Property Overview: 383 Lindsay Street, Winnipeg

Key Characteristics & Appeal

This home on Lindsay Street in North River Heights is defined by its exceptional interior space. With 2,513 sqft of living area, it ranks in the top 1% of homes on its street and the top 3% citywide, offering significantly more room than typical comparables. This spaciousness is paired with an assessed value of $528k, which sits above average for the street, neighbourhood, and wider city, suggesting a premium for the home's size and location. The lot is a generous 5,600 sqft, well above the area average.

Built in 1948, the home is older than most on its specific street but is actually slightly newer than many in the broader North River Heights area. This indicates a classic, established character with potential for updates. The appeal lies in securing a much larger-than-average home in a desirable neighbourhood without an exponentially higher assessed value, offering a unique value proposition for space.

This property would best suit buyers who prioritize generous interior square footage over a newer build, such as growing families needing room or those who value the established charm and mature landscaping of an older home. It’s for someone looking at the long-term value of space in a prime location, willing to potentially invest in modernizations.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $528k is for municipal tax purposes and is above average for the area. Market conditions, the home’s interior condition, and recent renovations will ultimately determine the final sale price, which may be higher or lower.

2. Given the home was built in 1948, what should I consider?
While the structure is solid and from a sought-after era, key systems like plumbing, electrical, the roof, and insulation may require inspection or updating. This age also presents an opportunity to customize renovations to modern tastes while preserving classic character.

3. The home sold in 2016. What can that history tell me?
The previous sale price (estimated between $400k-$450k) provides a benchmark for past market value. Comparing it to the current assessment can indicate how the property’s perceived value has changed over nearly a decade, though it does not guarantee future performance.

4. What does it mean that the living area is in the "top 1%" for the street?
This statistic highlights that 383 Lindsay Street is a clear outlier in terms of size compared to its immediate neighbours. It offers a rare amount of interior space on that block, which is a major advantage but may also mean the home’s layout or style differs from others nearby.

5. How can I get the exact historical sold price data for this home?
The site notes that due to industry rules, exact MLS sold records are not displayed publicly. You can request the exact sold price history by emailing them directly for a manual lookup, which they will provide without using your email for marketing.