Property Overview
727 Ashburn Street is a 1,130 sqft home in Winnipeg's Minto neighbourhood, built in 1912 on a 2,199 sqft lot. Its most recent recorded sale was between $200k-$250k in 2023.
Key Characteristics & Appeal
This home presents a specific value proposition centered on space efficiency and location. Its primary appeal lies in its above-average living area for its immediate street and neighbourhood, offering more interior space (1,130 sqft) than many nearby comparables. This makes it a practical choice for small families, first-time buyers, or investors seeking a character home with functional square footage without a premium price tag.
The property suits buyers with a clear focus on the interior living space over outdoor land area, as the lot is notably smaller than most in the city. Its assessed value sits in the middle range for the local area, suggesting it is priced accessibly within its market context. A thoughtful perspective for the right buyer is that a smaller, well-utilized lot can mean lower maintenance costs and less upkeep time. The home’s age (114 years) indicates classic character but also implies that a thorough inspection for updates and foundational upkeep is essential. It is best suited for a pragmatic buyer who values space inside the home and is prepared for the realities and potential charm of an older property.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
The home offers more living area than many on its street, ranking in the top 27% locally with 1,130 sqft, compared to a street average of about 958 sqft.
2. Is the lot size a significant drawback?
The land area is compact at 2,199 sqft, which is below average for the neighbourhood and significantly smaller than the Winnipeg citywide average. This limits expansive outdoor space but can reduce maintenance.
3. What does the assessed value indicate about the price?
With an assessed value near the neighbourhood average, it suggests the home is not an outlier for the area. However, market conditions and the home's specific condition will ultimately determine the sale price.
4. Are there concerns with the home being built in 1912?
The age means potential for classic architectural details but also necessitates careful attention to the condition of major systems like wiring, plumbing, and the foundation. A pre-purchase inspection is highly advised.
5. How can I find out the exact past sale prices?
The listed sale prices are ranges from public data. You can request the exact historical sold prices by emailing the listing service, which provides the figures manually without marketing spam.