Property Overview: 960 Lipton Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Daniel McIntyre presents a practical entry point into Winnipeg’s established neighbourhoods. Built in 1912, it offers 1,204 sqft of living space, which is competitively sized for the immediate area. A key feature is the detached garage, a valuable asset in this part of the city. The home sits on a modest, sub-2,400 sqft lot, which means lower maintenance but limited private outdoor space—a trade-off that defines many inner-city properties.

Its primary appeal lies in its positioning as a value-conscious option. With a recent sale and assessed value at $210,000, it sits well below the citywide average for a house. This makes it a candidate for first-time buyers, practical investors, or those seeking a lower-cost foothold in a central location without a major renovation project. The home suits a buyer comfortable with an older character home where the basement remains in its original, unrenovated state. It’s a property for someone prioritizing location and budget over turn-key condition or expansive yard space. A thoughtful perspective is that its smaller lot and average-for-the-area metrics suggest it’s a typical, no-frills example of the neighbourhood’s housing stock—its value is derived more from its function and address than from standout features or size.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its neighbours?
The home’s assessed value is below the average for Lipton Street itself and significantly below the Winnipeg citywide average for houses. This indicates it may be priced accessibly within its immediate context, though it’s important to verify its condition against nearby homes.

2. What should I know about the “unrenovated” basement?
This typically means the basement retains its original finishes and systems. Buyers should budget for potential updates, consider its current utility for storage or laundry, and prioritize a thorough inspection for moisture, insulation, and foundational integrity common in homes of this era.

3. Is the lot size a disadvantage?
The land area is smaller than most lots on the street and in the city. This limits expansive gardening or large additions but translates to less yard work and lower property taxes, which can be a positive for low-maintenance living.

4. What does the “Top %” ranking data mean for livability?
The data shows the home is consistently around average for its neighbourhood in living area, value, and age. This suggests it won’t feel unusually small or outdated for Daniel McIntyre, but it also isn’t a standout. You’re buying into the neighbourhood’s typical experience.

5. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with a finished basement, those who desire a large private yard, or anyone uncomfortable with the ongoing maintenance and potential updates required by a 114-year-old house.