119 Lindsay Street – Property Summary

Key Characteristics and Buyer Profile

This is a newly built home (2023) on Lindsay Street in the Wellington Crescent area of Winnipeg, with 1,655 square feet of living space on a 6,157-square-foot lot. Its assessed value is $805,000.

What stands out most is how the property compares at different geographic levels. On its own street, it ranks among the top 1% for assessed value and year built, and in the top 10% for living area. At the neighborhood level, it’s around average for both lot size and assessed value—meaning it fits in rather than towers over nearby homes. Citywide, it ranks in the top 2% for assessed value and top 1% for newness, but only in the top 23% for living area and top 28% for lot size. So it’s a relatively compact newer house on a modest lot by city standards, yet it commands a high valuation.

The appeal lies in its combination of new construction and established street prestige. Lindsay Street has older homes with smaller living areas on average, so this property offers something noticeably more modern without being oversized. The lot is above average for the street but below the neighborhood average, which suggests a more manageable yard compared to some of the larger properties nearby.

This would suit buyers who want a brand-new home in a well-regarded area but don’t need—or don’t want—a massive footprint. It might also appeal to someone moving from a larger city who finds the assessed value reasonable relative to new construction costs, or to a buyer who values being on a street with high comparative resale strength. It’s less suited for someone seeking a large family home with extensive land, or for a buyer primarily focused on square footage per dollar.

Frequently Asked Questions

1. Is this a teardown or an older character home?
No. It was built in 2023, making it one of the newest homes on the street and in the neighborhood. It is not a heritage property or a fixer-upper.

2. How does the lot size compare to other homes nearby?
The lot is 6,157 square feet. That’s larger than the average on Lindsay Street (5,559 sqft) but smaller than the Wellington Crescent neighborhood average (9,488 sqft). So it offers more yard space than most of its immediate street neighbors but less than the typical home in the broader area.

3. Why is the assessed value so high relative to the living area?
The assessed value ranks in the top 1% on the street and top 2% citywide, while the living area only ranks in the top 10% on the street and top 23% citywide. This suggests the value is driven primarily by the new construction and the location, not by sheer size. Buyers are paying a premium for a recently built home in a sought-after pocket of the city.

4. Is this property considered large or small for Winnipeg?
It’s slightly above average citywide for living area (top 23%) and above average for lot size (top 28%), so it’s not small. But it is notably smaller than the neighborhood average, which leans toward larger homes and bigger lots. It’s best described as a mid-size home in a neighborhood of generally larger properties.

5. What type of neighbourhood is Wellington Crescent?
Wellington Crescent is an established, higher-value residential area in Winnipeg. The data shows the average home there was built around 1940 and has a living area of about 2,343 square feet on a 9,488-square-foot lot. It’s not a newly developed suburb; it’s an older, mature area with a mix of character homes and some newer infill like this property.