595 Ashburn Street

Property Overview: 595 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a practical, early-20th century property in the Minto neighbourhood, built in 1907. With 964 square feet of living space, it offers a manageable size that is quite typical for its immediate street and area, making it a straightforward, no-frills option. Its assessed value is proportionally modest, sitting around the average for Minto, which suggests a relatively affordable entry point into the Winnipeg market.

The appeal here is largely grounded in value and location. It suits first-time buyers or investors looking for a lower-cost foothold in the city without the premium of a newer home or a large lot. The property’s smaller land size (2,196 sqft) is a notable characteristic; while it means less yard maintenance, it also indicates very limited potential for expansion or large outdoor projects. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—it’s a historic piece of the community fabric, but it requires a buyer comfortable with the realities and potential upkeep of a 119-year-old structure. It’s not for those seeking modern size or amenities, but rather for pragmatic buyers who prioritize function and location over grandeur.

Section 2: Frequently Asked Questions

1. How does the property’s age affect potential renovations?
As a home built in 1907, any significant renovations will likely need to account for older construction methods, materials, and potential updates to electrical, plumbing, or insulation to meet modern standards. This can influence both project timelines and budgets.

2. Is the assessed value the same as the market selling price?
No. The assessed value (listed as $23,500) is for municipal tax purposes. The market price is determined by recent sales, condition, and demand. Historical sold price data suggests a market value significantly higher than the assessed figure.

3. What are the implications of the smaller lot size?
The 2,196 sqft lot is below average for the area. This typically means a smaller backyard and less private outdoor space. It could also limit options for additions like a garage or large deck, but it also translates to less yard work.

4. The sold price history shows a jump between 2016 and 2021. What does this indicate?
The increase in sold price range over that period reflects broader market appreciation. It suggests the property has kept pace with area trends, but a buyer should investigate current market conditions and the home's specific state since its last sale.

5. How does this home compare to others in Winnipeg?
City-wide, this home is below average in living space, lot size, and assessed value. This clearly positions it as a more compact, affordable option compared to the Winnipeg average, which is often skewed by newer suburban homes on larger lots.