90 Lipton Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1911 Wolseley home stands out most clearly for its size. With 1,838 square feet of living space, it ranks in the top 6% on Lipton Street and top 16% citywide, putting it well above typical Winnipeg homes of its type. The assessed value of $418,000 also ranks in the top 6% on the street and top 24% in the neighbourhood—reflecting not just the square footage, but presumably the home's condition, updates, or character features that set it apart from smaller neighbouring properties.

The land area is a mixed picture: generous for the street (top 16%) but essentially average for Wolseley, and well below the citywide median for comparable homes. That's typical for an older central neighbourhood—lots are compact. The year built (1911) is early even by Wolseley standards, but that's common in this area, not unusual.

The appeal here is straightforward: you're getting a large home on a decent-sized lot in a desirable established neighbourhood, at a price that reflects its place in the market. What's less obvious is the disconnect between the property's strong street-level rankings and its merely average or below-average citywide rankings for land area and age. That tells you this is a home that excels relative to its immediate neighbours and neighbourhood, not necessarily against newer suburban houses with bigger lots. It suits buyers who value interior space and a prime Wolseley location over a large yard or a modern build year. First-time buyers wanting room to grow, or downsizers looking for character and walkability without sacrificing square footage, would both find this worth a look.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
Very favourably. On Lipton Street, it ranks 37th out of 616 properties (top 6%), with the street average sitting at $250,200. In Wolseley, it's top 24% against a neighbourhood average of $371,300. Citywide, it's more middling—top 34%—but that's because the citywide average ($390,100) includes many newer homes in less central areas.

2. Is the lot size considered small or typical for Wolseley?
It's right around average for the neighbourhood. The lot is 3,113 square feet, while the Wolseley average for comparable homes is 3,434 square feet. It's below the citywide average by a wide margin, but that's expected for an older urban neighbourhood. On Lipton Street itself, it's actually above average.

3. The home was built in 1911—should that be a concern?
Not necessarily, but it depends on your comfort with older homes. 1911 is consistent with the Wolseley stock (neighbourhood average is 1916). The ranking is unremarkable on the street and in the neighbourhood, but citywide it falls in the bottom 7%, simply because most Winnipeg homes are newer. The main things to look into would be the electrical, plumbing, foundation, and insulation, but that applies to any century home.

4. What does the "living area rank" actually mean here?
It means this home is larger than 94% of comparable homes on Lipton Street, 67% of comparable homes in Wolseley, and 84% of comparable homes citywide. The rankings use a "comparable homes" filter—similar property types, not every single dwelling—so it's a meaningful comparison. The bar fill length on the original data page shows how many peers this property outperforms in each category.

5. Why is the assessed value so much higher than the street average, but only slightly above the neighbourhood average?
Because Lipton Street has many smaller, lower-valued homes pulling the street average down. Wolseley as a whole has a higher baseline—lots of character homes of similar vintage—so the property's value is more in line with the neighbourhood. The citywide average is higher again, but that includes many newer, larger suburban homes. This property fits a specific niche: top of its street, solidly above average in its neighbourhood, and competitive citywide for its size.