345 Lindsay Street

Property Overview: 345 Lindsay Street, Winnipeg

Key Characteristics & Appeal

This home at 345 Lindsay Street in North River Heights presents a distinct profile centered on land value and location over square footage. Built in 1952, its 769 sqft living area is notably compact, ranking in the bottom 5-7% compared to homes on its street and in the wider neighborhood. This makes it one of the smaller homes in an area of typically larger properties.

The primary appeal lies in its generous 5,600 sqft lot, which is above average for North River Heights, and its assessed value of $393k. The value story is interesting: while the assessment is below the neighborhood average, it is very close to the city-wide average, suggesting you are paying primarily for the land and location within a desirable area, not for a large house.

This property would suit a specific buyer: a minimalist, a first-time buyer looking to enter a premium neighborhood at a lower price point, or an investor/developer who values the lot's potential. It's for someone who prioritizes outdoor space and community over interior size, and who may see the compact home as a manageable project or a tear-down opportunity in the long term.

Frequently Asked Questions

1. Why is the living area so much smaller than nearby homes?
This is a notably compact home for the area, typical of some original builds from the 1950s. It ranks in the bottom tier for living space both on its street and in North River Heights, indicating it's a smaller footprint on a standard-sized lot.

2. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in 2016. Its current $393k assessment is around average for the city but below the North River Heights average. This indicates the official valuation aligns more with the city-wide market than the premium neighborhood prices, potentially due to the home's size.

3. Is the lot size a significant feature?
Yes. At 5,600 sqft, the lot is above average for North River Heights (top 21%), offering more outdoor space than many neighboring properties. This is a key asset and differentiator for this listing.

4. What does the "above average" year built ranking mean?
In North River Heights, a 1952 build date is considered newer than most homes (top 6%), as the neighborhood average is 1937. On its own street and city-wide, however, it's around the median age. This highlights the character of the neighborhood, which features many heritage-era homes.

5. How can I get the exact historical sale price?
The site provides sold price ranges for non-members. To receive the exact sale figure from 2016, you must request it via email from the service, as they manually look up and provide this data due to industry regulations preventing its direct publication.