Property Overview: 305 Lindsay Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 305 Lindsay Street is a classic North River Heights property built in 1951, presenting a balanced and practical offering. With 1,246 sqft of living space and a 5,600 sqft lot, its size is comfortably average for the immediate street but stands out as a larger-than-average lot within the desirable North River Heights area itself. The assessed value of $425k aligns closely with the neighbourhood norm.
The appeal lies in its established location and proportional footprint. It suits buyers seeking a manageable home in a prime neighbourhood without the premium often attached to newer builds or significantly larger estates. It’s a sensible entry point into a sought-after area, offering the community benefits and mature streetscape of North River Heights. The lot size is a subtle advantage, providing above-average outdoor space for the area, which could appeal to gardeners, families, or those valuing privacy and expansion potential. This property would likely suit first-time buyers moving into a more established neighbourhood, downsizers wanting to stay in the area with less maintenance, or pragmatic investors looking for a stable asset in a consistent market.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
The living area is typical for Lindsay Street but is somewhat smaller than the average home across the broader North River Heights area. However, the lot size is larger than most in the neighbourhood, offering more outdoor space.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $425k is very close to the average on its street and below the North River Heights area average. It serves as a baseline for municipal taxation, but market conditions, property condition, and recent upgrades will ultimately determine the sale price.
3. What should I know about a house built in 1951?
While the home is newer than many in North River Heights, it is 75 years old. Prospective buyers should budget for and investigate the age and condition of major systems like plumbing, electrical, and the roof, which may be due for updates or replacement.
4. The data shows it sold in 2016. What does that past sale indicate?
The property sold between $250k-$300k in August 2016. This historical data highlights the market appreciation over the past eight years but does not reflect current value or condition. Exact sale figures are available upon request.
5. How does this property rank compared to homes across Winnipeg?
City-wide, this home sits in a competitive position: its assessed value is above the Winnipeg average, while the lot and living space are around the city median. This suggests you are paying a premium for the North River Heights location rather than for exceptionally large square footage.