Property Overview
This well-situated one-storey home at 744 Ash Street in Winnipeg's Central River Heights offers a classic and practical living proposition. Its key appeal lies in the combination of a generous, above-average lot size within a desirable neighbourhood and the value derived from a recently renovated basement. The 1,386 sqft living space is typical for the area, housed in a 1954-built structure with a detached garage.
The property’s standout characteristic is its land. At over 6,000 sqft, the lot size ranks in the top 18% for Ash Street and the top 16% for Central River Heights, offering significant outdoor space that is increasingly rare in mature neighbourhoods. This presents clear potential for gardening, expansion, or simply enjoying more private yard space. The renovated basement adds immediate functional living area without the need for a buyer’s own project.
This home would suit a buyer looking for a grounded investment in a stable community—perhaps a young family valuing yard space over a large interior footprint, or a downsizer seeking single-level living without sacrificing outdoor privacy. It’s a practical choice for someone who appreciates the established character of River Heights and sees value in a property where the land itself is a primary asset and the basement work is already complete.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 6,040 sqft lot is notably larger than many in the immediate area. It ranks in the top 16% for the Central River Heights neighbourhood, meaning you are getting more land than approximately 84% of comparable local properties.
2. What does "renovated basement" imply?
While specific finishes aren't detailed, the listing confirms the basement has been renovated. Buyers should inquire about the scope, permits, and the nature of the renovation (e.g., cosmetic updates versus structural changes) to understand its condition and value fully.
3. Is the assessed value a good indicator of the sale price?
Not directly. The city's assessed value for taxation ($46.5k) is typically far below market value. The home last sold for $470,000 in July 2023, which is a more relevant benchmark for current market value.
4. What are the implications of the home's age (built in 1954)?
The age is typical for the area. While the basement has been updated, a home of this vintage may have original components, like plumbing, electrical, or the roof, that require inspection. Its year built is actually newer than many neighbours, ranking in the top 16% for the neighbourhood.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive main-floor living space may find the 1,386 sqft footprint limiting. It may also not fit those wanting an attached garage, especially during Winnipeg winters, given the detached setup. The value here is weighted more toward the land and location than a large or newly built interior.