Property Overview & Appeal
This home at 778 Ashburn Street in Winnipeg's Minto neighbourhood presents a classic, no-frills opportunity. Built in 1911, its 960 sqft living space and 2,557 sqft lot are modest but functional, fitting comfortably within the scale of its immediate street. The appeal here is grounded in practicality and potential. With an assessed value significantly below the city average, it represents an accessible entry point into the market. Its recent sale history (2023, in the $250k-$300k range) suggests it's a turnover property, possibly appealing to investors or buyers willing to put in work. This home would suit a first-time buyer comfortable with an older character home, a hands-on investor looking for a rental property, or a downsizer seeking a manageable footprint without a premium price tag. A less obvious perspective is that its smaller lot and older age, while often seen as drawbacks, translate to lower property taxes and a established, mature streetscape that won't see drastic redevelopment.
Frequently Asked Questions
1. What does the assessed value tell me about the listing price?
The assessed value is for municipal tax purposes and is often lower than market value. The 2023 sale price gives a more current benchmark, but the final listing price will be set by the current market and the seller's strategy.
2. Is a house from 1911 a major concern?
It necessitates a thorough inspection. While it offers character, you should budget for potential updates to older mechanical systems, insulation, and windows. Its longevity also means it was built with durable materials, but maintenance is key.
3. How does the lot size impact living here?
At just over 2,500 sqft, the yard is compact and low-maintenance—a benefit for those not wanting extensive outdoor upkeep. However, it allows less room for expansions, large decks, or gardening compared to larger city lots.
4. The home seems small compared to the city average. Is it cramped?
At 960 sqft, it's efficient. This is typical for its era and neighbourhood. It suits individuals, couples, or small families who prioritize a simpler layout and lower utility costs over spaciousness.
5. Why is the "exact sold price" only available by email?
The provider uses this manual step to verify genuine interest and build their contact list, promising not to use the information for spam. It's a trade-off for accessing precise historical data not fully published elsewhere.