Property Overview: 276 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of established character and relative value within the desirable North River Heights neighborhood. Built in 1945, it is an older home on its street but sits on a generously sized lot of over 6,000 sq ft—a standout feature that ranks well above average for both the immediate area and the street itself. With 1,152 sq ft of living space, the interior is modestly sized compared to the neighborhood average, suggesting a cozy, efficient layout rather than a sprawling one.
The appeal lies in this balance: a larger-than-typical lot in a prime area, offering potential for outdoor enjoyment or future expansion, paired with a home that carries a lower assessed value than many area comparables. This creates an opportunity for buyers seeking entry into a well-regarded community, possibly willing to update an older home to modern standards. It would suit a first-time buyer looking for a solid foundation in a great location, a downsizer wanting a manageable home with a generous yard, or an investor/renovator who sees value in the land and the chance to add value through thoughtful updates.
A less obvious perspective is that its assessed value ($463k) is notably above the city-wide average, yet below the North River Heights average. This positions it as a premium property by broader city standards, but a relative value within its own sought-after neighborhood, hinting at a potentially efficient purchase for the location.
Frequently Asked Questions
1. Is the house in need of major updates due to its age?
Given it was built in 1945, buyers should budget for updates consistent with a home of this era. The systems (like plumbing, electrical, and heating), roof, and windows are typical inspection points. However, its above-average assessed value for the street suggests it may have been maintained or updated to a reasonable standard.
2. How does the lot size compare, and what are the possibilities?
The 6,004 sq ft lot is a key asset, ranking in the top 11% for North River Heights. This is significantly larger than many neighboring properties and offers ample backyard space, garden potential, or future possibilities like an addition, garage, or deck, subject to local zoning.
3. The living area seems smaller than the neighborhood average. Is the floor plan efficient?
At 1,152 sq ft, the home is indeed cozier than the North River Heights average. This indicates a more traditional, compact layout. Buyers should consider if the room sizes and configuration suit their needs, as the value here is weighted more toward the land and location than interior square footage.
4. What does the sold price history from 2019 indicate?
The home sold between $400k-$450k in mid-2019. Comparing that to the current $463k assessment suggests a moderate increase in value over five years, generally tracking with market trends. For exact sold figures, a manual lookup via the site is required.
5. How does this property fit within the context of Lindsay Street and North River Heights?
The data shows a interesting contrast: the home is older than most on its street, yet sits on a larger lot and has a higher assessed value than the street average. In the wider North River Heights context, its lot size is exceptional, but its living area and value are around or below the neighborhood norms. This highlights its profile as a land-value proposition in a prime area.