Property Overview: 208 Lindsay Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a distinct profile within the desirable North River Heights neighborhood. Its key characteristic is its modest scale, with 812 sqft of living space on a 3,002 sqft lot, placing it well below the area averages for both. Built in 1910, it is one of the older homes on the street. The current assessed value is $299k, which is notably lower than the local neighborhood average but sits closer to the wider city benchmark.
The appeal lies in its position as a potentially accessible entry point into a well-regarded area. For the right buyer, the lower assessment could translate into correspondingly lower property taxes compared to neighboring homes. It suits a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes location over size and sees value in securing a foothold in North River Heights without the premium typically attached to larger, more modern homes in the area. It’s a property for someone comfortable with a home of vintage character and scale, possibly viewing it as a manageable project or a long-term hold in a stable community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessment reflects the home's specific attributes, primarily its smaller living area and lot size compared to most homes in North River Heights. Assessments are based on market value for the property as it is, not the area average.
2. What does the sold price history indicate?
The home sold in 2023 for an estimated $350k-$400k and previously in 2019 for $250k-$300k. The 2023 sale price suggests it traded at a significant premium over its assessed value, which is common in active markets, indicating buyers were willing to pay for the location.
3. Are there concerns with a house built in 1910?
While offering classic charm, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to budget for any updates or maintenance.
4. How does the smaller lot size impact the property?
The lot is smaller than most on the street and in the area. This typically means less outdoor maintenance but also less private yard space. It’s important to consider if the layout and outdoor area meet your needs.
5. How can I get the exact past sale prices?
The provided data shows estimated price bands. To obtain the precise sale figures, you must request a manual lookup from the site via email, as they do not display full MLS transaction records publicly.