195 Lipton Street — Property Summary
Key Characteristics & Who It’s For
This is a 1910-built home in Winnipeg’s Wolseley neighbourhood with 1,227 sq ft of living space on a 2,834 sq ft lot. Its assessed value for tax purposes is $336,000.
The property stands out most on its own street. Among 616 homes on Lipton Street, it ranks in the top 13% for assessed value and the top 26% for lot size, meaning it’s one of the more substantial and higher-valued properties in the immediate area. The living space is slightly above the street average but noticeably below the Wolseley neighbourhood average (1,622 sq ft). The house is older than most in the city—built when much of Wolseley was developing—but sits right around the median age for the neighbourhood itself, so it’s not unusually old for the area.
Where this property’s appeal lies is in its combination of above-average lot size and value relative to its street, in a neighbourhood with strong character. Wolseley is known for its tree-lined streets, older homes, and walkable layout. A buyer here is likely someone who values being part of an established inner-city community, doesn’t need a massive house, and sees potential in a property with good bones on a lot that offers more outdoor space than many nearby. It may also appeal to buyers who want to avoid the higher prices deeper into Wolseley but still want to be in the same general area.
This property would suit a buyer looking for an older home with character in a well-located neighbourhood, who is comfortable with a property that is not the largest or most modern in the area but offers solid value relative to its immediate neighbours. It’s less suited to someone looking for a turnkey newer build or a large family home.
Frequently Asked Questions
1. How does the age of this property compare to other homes in Wolseley?
The house was built in 1910, which is only about six years older than the average home in Wolseley (1916). It is older than the citywide average (1966), but that’s typical for this neighbourhood.
2. Is the assessed value a good indicator of market price?
Assessed value is used for tax purposes and is not the same as market price. This home is assessed at $336,000, which is above the average on Lipton Street ($250,000) but slightly below the Wolseley neighbourhood average ($371,000). Market conditions and property condition will determine actual sale price.
3. How big is the lot, and what does that mean in practice?
The lot is 2,834 sq ft. That’s above average for Lipton Street (2,677 sq ft) but below average for Wolseley (3,434 sq ft) and well below the citywide average (6,570 sq ft). In an older neighbourhood like Wolseley, a lot this size is typical—enough for a yard and garden, but not sprawling.
4. How does the living space compare to other homes on the street?
At 1,227 sq ft, the living area is slightly above the average for Lipton Street (1,163 sq ft). It ranks in the top 39% on the street, meaning it’s on the larger side for immediate neighbours, though not exceptional.
5. What type of buyer typically looks at a property like this?
Buyers interested in this home are often drawn to established neighbourhoods with a strong sense of place, older architecture, and walkability. They tend to be willing to trade a newer, bigger home for character and location, and they’re usually prepared for some maintenance or updating that comes with a century-old house.