Property Overview: 356 Lindsay Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out as a modern, spacious property in the established North River Heights neighbourhood. Built in 2013, it offers contemporary construction and systems within a mature, tree-lined community. The key figures tell a compelling story: with 2,262 sqft of living space, it is significantly larger than most homes on its street and in the wider area. This is complemented by a generous 7,500 sqft lot, providing ample outdoor space rare for newer builds in such central locations.
The primary appeal lies in its elite positioning across multiple metrics. It ranks in the top 1-2% of its immediate vicinity for both size and assessed value, indicating it is a premier property on its block. For buyers, this represents a turnkey opportunity to acquire a substantial, modern family home without the wait and uncertainty of a new build, all while securing a large parcel of land in a desirable neighbourhood. It would perfectly suit growing or multi-generational families seeking space and modern comforts, or professionals looking for a premium, low-maintenance property in a central location with strong investment metrics. A thoughtful perspective is that this home offers the "best of both worlds": the character and stability of North River Heights paired with the efficiency and design of a 21st-century build, potentially avoiding the renovation needs of older homes in the area.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The current assessed value is $883k. The last known sale in March 2020 was in the $800k-$850k range. Market conditions, updates, and buyer demand will determine the final listing and sale prices, but the assessed value places it firmly among the top-tier homes in the city.
2. What does the "top 1%" ranking for living area actually mean?
This statistic means that, compared to 286 "comparable homes" on Lindsay Street, this home has more living space than 99% of them. The average living area for those homes is only about 1,175 sqft, making this property nearly twice the average size on its own street.
3. Is the property part of a new subdivision?
No. It was built in 2013 on what was likely a subdivided or redeveloped lot within the long-established North River Heights neighbourhood. This means you benefit from mature trees, settled infrastructure, and an established community feel, rather than a raw, new subdivision.
4. How can I verify the exact historical sale prices?
The site notes that due to industry rules, exact MLS sale records are not displayed publicly here. You can request the exact sold price history directly via email through the provided button on the property page, and the team will manually send you the verified figures.
5. What are the potential implications of such a high assessed value?
A high assessed value typically correlates with higher property taxes. While it signifies a premium property, prospective buyers should factor the associated annual tax burden into their budgeting. It also strongly suggests the property has been substantially upgraded or was built to a high standard.