Property Overview: 250 Lindsay Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a compact, character property built in 1929, offering a practical footprint of 918 sq. ft. on a 3,002 sq. ft. lot in the established North River Heights neighbourhood. Its core appeal lies in being an accessible entry point into a desirable area, with a city-wide assessed value ($308k) that sits closer to the Winnipeg average than it does to the higher averages within its own street and neighbourhood. This suggests a potentially lower barrier to entry for the location.
The data reveals a clear narrative: this is a smaller, older home on a modest lot compared to most in its immediate vicinity. Its appeal is likely less about grandeur and more about value, simplicity, and location. It would suit a first-time buyer, a downsizer, or an investor seeking a manageable property in a prime area. A thoughtful perspective is that this home represents the "baseline" of North River Heights—owning here isn't about having the largest home, but about participating in the community. Its recent sale history shows solid value retention, indicating a stable, if not rapidly appreciating, asset.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data indicates it is. Its assessed value is significantly below the averages for Lindsay Street and North River Heights, yet it provides the same location benefits. For a buyer prioritizing area over square footage, it represents a strategic value proposition.
2. What should I expect regarding updates or maintenance?
Built in 1929, the home is older than most on its street. Prospective buyers should budget for and anticipate the maintenance needs common to houses of this era, such as potential updates to plumbing, electrical, or windows. A thorough inspection is essential.
3. The lot seems smaller than others nearby. Is that a major drawback?
The land area is in the bottom 10% for the neighbourhood. This means lower maintenance and likely a smaller yard, which could be a positive for those seeking simplicity. However, it may limit expansion possibilities and offers less private outdoor space than neighbouring properties.
4. How does the sold price history inform the current value?
The home sold in mid-2024. While the exact price is protected, the data shows it sold within a range that placed it in the top 70% city-wide for value, suggesting it was competitively priced. This recent transaction provides a solid, contemporary benchmark for market value.
5. Where can I get the exact historical sold prices?
The site does not display MLS sold data due to industry rules. You can request the exact sold price history by emailing them directly; they provide this information manually at no cost and do not use your email for marketing.