Property Overview
842 Ashburn Street is a compact, 600 sqft home built in 1953 on a 2,552 sqft lot in Winnipeg's Minto neighbourhood. Its most defining feature is its modest size, placing it among the smallest homes in the area, city, and wider Winnipeg market. This creates a unique value proposition centered on affordability and efficiency. The home last sold between $150k-$200k in 2017 and currently carries a municipal assessed value of $22,500.
Key Characteristics & Appeal
The primary appeal of this property is its position as an accessible entry point into the housing market. With a living area significantly below local averages, it suits buyers with minimal space needs, such as a first-time buyer, an investor, or someone looking to downsize. The assessed value is notably low, which suggests potentially lower property taxes—a key, less obvious advantage for cost-conscious owners.
A thoughtful perspective is its relative newness for the street; built in 1953, it's younger than most homes on Ashburn Street and in Minto. This could imply updates over the years or a different construction era than its immediate neighbours. However, the small interior and lot size mean outdoor space and room for growth are limited. It would best suit a pragmatic buyer who prioritizes financial efficiency and a simple footprint over space, viewing it as a strategic asset rather than a forever home.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
At 600 sqft, this home is significantly more compact than most in Winnipeg. This is its defining characteristic, indicating a likely one-bedroom or efficient two-bedroom layout suited for a single person or couple.
2. How can the assessed value be so different from the last sold price?
Municipal assessed value ($22,500) is for tax purposes and often doesn't reflect market value. The 2017 sale price ($150k-$200k) is a better indicator of its actual market value at that time.
3. What does it mean that the home is "newer" for the area?
Built in 1953, this home is above average in age for its specific street and neighbourhood, where many homes date to the 1930s. This doesn't guarantee updates, but it may differ in style or foundation from older houses nearby.
4. Who would this property suit best?
It's ideal for a first-time buyer or investor seeking an affordable entry into the market, or someone downsizing. It suits those comfortable with a small, efficient layout and lower ongoing tax costs.
5. How can I find out the exact past sale price?
The provider offers a manual service to share the precise historical sale data. You can submit your email via the "Get exact sold price history" button on the listing page for a direct response.