Property Overview
This 1953 one-storey home on a generous 5,784 sqft lot in Central River Heights presents a practical opportunity. Its key appeal lies in a desirable, established neighbourhood paired with a recently renovated basement, offering immediate livable space. The detached garage and above-average lot size for the street provide valuable outdoor and storage utility. With a living area of 1,267 sqft that is modest for the immediate street but average for the wider area, this property suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint in a prime location. It’s a home for those who value location and lot potential over sheer interior size, with the renovated basement serving as a crucial space-expander or potential income suite (subject to verification).
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not confirm it as a legal secondary suite. A buyer must verify with the city for proper permits and compliance, which is essential for potential rental income.
2. How does the sale history affect value?
The home last sold in late 2017 for $42.3k, significantly below its current assessed value of $49.9k. This gap suggests substantial renovation or market shift, making a current professional appraisal and recent comparable sales analysis vital.
3. What does "around average" for the assessed value really mean?
While the assessed value is "around average" for Ash Street, it ranks in the top 22% for Central River Heights and top 20% citywide. This indicates the home holds stronger value relative to many Winnipeg properties, likely due to its location.
4. Is the smaller living area a concern?
At 1,267 sqft, the main floor living space is below the average for Ash Street. However, the renovated basement effectively adds functional square footage. Buyers should consider total usable space, not just the official living area metric.
5. What are the implications of the lot size?
The lot is in the top 28% for size on Ash Street. This is a standout feature, offering more outdoor space than many neighbours and future potential for additions, landscaping, or gardening, which is uncommon in central neighbourhoods.