Property Overview: 225 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,144 sqft bungalow, built in 1950 on a 5,595 sqft lot, presents a solid, mid-century home in the established North River Heights neighbourhood. Its core appeal lies in its balanced positioning. The assessed value of $456k sits above average for both its immediate street and the wider city, suggesting a perception of good value or desirability relative to many counterparts, while being typical for the North River Heights area itself. The lot size is notably above average for the neighbourhood, offering more outdoor space than many nearby properties—a valuable asset for gardening, play, or expansion.
The home’s living area is moderately sized, below the neighbourhood average but typical for the street, positioning it as a manageable property rather than a sprawling one. It last sold in August 2022 within the $450k-$500k range. This profile suits practical buyers looking for a character home in a prime area without the footprint or maintenance of a larger estate. It’s particularly well-matched for first-time buyers moving into a desirable neighbourhood, downsizers seeking a substantial lot without an oversized house, or investors attracted by a stable, above-average assessed value in a consistent community.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($456k) is for municipal tax purposes and is a useful benchmark. The home last sold for between $450k and $500k in 2022, and its value ranks above average on its street and city-wide. However, market conditions, property condition, and updates since the last assessment will ultimately determine the sale price.
2. How does the lot size compare to others in the area?
At 5,595 sqft, the lot is a standout feature for North River Heights, ranking in the top 23% locally. This means it offers more yard space than over 75% of comparable properties in the neighbourhood.
3. The living area seems smaller than the neighbourhood average. What should I consider?
At 1,144 sqft, the home’s living space is below the North River Heights average (~1,540 sqft) but is typical for Lindsay Street itself. This indicates a more compact, efficient layout. Buyers should weigh the desirable lot size against the home’s footprint and consider the potential for renovations or additions, subject to local regulations.
4. What does the "Top 8%" ranking for Year Built in the neighbourhood mean?
This statistic means this home (built 1950) is newer than 92% of comparable properties in North River Heights, where the average benchmark year is 1937. In an area with many heritage-era homes, this suggests a potentially newer build with post-war construction standards, though a professional inspection is always recommended.
5. Where can I find verified historical sale prices for this property?
The site provides sold price ranges based on public data. For fully verified transaction history and exact sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.