Here is a summary of 201 Lipton Street, organized for direct webpage display.
Key Characteristics & Ideal Buyer Profile
This property at 201 Lipton Street is a standout with exceptional proportions relative to its immediate street. The primary strength is its size and value. It offers 2,088 square feet of living space and sits on a 3,779-square-foot lot. On Lipton Street, these figures place it in the top 2-4% of homes, which is a remarkably dominant position within a single block.
The assessed value is also elite for the street—top 2%—but is proportionally less dramatic relative to the whole city (top 23%). This suggests a home that offers a distinct size and lot advantage without carrying the absolute peak price tag across Winnipeg.
The home was built in 1911, which is older than the citywide average but perfectly standard for the Wolseley neighbourhood, where half the homes date from around 1916. This isn't a character outlier; it's consistent with its peers.
Where the appeal lies: The property delivers a premium that is very concrete—more house and more land than neighbors. For someone who values space and a generous lot within an established, central neighbourhood, this offers a significant step up without the scaling costs you might see for a similar difference in square footage elsewhere.
Who it suits: Buyers who want a home in Wolseley but have outgrown the typical bungalow footprint. It also suits someone who places high value on immediate street-level prestige, as the ranking against the 616 homes on Lipton Street is formidable. This is less ideal for someone seeking a move-in-ready modern build or a huge suburban lot, as the lot is below the citywide average and the house is over a century old.
Five Frequently Asked Questions
1. Is 201 Lipton Street a good value compared to other homes in Wolseley?
Yes, but the value is in the square footage, not the price per square foot. The assessed value ranks high on the street (top 12%) but is closer to average for the neighbourhood (top 23% citywide). You are paying a premium for being in an elite position on a single street, not necessarily for being the most expensive home in the broader area.
2. How does the 1911 build year affect the property?
The age is typical for the area, meaning the house has likely gone through many updates over its life. Buyers should budget for systems (electrical, plumbing, insulation) that may be older. The positive side is that homes from this era often feature solid construction and architectural details not found in newer builds. It is not a liability, but it is not a modern home.
3. Is a 3,779 sqft lot big enough?
It depends on your perspective. On Lipton Street, it is one of the largest lots (top 4%). In Wolseley, it is above average. However, compared to the citywide average of 6,570 sqft, it is smaller. If you are moving from the suburbs, the lot will feel compact. If you are moving from a similar urban neighbourhood, it will feel spacious.
4. What does “Top 2% on the street” actually mean for resale?
It means the home is a clear outlier in its immediate context. This is a double-edged sword. It suggests strong demand from buyers who specifically want the biggest home or lot on Lipton Street. However, it also means the property is less comparable to other sales nearby, which can sometimes make financing or appraisal a slightly more complex process.
5. How does this home compare to the average house in Winnipeg?
It is larger (2,088 vs. 1,342 sqft), on a smaller lot (3,779 vs. 6,570 sqft), and older (1911 vs. 1966) than the average Winnipeg home. Its assessed value is higher than the city average ($483k vs. $390k), reflecting its size and location premium. This is a home that trades character and urban space for a larger floor plan.