564 Ash Street

Property Overview & Key Characteristics

This 1948 two-storey home on Ash Street in Central River Heights presents a classic Winnipeg character property with practical updates. Its key appeal lies in a desirable, established neighbourhood combined with a recently renovated basement, offering immediate livability. The lot size is generous and typical for the street, providing good outdoor space, while the living area is comfortable and aligns with city-wide averages.

The home would suit a first-time buyer or downsizer looking for a lower-maintenance property in a central location without a major renovation project. It also appeals to value-conscious buyers who prioritize a renovated interior and a decent lot over a larger house footprint. A thoughtful perspective is that while the house itself is modest in size compared to some on its street, its above-average assessed value city-wide suggests the improvements and location contribute solid underlying value.

Frequently Asked Questions

What does "renovated basement" typically include?
While the specifics should be confirmed via the listing agent, a designation of a renovated basement in a home of this era often indicates updated finishes, such as drywall, flooring, and lighting, potentially creating a functional living, recreational, or utility space.

How does the lot size compare practically?
At approximately 5,289 sq ft, the lot is just below the average for Ash Street but remains a very good size for the area. It offers ample room for gardening, recreation, or potential additions like a deck or shed, without the excessive upkeep of a much larger property.

Is the detached garage a standard size?
The listing confirms a detached garage, which is common for homes of this vintage. Buyers should verify its dimensions and condition to ensure it meets their needs for vehicle storage, workshop space, or general storage.

The home was built in 1948. What should I be aware of?
While the renovated basement is a plus, a home of this age will have original components. A thorough inspection is recommended to assess the condition of major systems like the roof, plumbing, electrical, and the home's foundation and structure.

Why is the assessed value notably higher than the last sale price?
The assessed value is for taxation purposes and reflects the municipality's valuation of the property, which may include market trends and the recorded renovation. The sale price from 2022 represents the market value at that specific time, and the current listing price will be determined by today's market conditions.