Property Overview: 261 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 261 Lindsay Street presents a compelling opportunity defined by its generous lot and established neighbourhood setting. Built in 1953, the 1,216 sqft house sits on a notably large 7,693 sqft parcel of land—a standout feature that ranks in the top 2% of lots in North River Heights and the top 1% on Lindsay Street itself. This expansive outdoor space is the property's most distinctive asset, offering rare potential for gardens, expansion, or simply ample privacy in the city.
The home’s assessed value of $416,000 is positioned around the average for the street and the broader city, suggesting a stable, mid-market valuation. While the living area is modest compared to some larger homes in the area, its size is quite typical for Lindsay Street. The property’s appeal lies in this balance: it offers a substantial and elite-sized lot with a house that is functionally sized and priced accessibly for the desirable North River Heights community. It would suit a buyer who values land size and future potential over immediate square footage—perhaps a household looking to customize or expand over time, or someone seeking a generous, established yard in a prime location without a premium price tag tied to a maximized house.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large for the area. At 7,693 sqft, it is significantly bigger than the average lot on Lindsay Street (~5,559 sqft) and in North River Heights (~5,054 sqft), placing it in the top 2% of the neighbourhood.
2. Is the house smaller than others in the area?
The living area of 1,216 sqft is slightly below the average for North River Heights, but it is actually very close to the average size for other homes specifically on Lindsay Street. This indicates the street may feature more modestly sized homes on larger lots.
3. What is the property’s value context?
With an assessed value of $416,000, it sits near the average for the street and for Winnipeg overall. It is assessed below the average for the North River Heights area, which may reflect the home’s more modest size relative to its large lot.
4. When was it last sold, and for how much?
Public records indicate a sale between November 2016, with a sold price in the range of CA$300,000–$350,000. Exact sale figures require a manual lookup from the provider.
5. What is less obvious about this property’s data?
The year built (1953) is newer than most homes in North River Heights, ranking in the top 5% for the neighbourhood. This suggests a potentially newer construction than many surrounding character homes, which could mean different architectural features or building materials.