79 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This 1,248 sqft home, built in 1944, sits on a 3,148 sqft lot in Winnipeg’s Wolseley neighbourhood. Its strongest feature is its assessed value relative to the immediate street: at $381,000, it ranks in the top 9% of homes on Lipton Street, where the average assessment is $250,200. This suggests the property has been well-maintained or improved compared to its direct neighbours. The year built also stands out locally—third-oldest among 616 homes on the street—and is among the older homes in the neighbourhood as a whole, where most date from around 1916.

The living area is close to typical for the street but modest by Wolseley and city standards. The lot is generous for Lipton Street but smaller than average citywide. The home’s appeal lies in its combination of relative value on the street (high assessment suggests quality) and its established character, rather than any standout size or land. It would suit a buyer who values a well-kept older home in a stable, central neighbourhood, and who prefers a property that already commands a premium locally over one needing significant work. It may be less suited to someone prioritizing maximum square footage or a large yard.

Frequently Asked Questions

1. How does this property’s assessed value compare to similar homes nearby?
On Lipton Street, it’s well above average—top 9%—reflecting a higher-than-typical valuation. Within the broader Wolseley neighbourhood, it sits near the middle, and citywide it’s also around average. The local street-level comparison is the most notable.

2. Is the living area considered small for the area?
It’s slightly above average for Lipton Street but below the Wolseley neighbourhood average (1,622 sqft) and slightly below the citywide comparable average (1,342 sqft). So it’s modest by wider standards, but typical for its immediate street.

3. Why is the year built highlighted as a strength?
The home was built in 1944, which makes it newer than most on Lipton Street (average 1919) and much newer than the Wolseley neighbourhood average of 1916. It’s considered “elite” within the neighbourhood for its era. Citywide, however, it’s older than average (1966), so the age is a local advantage, not a universal one.

4. How does the land size compare?
The 3,148 sqft lot is above average for Lipton Street but typical for Wolseley. Citywide, it’s on the smaller side, as many Winnipeg lots are significantly larger. If you’re looking for a spacious yard, this property is more about efficient use of space than expansive land.

5. What type of buyer would this home not suit?
It may not suit someone seeking a large lot, a newer or more spacious interior, or a property with lower relative assessment (which could imply a different value proposition). It also may not fit buyers looking for a fixer-upper with upside, since the assessed value already reflects strong standing on the street.