Property Overview
821 Ashburn Street is a 1,220 sqft home in Winnipeg's Minto neighbourhood, built in 1913 on a 2,199 sqft lot. Its assessed value is $21,400.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient use of space. While the lot size is modest compared to local and city-wide averages, the living area is notably generous for its immediate area, ranking in the top 17% on its street. This suggests a well-proportioned home that offers more interior space than many neighbouring properties, a potential advantage for those prioritizing living area over yard size.
Its assessed value is significantly below city-wide averages, indicating a potentially accessible entry point into the Winnipeg market. This combination—above-average interior space for the locale at a below-average city valuation—creates a specific value proposition. The home would suit a pragmatic first-time buyer or an investor looking for a character home (pre-1914) who values interior square footage and is comfortable with a smaller lot and the maintenance considerations of an older property. It’s a home that offers space where you spend your time (indoors) rather than outside.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed values are based on market area, property characteristics, and sales of comparable homes. This valuation reflects the local market in Minto and the home’s specific attributes, such as its age and lot size, making it fundamentally more affordable than the typical Winnipeg home.
2. What does the "Top 17%" ranking for living area mean?
This means the home's interior square footage is greater than 83% of the 387 comparable properties on Ashburn Street. Simply put, you get more indoor space than most homes on this block.
3. Are there any known sold prices for this property?
The public listing shows no sales history. However, you can request the exact sold price history by email from the listing service, which they provide manually.
4. What are the implications of a home built in 1913?
A home of this age offers classic character but requires diligent attention to maintenance. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation to understand any needed updates or investments.
5. The lot is smaller than average. What are the trade-offs?
A smaller lot means less exterior maintenance and lower landscaping costs, which can be a benefit for those seeking a simpler yard. The trade-off is limited private outdoor space and less potential for expansions like large additions or detached garages, which should align with your lifestyle needs.