Property Overview: 768 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home at 768 Ashburn Street in the Minto neighbourhood presents a practical and historically grounded opportunity. Built in 1913, it is a character property with a living area of 1,080 sqft situated on a 2,558 sqft lot. The data reveals a home that is competitively sized for its immediate area, ranking in the top 32% for living space on its own street. Its assessed value is modest compared to the wider city, placing it in the top 83% citywide (meaning it is less expensive than 83% of comparable properties), which suggests a lower property tax burden and an accessible entry point into the market.
The appeal lies in its position as a relatively larger home on its block for a below-average city price, offering value within its established community. It suits first-time buyers or investors looking for a character home with a manageable footprint and cost basis. A thoughtful perspective is that its 1913 vintage, while requiring due diligence for maintenance, offers a tangible connection to Winnipeg’s architectural history that newer homes cannot replicate. The recent sale history shows steady appreciation, indicating a stable investment in a mature neighbourhood.
Frequently Asked Questions
1. How does the age of the home (1913) affect its value and maintenance?
While its assessed value is comparatively low, which can mean lower property taxes, a home from 1913 will likely require a careful inspection for foundational integrity, wiring, plumbing, and insulation. The value is in the character and location, but budgeting for updates should be expected.
2. Is the living space adequate for a small family?
At 1,080 sqft, it ranks above average for the street and is comparable to the Minto area average. It is a efficient size for a small family or couple, typical of the neighbourhood’s housing stock, but may feel compact compared to newer suburban builds.
3. What does the sold price history indicate?
The home sold between $300k-$350k in 2021 and $200k-$250k in 2019. This indicates significant appreciation over that period, suggesting a strong demand for the area or specific improvements made to the property.
4. How does the lot size compare, and what are the implications?
The 2,558 sqft lot is slightly below the average for both the street and the Minto area. This means outdoor space may be limited but is likely proportionate to the home's era and urban location, resulting in lower maintenance.
5. Why is the assessed value so much lower than the city-wide average?
The assessed value of approximately $24,900 is for taxation purposes and is not the market value. This figure is heavily influenced by the home's age, size, and the lower average values in its immediate area compared to the entire city, leading to a potentially favourable tax situation.