Property Overview: 314 Lindsay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 314 Lindsay Street in North River Heights is defined by its compact efficiency and historic charm. Built in 1931, it is a smaller-scale property with 740 sqft of living space on a 3,600 sqft lot, placing it well below the average size for both the immediate street and the broader neighbourhood. Its assessed value of $335k is notably lower than area averages, offering a more accessible price point for the sought-after North River Heights location.
The primary appeal lies in its value proposition: an entry point into a mature, established community without the premium typically attached to larger homes in the area. It suits first-time buyers, downsizers, or investors seeking a character home with lower property taxes relative to its neighbours. A thoughtful perspective is that its smaller footprint translates to lower maintenance and utility costs, aligning with a simpler, more efficient lifestyle. While not a fit for those needing ample space, its coziness and potential for thoughtful updates present a practical opportunity in a premium neighbourhood.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
This is a notably compact home. Its living area (740 sqft) ranks in the bottom 2% on Lindsay Street and bottom 1% within North River Heights, making it significantly smaller than most neighbouring properties.
2. Is the assessed value in line with recent sale prices?
The home has sold twice recently: between $250k-$300k in mid-2021 and between $300k-$350k in mid-2022. The current $335k assessment appears consistent with that upward trend and sits around the city-wide average for assessed value.
3. What does the lot size mean for outdoor space?
The 3,600 sqft lot is smaller than most in the area (ranking in the bottom 7% on the street). It provides yard space but may limit extensive additions or landscaping compared to larger, standard lots in North River Heights.
4. Given its age, what should I consider?
Built in 1931, the home is 95 years old. While its build year is older than most on its street, it is around average for the North River Heights neighbourhood itself. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation.
5. How can I get exact historical sale prices?
The site provides sold price ranges. To obtain exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS.