Property Overview
This home at 588 Ashburn Street in Winnipeg's Minto neighbourhood presents a distinct blend of space, value, and heritage. Its appeal is rooted in offering significantly more house and land than most local comparables, creating a unique opportunity within its immediate area.
Key Characteristics & Appeal
The standout feature is the generous scale of both the home and its lot. With 1,937 sqft of living space, it ranks in the top 1-2% of homes on Ashburn Street and in Minto, offering nearly double the average area of nearby houses. This is complemented by a large 5,147 sqft lot, which also places it in the elite top 3% for land size in the local area. For buyers seeking ample indoor and outdoor space in a mature neighbourhood, this is a rare find.
The assessed value of $310k sits above the local average, reflecting this substantial size, yet remains around the city-wide median. This suggests the value proposition is strongest when viewed in a hyper-local context—you are acquiring a much larger property without a proportionally sky-high price tag. The home's age (built 1913) means it is one of the older homes in the city, appealing to those who appreciate character and heritage, though it implies a need for diligence regarding updates and maintenance.
This property would best suit a buyer who prioritizes space over newness—a growing family, someone who values a large garden, or an owner looking for a home with renovation potential where the core structure and lot size are exceptional assets. It’s for those who see the value in a home that stands out significantly from its immediate neighbours in terms of square footage and land.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the $310k assessment is above the local average, it is influenced heavily by the home's large size. Market conditions and the home's specific condition will ultimately determine the sale price. The last known sale was between $250k-$300k in 2018.
2. What are the implications of the home being built in 1913?
This age means the home has character and likely solid construction, but prospective buyers should budget for potential updates to systems like wiring, plumbing, and insulation. A thorough inspection is essential.
3. The lot is large for the area. What are the advantages?
The 5,147 sqft lot (top 3% in Minto) offers exceptional outdoor space for gardens, play, or entertaining. It also provides more privacy and potential for additions, which is uncommon on this street.
4. How does this home compare to an average city-wide property?
While its living space is above the city average, its lot size is near the median, and its assessed value is around the middle range. Its true premium is local: it offers significantly more space than almost any other home in its immediate neighbourhood.
5. How can I find out the exact historical sale prices?
The provider offers a manual service to share exact sold price history. You can submit your email request, and they aim to reply by the end of the same day, without using your information for marketing spam.