Property score
59.4
Fair
Overall 59.4 · Smaller and older than most nearby homes
1,076 sqft (bottom 22%) · Built in 1914 (23 yrs older than avg)
Located in a high-income area with median household income of ~101k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby
Living Area
Below average
30% smaller than neighborhood avg.
Year Built
Below average
23 yrs older than neighborhood avg.
Mother tongue
English · 85%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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59.4 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110378
$101K
Median household income
$122K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
32%
Single-person households
22%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
242 Lindsay Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 398 m), 3 parks (nearest 355 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 242 Lindsay Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile within the desirable North River Heights neighborhood. Built in 1914, it is a century-old property with a modest 1,076 sqft living area and a 3,002 sqft lot, both notably smaller than area averages. Its assessed value of $275k is significantly below the typical home in North River Heights, placing it among the most affordable properties in the area.
The primary appeal lies in its value proposition: entry into a well-established, central neighborhood at a lower price point. It suits practical, value-conscious buyers such as first-time homeowners willing to take on a character home, downsizers seeking a manageable footprint in a prime location, or investors looking for a rental property in a high-demand area. A thoughtful perspective is that its smaller scale and lower taxes could align with a minimalist or efficient lifestyle, while its age offers the charm and potential of a historic property, albeit with the understanding that maintenance and updates may be required.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessment reflects key characteristics like the home's older age, smaller square footage, and more compact lot size compared to the larger, often newer homes that dominate North River Heights.
2. What should I consider with a home from 1914?
While offering character, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems. A thorough inspection is essential to understand the condition and any needed updates.
3. Is the smaller lot size a major drawback?
It depends on your priorities. The lot requires less maintenance, which can be a benefit, but it also means limited space for expansions, large gardens, or extensive outdoor recreation compared to other properties in the area.
4. How reliable is the sold price data from 2017?
The listed sale from 2017 provides historical context, but it is not a current market valuation. Market conditions have likely changed, so this figure should be used as a reference point only, not an expected price.
5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, move-in-ready home without renovation projects, or for families requiring substantial living space and a large yard typical of the neighborhood.
