112 Lindsay Street – Property Summary

Key Characteristics & Buyer Profile

This 1,225-square-foot home, built in 1950, sits on a 5,996-square-foot lot in Winnipeg’s Wellington Crescent area. Its standout feature is assessed value: at $572,000, it ranks in the top 7% on its street and top 10% citywide, well above the average on Lindsay Street ($423,800) and across Winnipeg ($390,100). The lot size is slightly above the street average and roughly in the middle for the neighbourhood, though Wellington Crescent properties overall tend to have much larger parcels (average 9,488 sqft). Living space is near the street and city averages but notably smaller than the neighbourhood norm (2,343 sqft), reflecting that this home is more modest in size than many in the area. The house is older than the citywide average (1966) but newer than the neighbourhood average (1940), sitting at a middle point age-wise.

Where the appeal lies: The property offers a strong value proposition—you’re paying below the neighbourhood average assessed value for a home that ranks well above its street and city peers in terms of assessed worth relative to size. It’s not a grand Wellington Crescent estate, but a solid, mid-sized home in a desirable area where land is generally expensive and lots are large. The combination of a good citywide value rank and a reasonable lot size suggests potential for long-term hold or gradual renovation.

Who it suits: Buyers who want entry into a sought-after Winnipeg neighbourhood without taking on a massive property or premium price tag. It’s a good fit for someone who values location and land over square footage—perhaps a couple, small family, or investor looking for a home that underpromises on living space relative to the street but overdelivers on assessed value. It’s less suited for someone seeking a turnkey large home or who prioritizes modern construction.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area, and what does that mean for taxes?
The assessed value is $572,000—about 35% above the Lindsay Street average and 47% above the citywide average for comparable homes, but still well below the Wellington Crescent neighbourhood average of $805,600. Property taxes are based on this assessed value, so you’ll pay more than the street median but significantly less than many larger homes in the immediate area. It’s a middle-ground tax situation relative to the neighbourhood.

2. The lot is 5,996 sqft—is that considered small for Wellington Crescent?
It’s close to the street average (5,559 sqft) but roughly 37% smaller than the neighbourhood average (9,488 sqft). In Wellington Crescent, many lots are quite large, so this property offers a more manageable yard size. That can mean lower maintenance and potentially less cost for landscaping or fencing, while still giving you a decent outdoor space.

3. Why is the living area ranked low in the neighbourhood but average on the street?
The neighbourhood (Wellington Crescent) includes many larger, older homes with spacious floor plans—some well over 2,000 sqft. On Lindsay Street specifically, homes are more modest and closer in size to yours (average 1,175 sqft). So you’re typical for the street but undersized compared to the broader area. That’s not a negative; it simply means you’re buying into a desirable location at a more accessible size and price point.

4. The home was built in 1950—should I expect major system replacements soon?
Homes from this era often have had updates, but not always. You’ll want to check the age of the roof, furnace, electrical, and plumbing. Being newer than many neighbourhood homes (average 1940) means it may have some structural advantages, but it’s still over 70 years old. A pre-purchase inspection is wise, focusing on foundation, windows, and insulation, which were less efficient in mid-century construction.

5. How does this property rank for investment potential compared to others in the area?
The assessed value rank (top 10% citywide) suggests the market sees good value here relative to price. Land in Wellington Crescent tends to appreciate steadily, and this lot, while smaller than average, is still generous by city standards (top 33% citywide). The lower living area relative to the neighbourhood may limit resale value growth unless you add square footage, but the land component alone offers a solid floor for long-term appreciation. It’s a sensible entry point rather than a high-flip candidate.