215 Lipton Street – Property Summary
Key Characteristics & Buyer Profile
This 1,680 sqft home in Wolseley stands out primarily for its assessed value and construction year. Built in 2011, it is significantly newer than most homes on its street (average build year 1919) and in the wider neighbourhood (average 1916). This makes it one of the top 1% of homes by age on both the street and neighbourhood level. The assessed value of $597,000 ranks in the top 1% on Lipton Street and the top 5% in Wolseley, far exceeding local averages of $250,200 and $371,300 respectively.
The lot measures 3,778 sqft, which is larger than most on the street (top 4%) but below the citywide average. The living area is slightly above the street and city averages, but sits around the middle of the neighbourhood range.
Where the appeal lies: The home offers a rare combination for Wolseley—a relatively new build in a neighbourhood known for its older character homes. Buyers get modern construction without leaving a historically desirable, walkable area. The strong assessed value relative to neighbours also suggests the property may hold value well, though this is not a guarantee.
Ideal buyer: Someone who wants to live in an established, central Winnipeg neighbourhood like Wolseley but prefers a newer home with fewer immediate renovation needs. Also suits buyers who place a premium on lot size relative to the street, or who are interested in a property that ranks highly on local metrics without being oversized by city standards.
Frequently Asked Questions
1. How does this property compare to others in the Wolseley area?
It's one of the newest homes in the neighbourhood, built well after most surrounding properties. The assessed value is among the highest, but the living area is only around average for Wolseley. The lot is bigger than most on the street though smaller than typical neighbourhood lots—so you get more yard than immediate neighbours, but less than many homes a few blocks away.
2. What does the assessed value of $597k actually mean?
This is the city's estimate of market value for property tax purposes, not an appraisal or asking price. It ranks in the top 1% on Lipton Street and top 8% citywide. Keep in mind assessed values can lag behind or ahead of actual sale prices depending on market conditions.
3. Is a 2011 build considered “new” for this area?
Yes, very much so. Most homes on the street date to around 1919, and the neighbourhood average is 1916. A 2011 home is roughly 90 years newer than the typical Wolseley property. This usually means modern insulation, electrical, plumbing, and fewer immediate structural concerns.
4. Why is the lot size listed as “Below Average” citywide but “Elite” on the street?
Citywide lots in Winnipeg are often much larger, averaging 6,570 sqft—so 3,778 sqft falls below that. But on Lipton Street, where the average lot is just 2,677 sqft, this property stands out. You're getting a bigger yard than your immediate neighbours, just not compared to suburban or outer-neighbourhood lots.
5. What should I look into before viewing?
Check the property's actual condition despite the newer build—2011 is still over a decade old, so systems like the furnace, water heater, and roof may be nearing mid-life. Also consider that a home with such a high local value ranking may come with higher property taxes relative to neighbouring houses, and resale could be trickier if the neighbourhood's overall character skews older and more affordable.