36 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This is a compact single-family home in Winnipeg’s Wolseley neighbourhood, built in 1945. Its standout feature is the construction year: it’s newer than 92% of homes on Lipton Street and 97% of homes in the wider Wolseley area, where most properties date to the late 1910s. That means a newer foundation, roof, and mechanicals are more likely, without the premium price of a brand-new build.

The living area is 748 sq ft — noticeably smaller than the street average (1,163 sq ft) and well below both the neighbourhood (1,622 sq ft) and city (1,342 sq ft) norms. The lot is 2,832 sq ft, which is slightly above average for the street but below Wolseley and city averages. Assessed value is $318,000, ranking in the top 16% on the street but close to the neighbourhood and city medians. In practical terms, the house is valued in line with its surroundings despite being smaller and on a modest lot.

This property suits buyers who prioritize location and lower maintenance over square footage. It's a realistic fit for first-time homeowners, retirees downsizing within the neighbourhood, or anyone who wants a manageable yard and interior without inheriting a century-old structure’s quirks. The trade-off is clear: you get a newer house in an older area, but not much space inside or outside. It’s less ideal for families needing room to grow or anyone expecting Wolseley’s typical lot depth.

FAQs

1. How does this home’s size compare to others I might find in Wolseley?
It’s among the smallest. Most homes in the area are nearly twice the size in living area, and many sit on larger lots. If you’re used to the neighbourhood’s typical floor plans, expect a tighter layout — but also lower heating and maintenance costs.

2. Why is the assessed value relatively high given the small size?
Assessed value factors in location, lot size, and condition, not just square footage. The 1945 build is newer than most on the street, and the lot is slightly larger than the Lipton Street average. Combined with Wolseley’s established desirability, that keeps the value up despite the compact footprint.

3. What should I know about a 1945 home versus older Wolseley houses?
Builds from 1945 often updated wiring, plumbing, and insulation compared to pre-1920 homes, but they’re not modern. You may still encounter lead pipes, single-pane windows, or asbestos tiles. A thorough inspection is worthwhile — the newer vintage doesn’t guarantee everything is updated.

4. Is the lot big enough for an addition or garage?
At 2,832 sq ft, the lot is tight for major additions without losing yard space. A detached single-car garage might fit, but check zoning and setbacks first. Most Wolseley lots in the street’s top 27% are around this size, so you’re not alone — just don’t expect room for a large extension.

5. How does this property compare to others on Lipton Street specifically?
It’s one of the newer homes (top 8%) with a higher-than-average assessed value (top 16%), but the living area is at the low end (bottom 18%). The lot is average for the street. So you’re paying a premium for a more recent build, not for space. That’s the key trade-off on this block.