Property Overview: 500 Lindsay Street, Winnipeg
Key Characteristics & Appeal
This home at 500 Lindsay Street in North River Heights presents a practical opportunity in a well-regarded neighbourhood. Built in 1952, it’s a notably newer construction compared to many homes in the immediate area, which may suggest updated infrastructure or fewer legacy maintenance concerns. With 977 sqft of living space, the house is more compact than the neighbourhood average, offering a manageable footprint. Its assessed value of $390,000 sits below the area norm, indicating a potentially more accessible entry point into the community.
The appeal lies in its balance and position. The lot size of 5,279 sqft is actually above average for North River Heights, providing valuable outdoor space that is less common locally. This creates an interesting dynamic: a modest-sized home on a relatively generous lot. It recently sold within the $350,000–$400,000 range, aligning with its city-wide assessed value. This property would suit first-time buyers seeking a foothold in a established neighbourhood, downsizers looking for a manageable home with a good-sized yard, or value-oriented buyers comfortable with a smaller interior who prioritize land and location.
Frequently Asked Questions
1. Is the house smaller than others nearby?
Yes. With 977 sqft of living area, it is below the average for both North River Heights (1,540 sqft) and for homes on Lindsay Street itself (1,175 sqft). This indicates a more compact, efficient layout.
2. How does the lot size compare?
The 5,279 sqft lot is a standout feature for the neighbourhood. It’s larger than the average lot in North River Heights (5,054 sqft), offering more private outdoor space than many surrounding properties.
3. What does the assessed value tell us?
The $390,000 assessment is below the North River Heights average but aligns with the city-wide average. This often reflects the home’s smaller size and suggests it may be priced more accessibly within this desirable area.
4. The home was built in 1952. Is that old for the area?
Interestingly, no. While 74 years old, it is newer than most homes in North River Heights, ranking in the top 6% for year built locally. This could mean construction methods or core systems are relatively more modern compared to neighbours.
5. Where can I find verified sale price history?
The provided sold price is an estimate from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry rules.