Property Overview
This 1956 one-storey home at 576 Lindsay Street in Central River Heights is a property defined by its balance and potential. Its key appeal lies in a renovated basement and a decently sized, detached lot within a mature and desirable neighbourhood. The home itself is compact at 944 sqft, placing it below average in size for the area, which suggests a more manageable footprint. This is offset by a land area that, while below average for Lindsay Street, is still a generous 5,160 sqft, offering valuable outdoor space. The assessed value sits comfortably around the average for Winnipeg, indicating a stable, mid-market investment. The home would suit first-time buyers seeking an entry point into a prime neighbourhood, downsizers looking for a manageable property without sacrificing yard space, or value-oriented investors attracted by the renovated basement suite potential and the lot size in a central location.
Frequently Asked Questions
Is the house particularly small?
Yes, the living area is 944 sqft, which is below average for both the street and the broader Central River Heights area. This makes it a more manageable home, ideal for those who prefer less interior space to maintain.
What does the "renovated basement" mean?
The listing confirms the basement is renovated but does not specify the finish or layout. It's essential to clarify if it is a legal suite, a recreational space, or simply updated living areas, as this significantly impacts utility and value.
How does the lot size compare?
At 5,160 sqft, the lot is below the average for Lindsay Street but is still a substantial size, especially for the inner city. It offers more outdoor potential than many newer infill properties, which is a key asset.
Is the 2018 sale price relevant today?
The home sold for $320k in 2018. While it provides historical context, the current assessed value of $430k and market conditions have likely shifted the price point considerably since then.
What are the less obvious pros and cons?
A thoughtful pro is the home's age; built in 1956, it is newer than many neighbours, potentially meaning fewer immediate major repairs. A less obvious consideration is the compact living area combined with a large lot—this layout is perfect for those who prioritize garden or outdoor space over a large interior footprint.