55 Lipton Street – Property Summary
Key Characteristics & Buyer Profile
This 1912 home in Wolseley offers 1,717 square feet of living space on a 2,847-square-foot lot. Its assessed value is $426,000. The standout feature is its size and value relative to the immediate street: on Lipton Street, it ranks in the top 10% for living area and the top 6% for assessed value. The home is significantly larger and more valuable than most others on the block, where the average living area is 1,163 square feet and the average assessed value is $250,200.
The appeal here is less about the property itself and more about what it represents in context. Within Wolseley, it’s around average for both size and year built, but the street-level numbers suggest this house is a relative standout on its block. Citywide, the land is on the smaller side (bottom 10%), which is typical for an older urban neighborhood. The year built (1912) is older than the citywide average (1966) but in line with the street and neighbourhood, meaning the home likely has original character but may need updates.
This property would suit a buyer who values a larger home in a well-regarded, walkable central neighbourhood and is comfortable with an older house that may require maintenance. It’s less suited for someone seeking a large lot or a move-in-ready modern build. The combination of above-average size and below-average lot size suggests a home with good interior space but modest outdoor room—ideal for those who prioritize square footage over yard.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Lipton Street, this home’s assessed value is well above average—it’s in the top 6%. In the broader Wolseley neighbourhood, it’s still above average (top 22%), but the gap narrows. Citywide, it’s roughly average, sitting in the top third.
2. Is this a good size for the neighbourhood?
Yes, by street standards it’s large—top 10% on Lipton. But within Wolseley as a whole, it’s about average. The living area is larger than most homes on the same street, but not unusually large for the area.
3. What’s the lot like? Is the yard small?
The lot is 2,847 square feet, which is above average for Lipton Street (top 25%) but below average for Wolseley. Citywide, it’s in the bottom 10%, meaning the yard is small by typical Winnipeg standards. Expect a compact, urban lot rather than a sprawling lawn.
4. How old is the house, and should I expect issues with a 1912 build?
The house was built in 1912, which is typical for the street and neighbourhood. Citywide, it’s older than about 92% of homes. Older homes often have charm and solid construction, but be prepared for potential issues like outdated wiring, plumbing, or insulation. A thorough inspection is advisable.
5. What type of buyer typically goes for a home like this?
Usually buyers who want character, walkability, and a larger interior in a central neighbourhood without paying a premium for a large lot. It might suit someone who appreciates older architecture or wants to be on a quieter street with above-average home sizes. It’s less ideal for families wanting a big backyard or those seeking a low-maintenance newer build.