Property Overview: 188 Lindsay Street, North River Heights
Key Characteristics, Appeal & Ideal Buyer
This home is defined by its compact efficiency and historic roots. Built in 1925, it offers 520 square feet of living space on a 3,002 sqft lot, making it one of the smallest properties in its immediate area, street, and city-wide comparisons. Its assessed value of $239k is notably below the average for North River Heights but aligns more closely with the wider Winnipeg average.
The primary appeal lies in its affordability and low-maintenance potential within a well-established, desirable neighbourhood. It represents a rare entry point into North River Heights, a area typically featuring larger, higher-value homes. This property would suit a minimalist, a first-time buyer prioritizing location over size, or an investor looking for a rental opportunity in a stable area. Its modest scale also suggests lower utility and tax costs. A thoughtful perspective sees this not just as a small house, but as a strategic land purchase in a prime neighbourhood, offering future potential for expansion or redevelopment, subject to local regulations.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
As a home built in 1925, its floor plan reflects the norms and needs of a different era. It’s characteristic of early 20th-century smaller dwellings, making it an outlier compared to the larger, often post-war homes that dominate the area today.
2. How can the assessed value be below area averages but above the city-wide average?
North River Heights is a neighbourhood with higher-than-average property values. While this home’s value is low for this specific area, it still sits above the benchmark for many other parts of Winnipeg, reflecting the overall desirability of its location.
3. What does the sold price history indicate?
The home sold in 2023 in the $200k-$250k range and previously in 2019 for $150k-$200k. This indicates steady market interest and a trend of increasing value, consistent with broader market movements over that period.
4. Is the land size sufficient for an addition or garden?
The 3,002 sqft lot, while smaller than most on the street, provides reasonable outdoor space for a garden or patio. Any significant expansion would require careful design and adherence to zoning bylaws, but the lot does offer possibilities.
5. Where can I find verified sale price details and more neighbourhood data?
The site notes that exact sale prices are available upon direct request via email, as MLS data is not publicly displayed. For detailed analysis on how this property compares to its neighbours by various metrics, you can explore the dedicated neighbourhood map analysis page.