226 Lindsay Street

Property Overview: 226 Lindsay Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 226 Lindsay Street presents a compelling blend of space, location, and modern convenience within the established North River Heights neighborhood. Built in 1974, it is notably newer than most homes in the area, which typically date to the 1930s and 40s. This suggests a property that may offer more contemporary layouts and systems while still being part of a mature, tree-lined community.

Its primary appeal lies in its strong positional value. The 1,472 sqft living area is spacious for the immediate street and the lot is a generous 6,004 sqft, providing ample outdoor space. Crucially, its assessed value of $541,000 consistently ranks in the top tiers—it’s above average for the street, the neighborhood, and citywide. This indicates a property perceived to have superior attributes or desirability within its market.

This home would suit buyers looking for a move-in ready property in a prime inner-city neighborhood without the maintenance concerns of a century-old character home. It’s ideal for professionals or small families who value both indoor living space and a sizable yard, and who appreciate a home whose assessed value reflects a solid investment within its context.

Frequently Asked Questions

1. How does the 1974 build year compare to the rest of the neighborhood?
This home is significantly newer than the neighborhood average. While it ranks around average citywide, it is in the top 4% for year built in North River Heights, where the typical home was built in 1937. This is a key differentiator.

2. The assessed value seems high. What does this ranking mean?
The $541,000 assessment is in the top 8% on Lindsay Street and top 21% in North River Heights. This doesn't just mean it's more expensive; it signals that the municipal assessment—based on factors like lot size, living area, and condition—places it in a higher value bracket than most comparable properties, which could reflect its newer age and larger lot.

3. What can the 2017 sale price tell me?
The property sold between $400,000-$450,000 in September 2017. While not a current market price, it provides a historical benchmark. The significant increase to its current $541,000 assessed value highlights the appreciation over the last seven years, useful for understanding long-term value trends.

4. Is the living space large for the area?
At 1,472 sqft, it is above average for Lindsay Street specifically. It is slightly below the North River Heights average but close to the citywide average. This indicates a well-sized home that is particularly spacious within its immediate block.

5. How does the lot size compare?
The 6,004 sqft lot is above average for both Lindsay Street and the wider North River Heights area. This is a notable feature, offering more private outdoor space than many neighboring properties, which is a premium in established neighborhoods.