Property Overview: 488 Lindsay Street, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in the established North River Heights neighborhood. Built in 1952, its 926 sqft living space is notably compact compared to area averages, suggesting a efficient, manageable layout. The true standout is the 5,759 sqft lot, which is larger than most in North River Heights, offering valuable outdoor space and potential.
Its appeal lies in this balance of a modest, maintainable home on a generous lot within a desirable area. The assessed value of $438k sits around the average for the street but is above the city-wide average, reflecting the neighborhood's premium. It last sold between $400k-$450k in late 2021.
This property would best suit buyers prioritizing land size over interior square footage. It's ideal for a first-time buyer, downsizer, or investor seeking a lower-maintenance home in a prime location with room for a garden, patio, or future expansion. It represents an entry point into a sought-after community where the land itself is a significant asset.
Frequently Asked Questions
1. Is the house unusually small for the area?
Yes. The living area is below average for Lindsay Street and significantly smaller than the typical North River Heights home. This indicates a cozy, efficient footprint.
2. What does the above-average lot size mean for me?
The lot is larger than approximately 80% of those in North River Heights. This provides more private outdoor space, better potential for landscaping, and possible future development options (subject to zoning).
3. How does the assessed value compare?
At $438k, it's near the middle for the immediate street but above the Winnipeg city average. This suggests you are paying a premium for the location within a well-regarded neighborhood.
4. The home was last sold in 2021. Should I be concerned?
A relatively recent sale isn't inherently a concern. It's worth investigating what, if any, updates were made during that ownership period to understand the current condition.
5. Where can I get the exact historical sold price?
The exact sale price is not publicly displayed due to industry regulations. You can request the precise figure via email from the site provider, who will manually retrieve the data for you.