209 Lipton Street

209 Lipton Street – Property Summary

Key Characteristics & Buyer Fit

This 1913 home in Wolseley stands out most for its lot size and assessed value relative to its street. The 3,779 sqft lot ranks in the top 4% on Lipton Street and top 21% in the neighbourhood, which is significant for a central Winnipeg area where larger lots are uncommon. The home’s assessed value of $430,000 places it in the top 5% on the street—nearly $180,000 above the street average of $250,200—which signals a property that has been substantially improved, expanded, or is situated on a particularly desirable parcel.

The living area of 1,634 sqft is above average for the street (1,163 sqft) and citywide (1,342 sqft), but roughly in line with the Wolseley neighbourhood average (1,622 sqft). Built in 1913, the home is older than the citywide average (1966), but not unusually old for Wolseley, where many homes date to the early 20th century.

Where the appeal lies: This is a property that offers above-average interior space on a notably large lot in a walkable, established neighbourhood. The lot size gives outdoor space that many central-city homes lack, while the assessed value suggests a well-maintained or renovated home with some premium features.

Who it suits: Buyers who want a roomier home in a mature neighbourhood with good bones and a yard that's genuinely usable for gardening, entertaining, or expansion. It would likely appeal to someone willing to take on the maintenance of an older home in exchange for a lot that's rare for the area. It may be less suited to buyers seeking a turnkey modern build or those who prioritize a new construction warranty.

Frequently Asked Questions

1. How does this home compare to other 1910s homes in Wolseley?
The home's year built is around average for Lipton Street (median 1919) and slightly above average for the neighbourhood (median 1916). So it's not unusually old for the area—many neighbours are from the same era. The main difference is that this home has a significantly larger lot than most on the street and a higher assessed value.

2. Is the assessed value of $430,000 realistic for the neighbourhood?
The assessed value is well above the Wolseley neighbourhood average of $371,300, but that's partly because this home sits on a top-tier lot. Comparable homes on Lipton Street average $250,200, so this property is clearly an outlier. The valuation suggests either a major renovation, an addition, or a premium for the lot itself. A buyer should confirm what specifically drives the high assessment.

3. How usable is a 3,779 sqft lot in central Winnipeg?
For context, the citywide average lot size is 6,570 sqft, so this is below the typical suburban lot. But within Wolseley and on Lipton Street, it's well above the norm. A 3,779 sqft lot is large enough for a generous backyard garden, a patio, and space for children or pets, without being oversized for an urban setting. It's a practical yard for a family in a walkable neighbourhood.

4. Is the living area of 1,634 sqft considered large for an older home?
It's above average for a 1913 home in Winnipeg, but not massive. The citywide average for comparable homes is 1,342 sqft, so this is about 300 sqft larger than typical. In Wolseley, it's right around the neighbourhood average. It's a comfortable size for a small to medium family, but not oversized.

5. What should a buyer watch out for with a 1913 home?
Homes of this age often have older electrical systems, plumbing, and insulation. While the high assessed value may indicate updates, a buyer should verify the condition of the foundation, roof, and windows. The large lot is a plus, but it also means more grounds maintenance. Given that the home is in the top tier for its street, it's worth investigating whether recent permits were pulled for any major renovations.