Property Overview: 260 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a 1,090 sqft character home built in 1928, situated on a 4,803 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in offering a relatively affordable entry point into a desirable area. With an assessed value of $371k, it sits below the average for both its street and neighbourhood, presenting a value-oriented opportunity.
The home suits first-time buyers or downsizers seeking character and location over square footage. Its lot size is typical for the area, offering decent outdoor space without excessive maintenance. A thoughtful perspective is that its older vintage (pre-1950) places it among the original fabric of the neighbourhood, appealing to those who value traditional streetscapes. However, buyers should be prepared for the realities and potential update costs associated with a near-century-old home. The data suggests it’s a functionally sized home for a smaller household, positioned as a pragmatic rather than a premium property within a well-regarded community.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
It last sold between $300k-$350k in August 2021. Its current assessed value of $371k is below the neighbourhood average of ~$479k, indicating it may be priced accessibly relative to the area.
2. Is the living space smaller than average?
Yes. At 1,090 sqft, it is notably below the North River Heights area average (~1,540 sqft). It is more in line with the city-wide average, indicating a compact, efficient footprint.
3. What should I consider about the 1928 build date?
As one of the older homes on the street, it likely possesses classic character but may require more diligent inspection for aging components like wiring, plumbing, and the foundation compared to newer builds.
4. How does the lot size compare?
The 4,803 sqft lot is slightly below average for Lindsay Street but very typical for the North River Heights area. It provides standard yard space for the community.
5. Who are the likely competing buyers?
Given its size and value, competition would most likely come from first-time buyers seeking neighbourhood appeal, or investors/downsizers looking for a manageable property in a stable area. It is less likely to attract buyers seeking large, modernized homes.