Property Overview: 712 Ashburn Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 712 Ashburn Street in the Minto neighbourhood is defined by its modest scale and significant value proposition. Built in 1913, it is a historic property with a compact 756 sqft living area, which is relatively average for its immediate street but notably smaller than homes in the wider Minto area and Winnipeg overall. Its most striking characteristic is its exceptionally low assessed value of $15,800, placing it in the bottom 3-4% of comparable properties locally and citywide. The lot size of 2,563 sqft is manageable and fairly typical for the street.
The primary appeal lies in its potential as an entry point into the market. The very low property tax burden, resulting from the assessment, is a major financial advantage. It suits buyers seeking absolute minimal holding costs, investors looking for a foundational asset with renovation or redevelopment potential (subject to zoning), or those interested in a straightforward, no-frills home in a mature neighbourhood. A less obvious perspective is that a home of this age and assessment could represent a unique opportunity for someone wanting to live minimally while dedicating resources to travel or other life goals, rather than to a large mortgage or high taxes.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
Assessed values are based on a mass appraisal system considering factors like size, age, condition, and recent sales. A value this significantly below area averages often reflects the home's smaller size, older age, and potentially the need for updates or repairs compared to neighbouring houses.
2. What does the sold price history indicate?
Public records show it last sold between 2016 and 2025 for an estimated $100k-$150k. This suggests its market value has historically been significantly higher than its current assessed value for taxation purposes. For the exact sale price, you can request details via the provided email service.
3. Who would this property not be suitable for?
It would likely not suit buyers looking for a move-in ready, spacious family home without any project work. The compact living area and age of the property mean it is better suited to those comfortable with a smaller footprint or potential improvements.
4. Is the land large enough for an addition or new build?
The 2,563 sqft lot is around average for Ashburn Street but below the Minto and city averages. Any expansion or redevelopment would depend entirely on Winnipeg's zoning bylaws, heritage designations (given its age), and building codes. A review of the specific property regulations is essential.
5. How reliable are the "top percentile" rankings provided?
These rankings are a useful tool for quick comparison, showing how this property's metrics stack up against defined groups of "comparable homes." They clearly highlight where this home is atypical (like in value and size), but should be one part of a broader evaluation that includes a physical inspection and review of all municipal records.