Property Overview: 427 Lindsay Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 427 Lindsay Street presents a compelling blend of modern convenience and established neighbourhood character. Built in 1983, it is a notably newer construction compared to most homes in North River Heights, which predominantly date back to the mid-20th century. This suggests a property likely requiring less immediate upkeep on major aging components, a practical advantage often overlooked.

With 1,249 sqft of living space, the home offers a functional size that is quite typical for Lindsay Street itself, but sits above the average for the immediate street. Its true standout feature is its assessed value of $520,000, which ranks in the top 10% on its street and top 26% in the wider North River Heights area. This indicates a perception of above-average value, possibly due to its newer build, the 5,598 sqft lot size (which is generous for the area), or specific upgrades.

The appeal lies in this balance: it’s a relatively contemporary home within a mature, sought-after neighbourhood. It suits buyers looking for the established trees and community feel of North River Heights but with the potential for more modern systems and layout. It would also appeal to value-conscious buyers who appreciate that its assessment is strong relative to its peers, suggesting a solid investment within the community.

Frequently Asked Questions

1. How does the 1983 build year affect this home?
Being built in 1983 means major components like the roof, windows, and foundation are likely younger than those in most neighbourhood homes. This can mean fewer concerns about pre-1950s building materials or layouts, but it also places the home in an era where some updates (like kitchens or bathrooms) may be due for modernization.

2. The assessed value seems high for the living area. Why?
The assessment ranks well above average for the street and area. This premium likely reflects the combination of the newer construction, the larger-than-average lot for North River Heights, and potentially any improvements made. It’s a sign the property is viewed as a higher-value asset compared to many around it.

3. What does the sold price history from 2019 tell us?
The prior sale in the CA$400k–450k range provides a historical benchmark. The current $520k assessment indicates significant appreciation in value since that sale, reflecting market trends and possibly any enhancements made to the property.

4. Is the lot size a major feature?
At 5,598 sqft, the lot is above average for North River Heights, offering more outdoor space than many properties in the area. This is a key differentiator for gardening, recreation, or future expansion, and contributes to the higher assessment.

5. How can I verify the exact past sold prices?
The site provides sold price ranges based on public data. To obtain the exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system displayed on the site.