Property Overview
298 Lindsay Street is a compact, 768 sqft bungalow built in 1945, situated on a generous 5,401 sqft lot in Winnipeg's North River Heights neighbourhood. Its assessed value of $348k positions it as a more accessible entry point within this established area. The home's key appeal lies in its balance of a sizable lot and a below-average price for the neighbourhood, offering potential for expansion or outdoor enjoyment. It would suit first-time buyers, downsizers seeking a manageable space with a large yard, or investors looking for a character property with renovation potential. A thoughtful perspective is that, while the living space is modest, the lot size is above average for North River Heights, providing a rare opportunity to own a substantial piece of land in a prime location without the typical premium.
Frequently Asked Questions
1. How does the property's value compare to its neighbours?
The home's assessed value ($348k) is below the average for both Lindsay Street and the wider North River Heights area, but is close to the city-wide average. This suggests it is priced accessibly for this specific, often higher-value neighbourhood.
2. Is the house unusually small for the area?
Yes. At 768 sqft, the living area is significantly smaller than most homes on its street and in North River Heights, placing it in the bottom 5-10% for size locally. This is the primary factor in its lower assessment.
3. What are the implications of the 1945 build year?
The home is older than most on its street but is actually newer than the average home in North River Heights. Buyers should budget for updates consistent with a home of this age, but it may have a more solid or classic construction than some neighbouring properties.
4. How does the lot size compare?
The 5,401 sqft lot is a standout feature. It is larger than the average lot in North River Heights and about average for Lindsay Street. This above-average outdoor space is a key asset.
5. Where can I find verified past sale prices?
The site notes that exact sold price data is not displayed due to industry rules. You must request this information directly via email for a manual lookup, as it is not sourced from the MLS.