Property Overview: 643 Ash Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Central River Heights is a practical and well-situated property built in 1951. Its key features include a renovated basement and a detached garage. With 1,379 sqft of living space on a 4,831 sqft lot, the home offers a comfortable footprint that is very typical for its neighbourhood, neither exceptionally large nor small. The data suggests it is a quintessential "middle-of-the-road" property for the area in terms of lot size, living space, and assessed value. Its appeal lies in its established location and the value derived from a modernized basement, which adds functional space. This home would suit a first-time buyer or a downsizer looking for a low-maintenance, move-in-ready property in a central, mature neighbourhood without the premium price tag of a larger or fully renovated character home. A thoughtful perspective is that its very averageness in the local context could be a stability advantage, offering a realistic entry point into a desirable area with less risk of over-improvement for the street.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is 4,831 sqft, which is close to the average for Ash Street itself and slightly below the average for the broader Central River Heights neighbourhood. It provides a standard urban yard space.
2. Is the basement development a full suite?
The listing specifies a renovated basement, but does not detail if it is a legal suite with a separate entrance. This would be a key point to clarify with the seller or listing agent.
3. What is the significance of the assessed value versus the sale price?
The property was last assessed at $41,800 but sold for $43,500 in March 2023. This indicates the market price was slightly above the city's assessed value at that time, which is common. Assessments are for tax purposes and can differ from market value.
4. How does the age of the home affect things?
Built in 1951, the home is older than the Winnipeg city average. While it has a renovated basement, potential buyers should budget for updates to other original systems, such as plumbing, electrical, or the roof, which may be due for maintenance or replacement.
5. Are the rankings provided a good measure of value?
The rankings show how this property compares to peers. They are useful for understanding context, but shouldn't be the sole deciding factor. For example, while its living area ranks in the top 35% for the neighbourhood, this mainly indicates many area homes are compact. It highlights the neighbourhood's character of modest, established homes.