a top priority, this may feel tight; for the neighbourhood, it’s actually above average.
4. What type of buyer typically looks at this property?
People drawn to Wolseley’s character, walkability, and older homes. It also appeals to buyers who want more square footage than what’s common in the area—families needing extra room, or someone who wants a home office or guest space without moving to a less central neighbourhood.
5. How does this home compare to others currently for sale on Lipton Street?
It ranks in the top 4% for both living area and lot size on the street. So among active or recent listings nearby, it would be one of the larger options. The assessed value is also higher than most, which suggests it’s a premium property for the street rather than an entry-level choice.