Property Overview: 256 Lindsay Street, Winnipeg
Key Characteristics & Appeal
This is a modern, high-value home in North River Heights, built in 2024. Its primary appeal lies in its new construction, generous living space, and premium assessed value. At 1,652 sqft, the living area is well above average for its immediate street and the city overall. The standout feature is its assessed value of $687k, which places it in the elite top 2-7% of homes in both the neighbourhood and citywide, indicating a premium property in the market.
The home suits buyers looking for a move-in ready, modern build without the wait or uncertainties of new construction. It’s ideal for professionals or small families who prioritize contemporary finishes, energy efficiency, and low maintenance over a large yard, as the lot size is notably smaller than area averages. A thoughtful perspective is that this property represents a trade-off: you acquire a top-tier, modern asset on a smaller parcel, which may appeal to those seeking a "lock-and-leave" lifestyle or who value interior space and modern amenities over extensive outdoor space. Its recent sale history (sold between $600k-$650k in early 2024) suggests a strong and stable entry point into one of Winnipeg's established neighbourhoods.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is smaller than most in North River Heights, it translates to less yard maintenance. The value is clearly concentrated in the new structure itself, making it a efficient use of space for those who prioritize the home over the land.
2. Why is the assessed value so much higher than neighbouring properties?
The assessed value reflects the home's new condition, modern materials, and current construction costs. It ranks in the top tier because it is a recent build among a stock of mostly older homes, with an average neighbourhood build year of 1955.
3. What does the recent sale price tell me?
The home sold between $600,000 and $650,000 in February 2024. This provides a concrete benchmark for its market value just over a year ago, which aligns closely with its current high assessment.
4. Is this a good investment for the area?
Its elite value ranking suggests it is a premium asset for the area. Investment quality would depend on whether you believe the premium for new construction in an older neighbourhood will be sustained. It may appeal to buyers seeking modern comforts without leaving a central, established community.
5. Where can I get exact historical price data?
The site notes that exact sold prices are not displayed publicly due to data sourcing rules. You can request the exact figures by email, and they will be provided manually without using your contact information for marketing.