199 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1910-built home with 1,376 sq ft of living space on a 2,837 sq ft lot. Compared to other houses on Lipton Street, it’s well above average in both size (top 23%) and assessed value (top 6%). That value gap is notable: the street’s median assessment is $250,000, while this property is assessed at $412,000. Within the Wolseley neighbourhood, it sits closer to the middle of the pack—slightly above average in value, slightly below in land size.

The appeal here isn’t about getting the biggest lot or the newest build. It’s about relative value on a specific street. The home is larger and more valuable than most of its immediate neighbours, which could signal a well-maintained or upgraded property in a street that otherwise trends more modest. At the same time, the lot is small even by Wolseley standards (which itself has smaller lots than the city average), so outdoor space is limited.

This would suit a buyer who prioritizes interior space and location over yard size—someone who wants to be in Wolseley, values the character of an older home (1910), and is willing to invest in a property that’s already above the local baseline. It’s less suited to someone looking for a large lot or a turnkey newer build.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $412,000 is well above the Lipton Street average of $250,000 (top 6%) and above the Wolseley average of $371,000. Citywide, it’s close to the $390,000 average. This suggests the property is one of the more valuable homes on its street, but roughly in line with broader city medians.

2. Is the lot size typical for Wolseley?
The lot is 2,837 sq ft, which is slightly above the street average (2,677 sq ft) but below the neighbourhood average (3,434 sq ft). Citywide, it’s much smaller than the typical 6,570 sq ft lot, so this is very much an urban, compact property.

3. How old is the house, and is that a concern?
Built in 1910, it’s older than most homes on the street (average 1919) and in the neighbourhood (average 1916). Citywide, it’s in the oldest 6% of homes. Buyers should expect the maintenance and systems updates typical of a century home—plumbing, electrical, insulation, and foundation are worth a close look.

4. What does “top 23% for living area on the street” actually mean?
It means that out of 616 homes on Lipton Street, this one ranks 144th in terms of interior square footage. So it’s larger than about three-quarters of the houses on the same street. The living area is 1,376 sq ft, versus the street average of 1,163 sq ft.

5. How does this property compare to the rest of Winnipeg?
In a city of nearly 200,000 homes, this property ranks in the top 37% for living area, top 35% for assessed value, but bottom 10% for land size and build year. In short: it’s a moderately sized, moderately valued house on a small lot that’s older than most of the city’s housing stock.