575 Ash Street

Property Overview

This two-storey home on Ash Street in Central River Heights offers a classic Winnipeg character combined with practical updates. Built in 1948, it sits on a generous 5,302 sqft lot, providing ample outdoor space that is larger than many city-wide averages. The 1,220 sqft living area is cozy but efficiently laid out for a smaller household or couple. A key feature is the renovated basement, adding valuable finished space, and the property includes a detached garage. It last sold in May 2023 for $470k, a price point that was above average city-wide but competitive for the desirable Central River Heights neighbourhood.

The appeal here is rooted in location and lot size. You're purchasing a prime piece of land in a well-established, central community, with the home itself serving as a solid, updated foundation. It suits first-time buyers or downsizers who prioritize neighbourhood over sheer square footage, and who may see value in a home where the major renovation work (the basement) is already complete. A thoughtful perspective is that while the living space is modest, the large lot offers future potential for expansion or landscaping, something harder to find in newer subdivisions.

Frequently Asked Questions

1. How does the lot size compare to others?
The lot is 5,302 sqft, which is above the city-wide average and provides a sizable backyard for the area, ranking in the top 42% on Ash Street itself.

2. Is the home considered small for the neighbourhood?
The living area is 1,220 sqft, which is below average for Ash Street but actually very close to the average size for both Central River Heights and Winnipeg overall, making it a typical footprint for the city.

3. What does "renovated basement" typically mean here?
While specific finishes aren't detailed, it indicates the basement is finished as livable space, which significantly adds to the usable area of this home beyond the main two storeys.

4. The assessed value seems low compared to the sale price. Why?
The $43.4k assessed value is for municipal tax purposes and is not a market valuation. The 2023 sale price of $470k is the true market indicator and reflects the home's value in this sought-after location.

5. What is the significance of the detached garage?
In a neighbourhood of older homes, a detached garage is common and provides secure parking and storage. It also offers flexibility, potentially allowing for a workshop or studio space separate from the house.