235 Lipton Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,536 sqft home built in 1931, sitting on a 3,681 sqft lot in the Wolseley neighbourhood of Winnipeg. The assessed value is $386,000.
The property stands out most on its own street: it's in the top 8% for assessed value and top 7% for lot size among homes on Lipton Street. The living area is also above average for the street (top 17%). Within the broader Wolseley neighbourhood, however, it's more squarely in the middle—around average for living area and assessed value, though the lot is still on the larger side (top 26%).
One less obvious angle: the home is older than most in Winnipeg (built 1931 versus a citywide average of 1966), but it's actually newer than the typical Wolseley home (average build year 1916). That puts it in a sweet spot—you get the character of an older neighbourhood without the oldest possible infrastructure. The lot is generous by street and neighbourhood standards, but small by citywide norms, which is typical for an established central area.
This property would suit buyers who want a solid, above-average home on a good street in a desirable central neighbourhood, without paying a premium for a top-tier Wolseley property. It's not a fixer-upper bargain, but it's also not the most expensive house on the block. Someone looking for more space than the street average, on a larger lot, in a walkable, established area, would find this a practical fit.
Frequently Asked Questions
1. How does this home compare to others on Lipton Street specifically?
It ranks in the top 8% for assessed value, top 7% for lot size, and top 13% for year built (meaning it's newer than most homes on the street). The living area is also in the top 17%. So it's clearly a stronger property than the typical house on this block.
2. Is the assessed value of $386,000 reasonable for this area?
It's above the street average ($250,200) but very close to the neighbourhood average ($371,300) and the citywide average for comparable homes ($390,100). So the valuation aligns well with the broader Wolseley market, even though it's a standout on its own street.
3. Why is the lot considered large on the street but small citywide?
The average lot on Lipton Street is 2,677 sqft, so 3,681 sqft is clearly bigger. But Winnipeg as a whole has many newer suburban properties with much larger lots—the citywide average is 6,570 sqft. In an older central neighbourhood like Wolseley, lots tend to be more compact, so a 3,681 sqft lot is actually generous for the area.
4. The house was built in 1931. What should I know about a home this age?
It's older than the citywide average but newer than most Wolseley homes (average 1916). That means it's likely seen some updates over the decades but may still have original character features. Buyers should expect older homes to need more maintenance attention—plumbing, electrical, and insulation are common areas to check—but a 1930s build often has better materials than homes from the 1960s and 70s.
5. How does the ranking system work in the data?
The rankings compare this home to similar properties (same type and size range) at three levels: street, neighbourhood, and city. A top 8% street ranking means it beats 92% of comparable homes on Lipton Street. The bar charts use a red-to-blue gradient, with a dashed line showing the median benchmark for each category. Higher is better for lot size, living area, and assessed value; newer is better for year built.