168 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This 1,837 sqft home, built in 1909, sits on a notably large 3,771 sqft lot in Winnipeg’s Wolseley neighbourhood. The standout feature is the land: on Lipton Street, it ranks in the top 5% for lot size, well above the street average of 2,677 sqft. The living area is also strong—top 6% on the street and top 16% citywide—giving the property a roomier footprint than typical for its area. The assessed value of $354,000 is above the street average ($250,200) but sits around the neighbourhood and city medians, suggesting the home is priced in line with its location rather than its size advantages.

The building’s age (1909) places it among the older homes on the street and in the neighbourhood. In practical terms, this means character details and solid construction typical of early-20th-century Winnipeg homes, but also likely older systems and finishes that may need updating. The land area, however, represents the primary opportunity: a lot this size on a top-ranked street is uncommon, and it’s the kind of asset that appeals to buyers who value outdoor space, gardening, future expansion, or simply more separation from neighbours.

This property suits buyers who appreciate older homes with generous yards and are comfortable with the trade-offs of an older structure—or who see the lot as the real draw and are open to renovation or eventual redevelopment. It’s less suited to someone looking for a move-in-ready modern home or a compact, low-maintenance property.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The assessed value is above the street average but right around the neighbourhood and city medians. While the home has more living space and a larger lot than many nearby properties, the value hasn’t been pushed significantly higher, likely due to the older age of the building and finishes.

2. Is the 1909 construction a concern?
It depends on maintenance history. Many homes of this era have solid materials but older plumbing, electrical, and insulation. A home inspection and a look at recent upgrades (windows, roof, furnace) will give a clearer picture. The age is a factor in rankings, but not automatically a negative—character and build quality can be strong.

3. What’s the advantage of a lot ranked in the top 5% on the street?
A larger lot offers flexibility: bigger gardens, room for a garage or workshop, more privacy, and potential for future additions. It also tends to hold value well, especially in established neighbourhoods where large lots are increasingly rare.

4. How does this home compare to newer builds in Wolseley?
Newer homes in the area typically have smaller lots and less living space but updated systems and finishes. This property offers more square footage and outdoor space for a similar or sometimes lower assessed value—so you’re trading some modernity for size and land.

5. Who typically buys a home like this?
Buyers who prioritize space and outdoor potential over a turnkey interior. That includes families wanting a yard, hobby gardeners, renovators looking for a project, or anyone who values older neighbourhood character and is comfortable with the upkeep that comes with it.