Property Overview: 195 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a classic North River Heights property built in 1949, offering a practical blend of space and value. Its primary appeal lies in its generous 6,294 sqft lot, which is notably larger than most in the immediate area and neighbourhood—ranking in the top 15% locally. This presents a significant opportunity for gardening, expansion, or simply enjoying ample private outdoor space, a feature that becomes increasingly valuable in established communities.
The 982 sqft living area is modest and below the neighbourhood average, suggesting a home that is likely efficient and manageable. With an assessed value of $437,000 that sits close to the average for its street and city-wide benchmarks, the property is positioned as a value-conscious entry into a desirable area. It recently sold between $400,000-$450,000, aligning with this assessment.
This property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing yard size in a prime location. It’s also a sensible candidate for those with a vision to renovate or expand over time, given the substantial lot size relative to the home's current scale. The data suggests you’re investing more in the land and location here, with the existing house representing a solid foundation.
Frequently Asked Questions
1. Is the house in need of major updates?
Built in 1949, the home is of an age where core systems like plumbing, electrical, or the roof may require evaluation or updating. Its below-average living area for the neighbourhood suggests it has not been extensively expanded, so it may retain much of its original character.
2. How does the lot size compare, and what are the possibilities?
The lot is a standout feature. At over 6,000 sqft, it is significantly larger than many nearby properties. This allows for possibilities like adding a garage, creating extensive gardens, or even a future addition, subject to local zoning bylaws.
3. What does the assessed value tell me about the price?
The $437,000 assessment is very close to the recent sold price range of $400,000-$450,000. This indicates the property is priced in line with municipal valuation, which is based on market trends and characteristics like lot size, living area, and location.
4. The living area seems small. How does the layout work?
At 982 sqft, the home is compact. Buyers should consider if the layout meets their needs for bedrooms, living space, and storage. The trade-off is a more efficient and potentially affordable-to-heat home on a very large lot.
5. Where can I get the exact sold price history?
The exact sale price is not publicly displayed due to industry regulations. You can request the precise transaction history by emailing the site directly; they will provide the verified figures manually at no cost.