Property Overview: 560 Ash Street, Central River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-and-a-half storey home in Central River Heights offers a practical blend of established neighbourhood charm and updated utility. Built in 1948, it sits on a standard-sized lot for the area (over 5,300 sq ft) and features a renovated basement and a detached garage. With 1,337 sq ft of living space, it provides a comfortable footprint that is quite typical for Winnipeg overall, though slightly more compact than the average home on its own street.
The primary appeal lies in its location within a sought-after, mature neighbourhood and the value presented by the modernized basement. The home’s metrics are consistently "around average" when compared locally and citywide, suggesting it is a solid, no-surprises offering in a stable market context. It would suit first-time buyers or downsizers seeking a move-in-ready home in a central, walkable community without the premium price tag of a larger or newer property. A thoughtful perspective for buyers is to see the slightly smaller living area not as a drawback, but as an opportunity for lower utility costs and easier maintenance, allowing more time and budget to enjoy the neighbourhood's amenities.
Section 2: Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $380,000 in October 2023, which is significantly higher than its assessed value of $41,600. This is normal, as municipal assessed value for property tax purposes is not a market appraisal and often lags far behind actual sale prices.
2. Is the living space sufficient for a growing family?
At 1,337 sq ft, the living area is manageable but below the average for similar homes on Ash Street. It would best suit a small family, a couple, or someone looking to downsize. The renovated basement provides crucial additional flexible space.
3. What does the "around average" ranking mean for key features?
The data shows the home’s land size, living area, and assessed value consistently rank in the 30-70% range compared to peers. This indicates the property is very typical, not standing out as exceptionally large or small, which can be positive for maintaining stable value and reasonable property taxes.
4. Are homes from 1948 expensive to maintain?
While the building is older, a key updated feature is the renovated basement, which addresses a common concern in older homes. Prospective buyers should still budget for routine maintenance expected of a house of this age, such as inspecting the roof, windows, and major systems.
5. How does this property fit within the Central River Heights neighbourhood?
The home’s year built (1948) is notably newer than many in Central River Heights, where comparable homes average from 1944. This means you may find slightly more modern construction than some neighbours, though the overall character and lot size are consistent with this established area.