94 Ashworth Street

Property Overview: 94 Ashworth Street, Meadowood

Key Characteristics & Appeal

This 960 sqft bungalow, built in 1973, presents a practical opportunity in Winnipeg's Meadowood neighbourhood. Its core appeal lies in being a modest, entry-level home. The living space is reasonably sized for the immediate area, ranking around the average for Meadowood, making it a comfortable fit for a small household or first-time buyer. The lot, at 3,531 sqft, is manageable and requires less upkeep than larger properties.

A key, less obvious perspective is its financial positioning. The home's assessed value is notably below average for its street and neighbourhood. This could indicate a lower property tax burden and may represent a value proposition for a buyer willing to invest in updates, as it likely prices in the home's age and condition. It last sold in the $300k-$350k range in 2023, suggesting a relatively accessible price point.

This property would best suit a first-time homebuyer, a downsizer looking for a low-maintenance footprint, or an investor seeking a straightforward rental property. It's for those who prioritize location and fundamentals over modern finishes or ample space, seeing potential in a solid, no-frills home.

Frequently Asked Questions

1. Is the assessed value accurate, and why is it so much lower than the apparent sale price?
Assessed values for tax purposes often lag behind market sale prices and are calculated using different formulas. The lower assessment likely reflects its value for tax calculation purposes, not its current market value, which is better indicated by its 2023 sale price.

2. What does the home's age (1973) mean for a buyer?
Homes from this era may have original components, like windows, roofing, or major systems, nearing the end of their lifespan. A thorough inspection is crucial. On the positive side, the floor plans are often straightforward and functional.

3. How does the lot size compare, and what does it allow?
At 3,531 sqft, the lot is smaller than many in the city and even the neighbourhood. This means lower yard maintenance but may limit expansion possibilities like a large addition or pool. It's adequate for a patio, garden, and parking.

4. The data shows it's "below average" in many rankings. Is this a bad thing?
Not necessarily. These rankings show how it compares to other homes. Being below average in value and size is what makes it a more affordable, entry-level option. It performs adequately for living area within Meadowood itself.

5. Can I get the exact historical sale price?
The precise sale prices are not published publicly. The listing service offers to provide the exact sold price history manually via email upon request, at no cost and without marketing spam.