Property Overview: 710 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home on Ashburn Street in the Minto neighbourhood presents a distinct value profile rooted in its above-average interior space and below-average assessed value. Built in 1912, it is a character home with a generous 1,332 sqft of living area, which ranks it within the top 17% of homes in the local area for size. This suggests a property that offers more room than typical for the zone, potentially featuring layouts and proportions less common in newer builds. Its assessed value is notably low compared to the Winnipeg city-wide average, creating an interesting value proposition where you get more square footage per dollar than in most of the city.
The appeal lies in this balance of space and affordability within a mature neighbourhood. It suits practical buyers looking for room to grow without a premium price tag, or those who appreciate the potential of an older home. A less obvious perspective is that its low city-wide assessment ranking, while often viewed negatively, can indicate a stable and predictable property tax burden. The sales history shows a significant price increase between 2020 and 2021, suggesting the area may be in a state of transition or rediscovery. This property would likely suit a value-conscious buyer, a handy homeowner comfortable with the maintenance of an older house, or an investor looking at the long-term potential of a centrally located, spacious lot.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including age, neighbourhood averages, and recent area sales. A lower assessment compared to the city-wide average often correlates with a lower annual property tax bill.
2. What does the 1912 build date mean for maintenance?
As a 114-year-old home, it likely has character but requires a diligent inspection. Key focus areas should include the foundation, roof, wiring, plumbing, and insulation to understand upcoming maintenance or upgrade costs.
3. The living area is large for the area, but the lot is smaller than average. What does this mean?
This indicates the house occupies a significant portion of the 2,564 sqft lot. It offers ample indoor living space but may have limited yard space compared to some neighbours. The trade-off is more house and less garden.
4. The sold price jumped significantly between 2020 and 2021. What happened?
This sharp increase likely reflects the strong market surge seen across Winnipeg during that period. It’s advisable to research recent sales on the street to understand the current price stability and market trends in Minto.
5. How does this home compare to others on Ashburn Street?
The data shows this home is above average on its own street for both living area (top 8%) and assessed value (top 16%). This means it offers more interior space than most on the block while still maintaining an assessed value that is moderately above the street's average, reinforcing its space-for-value position in the immediate locale.