Property Overview & Key Characteristics
This two-storey home on Ash Street in Central River Heights presents a classic, grounded opportunity. Built in 1948, it sits on a standard-sized lot for the area and offers 1,342 sqft of living space. A key feature is its renovated basement, adding functional space, and it includes a detached garage. The home’s appeal lies in its established neighbourhood setting and its position as a statistically average property within its immediate context—it doesn’t stand out for being particularly large, small, new, or old compared to its direct peers on Ash Street. This can be a strength, offering a balanced entry point into a desirable area without the premium often attached to outlier properties.
It would suit a pragmatic buyer, perhaps a first-time homeowner or a downsizer, who values location and a solid foundation over flashy features. The renovated basement and detached garage add practical value for someone needing workshop space, storage, or a flexible family area. This is a home for those comfortable with the character of a post-war build and who see potential in a property that is in line with, rather than leading, the local market.
Frequently Asked Questions
1. How does this home compare to others in Central River Heights?
The data shows it is very much in the middle of the pack for the neighbourhood. Its lot size, living area, and assessed value all rank close to the average for Central River Heights, meaning it’s a representative example of what the area offers.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key point for clarification, as it could range from updated finishes to a fully developed legal suite or additional living space.
3. Is the assessed value a reliable indicator of the sale price?
The home last sold for $43,500 in late 2020, very close to its current assessed value of $43,200. While assessments are for tax purposes and not market valuations, this close historical alignment suggests a stable value trajectory, though current market conditions will ultimately determine the price.
4. What are the implications of the home's age (1948)?
At 78 years old, the home’s systems (roof, wiring, plumbing) and structure should be a primary focus for inspection. Its age is typical for the street but is older than most homes in the wider city, so due diligence is essential.
5. How does the detached garage affect the property?
A detached garage offers valuable storage or workshop space and can reduce noise from vehicles entering and exiting the main house. However, it may be less convenient than an attached garage during Winnipeg winters, a practical consideration for potential buyers.