178 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,635-square-foot home built in 1911, located on Lipton Street in Winnipeg’s Wolseley neighbourhood. The lot is 3,771 square feet, which places it in the top 5% of lots on the street—significantly larger than the average 2,677-square-foot lot nearby. The assessed value is $330,000.

The property’s main appeal is the combination of a large lot and a spacious interior relative to other homes on the same street. While the house is older than many citywide (1911 vs. a city average build year around 1966), its living area ranks in the top 14% on Lipton Street and top 24% citywide. The assessed value sits slightly below the neighbourhood average ($371,300) but well above the street average ($250,200), suggesting the lot size is a notable factor in its valuation.

This home would suit buyers who value outdoor space in an established neighbourhood, and who are comfortable with the character and maintenance realities of a pre-war house. It may appeal to those looking for a property where the land holds strong relative value—especially compared to newer infill homes on smaller lots. Wolseley attracts buyers who want a walkable, tree-lined area close to downtown, but this particular listing signals that the house itself may need updating or ongoing attention, given its age versus area averages.

Five Frequently Asked Questions

1. How does the lot size compare to other homes in Winnipeg?
This lot is larger than average for the street and neighbourhood, but it is smaller than typical citywide. It ranks in the top 5% on Lipton Street (top 22% in Wolseley), yet in the bottom 23% citywide. Buyers moving from newer suburbs may find it modest; those accustomed to older city lots will likely see it as generous.

2. Is the assessed value a good deal relative to the neighbourhood?
The assessed value of $330,000 is about 11% below Wolseley’s neighbourhood average of $371,300, and well above the street average of $250,200. This puts it in a middle ground—it’s not the cheapest option on the street, but it's priced under the typical home in the broader area, partly due to the older structure.

3. What does the 1911 build year mean in practical terms?
The home is older than most in the city (top 93% older than citywide average). Buyers should expect potential issues with outdated electrical, plumbing, insulation, and foundation. Renovation history is not provided here, so a thorough inspection is essential. On the positive side, pre-war homes in Wolseley often have solid construction and period details not found in newer builds.

4. How does this property compare to others currently for sale on Lipton Street?
The home ranks in the top 14% for living area and top 5% for lot size among comparable homes on the street. That suggests it stands out among immediate neighbours for space and land. The assessed value also ranks in the top 14%, reflecting those advantages—though actual market price depends on condition and renovations.

5. Who is this home not well suited for?
It is likely not ideal for buyers seeking a move-in-ready, low-maintenance home with modern systems. Large-lot older homes often require significant upkeep, and the 1911 build year means higher heating costs and potential renovation needs. It also may not appeal to those wanting a newer suburban lot size, since citywide lot averages are much larger.