Property Overview
230 Lindsay Street is a 1,258 sqft home built in 1942, situated on a 4,083 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $366k, it presents a specific value proposition within its context.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its position as a relatively affordable entry point into the established North River Heights area. The living space is practical and aligns closely with the average for Lindsay Street itself, suggesting a comfortable size for the location. However, its assessed value is notably below the averages for both the street and the wider neighbourhood, which could indicate a value opportunity for a buyer willing to invest in updates, or it may reflect the home’s older age and smaller lot size relative to nearby properties.
It would suit a pragmatic first-time buyer or an investor looking for a character home in a desirable area without the premium price tag of a fully renovated or larger property. The data suggests it’s a home for those who value location over sheer size or modern amenities, and who may see potential in a property that ranks as more modest in direct local comparisons but holds its own on a city-wide scale.
Frequently Asked Questions
1. Why is the assessed value lower than the neighbourhood average?
The assessed value is influenced by specific property characteristics. Here, the older age (1942), smaller lot size, and living area that is modest compared to many area homes are likely key factors. It reflects the property’s current physical and market position rather than just its location.
2. What does the "below average" ranking for land area mean for me?
With a lot size of 4,083 sqft ranking in the bottom 10% on its street, outdoor space is more limited. This means smaller gardens and potentially less privacy or room for expansions like large decks or additions compared to neighbours. It’s a trade-off for the location.
3. Is the lack of sales history data a concern?
No, it simply means recent sale figures aren’t publicly available for automated display. Exact historical prices can be requested manually from the site, which is a common practice for ensuring data compliance and accuracy.
4. How significant is the 1942 build year?
Built 84 years ago, this home likely requires a closer look at major systems (roof, wiring, plumbing, insulation) for modern efficiency and upkeep. While it offers classic character, maintenance and potential renovation costs should be factored into the budget.
5. The living area is "around average" on the street but "below average" in the neighbourhood. Which is more relevant?
Both perspectives are useful. Being average on the street suggests it fits the scale of Lindsay Street itself. The neighbourhood comparison shows that many nearby streets have larger homes overall. For daily living, the immediate street context often feels more relevant, but the wider comparison helps explain value differences.