Property Overview: 647 Ash Street, Winnipeg
Key Characteristics & Appeal
This 1951 two-storey home in Central River Heights sits on a 4,806 sqft lot. With 1,379 sqft of living space, a renovated basement, and a detached garage, it offers a practical layout in a well-established neighborhood. The home recently sold for $440k.
Its primary appeal lies in its location and value within the context of the area. While the lot size is below average for Ash Street itself, it is a manageable size for maintenance and is typical for Central River Heights overall. The sale price positioned the property above the Winnipeg city-wide average, suggesting a premium for the desirable River Heights location. The renovated basement adds modern, functional space without the need for immediate updates.
This property would suit a buyer looking for a character home in a prime neighborhood who prefers a yard of manageable scale. It’s a strong fit for small families, professionals, or downsizers seeking single-level living potential with the basement space, while still offering the traditional two-storey layout. The buyer is likely one who values location and community over maximizing square footage, appreciating that they are purchasing into a sought-after area at a price point that reflects that demand.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the average for Ash Street, it is very typical for the Central River Heights neighborhood overall. It represents a lower-maintenance yard while still providing private outdoor space, which can be a benefit for many buyers.
2. How does the sale price compare to the assessed value?
The home sold for $440,000 against an assessed value of $40,300. This large difference is normal and reflects the market value premium for a renovated home in a high-demand neighborhood, whereas the assessed value is used for municipal tax purposes and often lags behind current market trends.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality of the renovation and whether it includes legal egress, a bathroom, or a kitchenette.
4. How does the living space compare to nearby homes?
At 1,379 sqft, the living area is slightly smaller than the average on Ash Street but is actually slightly larger than the average home in Central River Heights and Winnipeg overall. It offers a comfortable size for the area.
5. What is the significance of the home’s age?
Built in 1951, the home is older than the Winnipeg city-wide average but is typical for its historic neighborhood. This age suggests classic construction and character, but a thorough inspection is advised to understand the condition of major aging components like the roof, plumbing, and wiring.