73 Lipton Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,989 sqft home on Lipton Street sits in Winnipeg’s Wolseley neighbourhood. Built in 1944, it stands out most for its size and assessed value relative to the street it’s on. On Lipton Street itself, the property ranks in the top 3% for assessed value and top 4% for living area. That means compared to neighbours, it’s both larger and more valuable. The lot is 3,226 sqft—above average for the street but below average for Winnipeg overall, which is typical for older central neighbourhoods where lots tend to be smaller than suburban ones.
The appeal here is less about raw numbers and more about positioning. The home offers above-average space for the city (top 11%) while sitting on a street where most homes are significantly smaller and lower-valued. This creates a scenario where the property may feel like an outlier in its immediate context—something that can matter for resale potential, privacy, or simply the feeling of having more room than the neighbours. The year built (1944) is older than the city median, but in Wolseley, that’s actually early for the area—most homes in the neighbourhood date to around 1916. So the build is relatively newer by local standards.
This property would suit buyers who value interior space over a large yard, want to be in an established central neighbourhood with mature trees and walkable streets, and are comfortable with a home that is notably larger than its immediate neighbours. It’s less suited for someone seeking a big lot, a newer build, or a home that blends in size-wise with the surrounding street.
Frequently Asked Questions
1. How does the property compare to other homes on Lipton Street specifically?
It ranks in the top 4% for living area and top 3% for assessed value on the street. The average living area on Lipton is 1,163 sqft, so this home is about 70% larger. The average assessed value on the street is $250,200, while this property is assessed at $465,000.
2. Is the lot size small for Winnipeg?
Yes, citywide this lot (3,226 sqft) ranks in the bottom 15%—most Winnipeg homes sit on significantly larger parcels. However, within Wolseley, it’s close to the neighbourhood average of 3,434 sqft, so it’s typical for the area.
3. What does the assessed value ranking tell me?
Citywide, the property ranks in the top 26% for assessed value among comparable homes. That’s solid but not exceptional. The real strength is at the street level (top 3%), which can matter more if you’re concerned about how the property fits into its immediate block for things like curb appeal or future resale.
4. Is a 1944 build considered old or new for Wolseley?
It’s newer than the Wolseley average. The neighbourhood median build year is 1916, and this home ranks in the top 4% of the area for its year. So while it’s not new by city standards, it’s one of the newer homes in the immediate neighbourhood.
5. Who typically buys a home like this?
People who want more interior space than most homes on the block, value an established central location over a large yard, and are open to a home that may stand out size-wise from its neighbours. It often appeals to buyers who plan to update or customize the interior rather than expand outward.