196 Lindsay Street

Property Overview: 196 Lindsay Street, Winnipeg

Key Characteristics & Appeal

This is a modern, high-value home in North River Heights, built in 2023. Its primary appeal lies in its combination of new construction and above-average interior space. With 1,662 sqft of living area, it offers significantly more room than most homes on its street and is above the citywide average, providing a spacious feel within a newer build. The assessed value of $689k places it in the elite tier for the street and citywide, reflecting its premium positioning.

The property suits buyers seeking a move-in-ready, modern home without the typical maintenance concerns of an older property. It’s ideal for those who prioritize interior space and contemporary amenities over a large yard, as the lot size is notably smaller than area norms. This creates a low-maintenance exterior but less private outdoor space. A thoughtful perspective is that this home represents a trade-off: you acquire a top-tier, modern asset in a established neighbourhood, but with a land footprint that is compact relative to its neighbours.

Frequently Asked Questions

1. Why is the assessed value so much higher than nearby homes?
The assessed value reflects the home's very recent construction (2023) and its larger-than-average living area. It's categorized among the newest and most substantial homes in the area, which commands a premium compared to the older, often smaller homes that dominate the street.

2. What does the smaller land area mean for me?
The lot is approximately 3,000 sqft, which is below average for the neighbourhood. This typically means a smaller backyard and less distance from neighbouring houses. The benefit is lower exterior maintenance, but it may not suit those looking for extensive gardening, play space, or high privacy.

3. How current and reliable is the sold price data shown?
The sold price range (CA$750k–800k) is based on publicly available data from July 2024. The site notes this data has had limited verification and is not sourced from the MLS. For fully verified and exact transaction figures, you must request a manual lookup via email from the service.

4. The home is new, but what about the neighbourhood's overall character?
North River Heights is a well-established, mature neighbourhood. This home is an exception in age, surrounded predominantly by homes built decades earlier. Buyers get a brand-new house within a settled community with mature trees and established amenities.

5. Are property taxes likely to be high?
Given the assessed value is in the top tier for the city, property taxes will be correspondingly higher than for a typical Winnipeg home. It's advisable to use the city's mill rate and this assessment to calculate an estimated tax bill.