182 Lipton Street – Property Summary
Key Characteristics and Buyer Profile
This is a 1912-built home in Winnipeg’s Wolseley neighbourhood, with 1,735 sq ft of living space on a 2,516 sq ft lot. Its assessed value is $385,000.
The property stands out most clearly on its own street. On Lipton Street, it ranks in the top 9% for living area and top 8% for assessed value. That means it’s one of the larger, more valuable homes on the block. On the Wolseley level, it’s closer to average in both size and value. City-wide, the living space is above average (top 20%), while the assessed value and lot size sit near or below the middle.
The lot is notably compact—within Wolseley it’s in the bottom 20% for land area, and city-wide it’s in the bottom 5%. The house itself was built in 1912, which is typical for the street and neighbourhood but old relative to Winnipeg as a whole.
Where the appeal lies: The home offers generous interior space at a price point that seems tied to its local market rather than its city-wide standing. For someone who values square footage and a strong street-level position over a large yard or a newer build, this represents a practical opportunity. The land size is the main trade-off: it’s a house with presence on a modest lot.
Who it suits: Likely buyers include people who want a substantial older home in a walkable, established neighbourhood like Wolseley, without paying a premium for land they don’t need. It may also appeal to someone who values being one of the larger homes on the street—a subtle but real advantage in terms of presence and resale positioning within that immediate area.
Possible FAQs
1. How does the lot size compare to other homes in Wolseley?
The lot is 2,516 sq ft, which is smaller than the neighbourhood average of 3,434 sq ft. On Lipton Street itself, it’s closer to the typical size, ranking in the top 38% for the street. So it’s a modest lot by neighbourhood standards, but not unusually small on its own block.
2. Is the assessed value of $385,000 in line with similar homes?
It’s above average for Lipton Street (average $250,000) but close to the Wolseley and city averages ($371,000 and $390,000 respectively). The value is strong for the street but typical for the broader area.
3. What does the 1912 build date mean for maintenance or renovations?
The home is old even by local standards—most homes on Lipton Street were built around 1919, and in Wolseley around 1916. City-wide, the average build year is 1966. A home this age will likely have had updates over time, but buyers should budget for systems and structural elements that may be original or nearing replacement. A pre-purchase inspection is recommended.
4. How walkable or convenient is the Wolseley location?
Wolseley is a well-established, walkable neighbourhood with a mix of older homes, tree-lined streets, and local shops. It’s close to the Assiniboine River, parks, and a short drive to downtown Winnipeg. The smaller lot also means less yard maintenance, which suits people who prefer to spend time in the neighbourhood rather than on property upkeep.
5. What’s the advantage of ranking high on the street but average in the neighbourhood?
Being one of the larger, higher-assessed homes on Lipton Street can help with long-term value retention within that immediate area. It means the property stands out favourably to buyers focused on that street. But since it’s not unusually large or valuable for Wolseley as a whole, it doesn’t carry the premium or risk that comes with being an outlier in the broader market.