Property Overview & Key Characteristics
This two-storey home on Ash Street in Central River Heights presents a classic, low-maintenance footprint on a generous lot. Its key appeal lies in the balance of a renovated basement, a detached garage, and a land area that is significantly larger than most on its street, offering valuable outdoor space and potential in a sought-after neighbourhood. While the living space is compact at 1,176 sqft, the home’s assessed value sits above the citywide average, reflecting the premium for its location.
It would suit first-time buyers or downsizers seeking an established neighbourhood character without an overly large house to maintain. The large lot is a standout feature for the street, appealing to those who value garden space or future expansion potential more than sheer interior square footage. It’s a practical entry point into a mature area where the value is anchored in the land and location as much as the dwelling itself.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property’s land area of 4,566 sqft is in the top 2% largest on Ash Street itself, meaning it is substantially bigger than most direct neighbours. This is a key differentiator offering more privacy and yard space than typical for the immediate area.
2. How does the home’s size compare to the neighbourhood?
The living area is about average for both Central River Heights and Winnipeg overall. However, it is below the average for Ash Street specifically, indicating that many homes on the same block are larger. This suggests a more efficient, manageable floor plan.
3. What does the assessed value tell us?
With an assessed value above the Winnipeg average, the property is viewed as a higher-value asset citywide. This is likely driven by its desirable neighbourhood and lot size. It’s worth noting that its last sale price in 2019 was below the current assessed value.
4. Is the age of the home (built 1950) a concern?
For its street and neighbourhood, the build year is around average to slightly newer. While it will have the maintenance considerations of any 70+ year old home, it is not an outlier in terms of age for Central River Heights, an area prized for its classic housing stock.
5. Who might this property not suit?
Buyers needing substantial, move-in-ready interior space or modern open-concept layouts may find the living area compact. It’s likely better for those comfortable with the character of a mid-century home and who see the large lot as a primary asset.