82 Lipton Street – Property Summary

Key Characteristics & Buyer Profile

This 1913 home in Wolseley offers 1,452 sq. ft. of living space on a 3,114 sq. ft. lot. Its standout feature is the lot size relative to the street: it ranks in the top 15% on Lipton Street, where the average lot is 2,677 sq. ft. The living area also sits above the street average (1,163 sq. ft.), ranking in the top 20%. The assessed value of $371,000 is notably high for the street—top 9%—though it falls right at the neighborhood average and slightly below the citywide average for comparable homes.

The appeal here is subtle. It’s not a flashy property by citywide standards, but it offers real relative advantages within its immediate context. The lot gives you more outdoor space than most neighbours, and the living area is generous for the street. The year built (1913) is older than the city average but fits the Wolseley character, where older homes are common.

This property would suit a buyer who values being in Wolseley—a neighbourhood with established character and walkability—and wants a home that already offers above-average space and land compared to other houses on the same block. It’s less suited for someone seeking a newer build or a large suburban lot, but it works well for those who see the street-level advantages as a meaningful edge over nearby options.

Five Possible FAQs

1. How does the assessed value compare to other homes on this street?
It’s well above average. The property ranks in the top 9% on Lipton Street, with an assessed value of $371,000 against a street average of $250,200. This suggests the home has more living space or better condition than many on the block.

2. Is the lot size unusually small compared to the rest of Winnipeg?
Citywide, yes—it ranks in the bottom 14%. But that’s typical for Wolseley, where the neighbourhood average is 3,434 sq. ft. The lot is actually larger than most on Lipton Street (top 15%), so it’s a good size within its immediate context.

3. How does the year built affect the property’s ranking?
The home is older than the citywide average (1913 vs. 1966), placing it in the bottom 10% for Winnipeg. But within Wolseley, it’s about average; many neighbouring homes date from the same era. Age alone isn’t a downside here—it’s part of the area’s character.

4. What does “top 20% for living area on the street” actually mean in practice?
It means 1,452 sq. ft. is significantly more than most homes on Lipton Street, where the average is 1,163 sq. ft. If you want a home that feels roomier than nearby options without moving to a different street, this property delivers that.

5. Is Wolseley generally a high-value neighbourhood compared to the rest of the city?
The assessed value data suggests it’s middle-of-the-pack. This property ranks near the 50th percentile citywide for value, and the neighbourhood average ($371,300) is close to the city average ($390,100). It’s not a premium-priced area, but it offers solid, character-filled housing at a reasonable tier.