Property Overview: 234 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a 1,056 sqft bungalow built in 1945, situated on a 3,963 sqft lot in the established North River Heights neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a desirable area. With an assessed value of $352,000, it sits notably below the average for both its street and neighborhood, suggesting potential value for a buyer comfortable with a home of this vintage.
The data reveals a thoughtful perspective: while the living space is modest and the lot is smaller than many in the area, the home is actually newer than most in North River Heights, ranking in the top 23% locally for its year built. This indicates it may have fewer of the extreme age-related concerns found in some neighboring properties. The appeal is one of balance and opportunity—it suits a practical buyer, perhaps a first-time homeowner, downsizer, or investor, who prioritizes location over size and sees potential in a solid, older home that is relatively young for its well-regarded community. It’s a property for those who value character and neighborhood vibe more than expansive square footage, and who are prepared for the maintenance typical of an 81-year-old structure.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While assessed value is used for property tax calculation and is a useful benchmark, it does not always equal market value. This home’s assessed value is below area averages, which can be attractive, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
2. How does the smaller lot size impact the property?
At approximately 3,963 sqft, the lot is smaller than many in North River Heights. This means less yard for gardening or expansion, but also translates to less exterior maintenance. It could be a benefit for those seeking a lower-maintenance property while still enjoying a detached home.
3. What should I consider about a home built in 1945?
Homes of this age often have character and solid construction, but likely require updates to major systems like plumbing, electrical, and insulation. A thorough inspection is essential to understand the condition of the roof, foundation, and any original components. Its 1945 build date makes it newer than many area homes, which is a relative advantage.
4. The home last sold in 2017. What does that history suggest?
A sale seven years ago indicates the current owners have had a stable tenure. It provides a previous price point (in the $250k-$300k range) for comparison, highlighting the market appreciation since then. It doesn’t, however, reveal what renovations or updates may have been completed during that ownership.
5. How does this property compare to others on Lindsay Street?
The data shows this home has a smaller living area and lot size than the street average, and a lower assessed value (ranking in the top 84%, meaning 84% of homes on the street are valued higher). This positions it as one of the more modest and potentially affordable options on the street, which is useful for buyers with a firm budget who want to live in this specific location.