861 Ashburn Street

Property Overview: 861 Ashburn Street, Winnipeg

Key Characteristics & Appeal

This 832 sqft home, built in 1944, sits on a standard 3,078 sqft lot in the Minto neighbourhood. Its primary appeal lies in its strong value proposition within its immediate context. While the living space is modest compared to the citywide average, the property stands out for its assessed value, which ranks in the top 9% on its own street and the top 15% in the Minto area. This suggests it is viewed as a solid asset relative to its local peers. The home last sold between $200k-$250k in 2017.

The property suits practical, value-conscious buyers. It would appeal to a first-time homeowner looking for an entry point into a mature neighbourhood, or an investor seeking a property with a strong assessment foundation. Its smaller size and older vintage mean it’s less suited for those needing ample, modern space, but ideal for someone prioritizing lot location and relative value over square footage. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a classic, post-war property whose value is deeply tied to its specific street and community, rather than city-wide trends.

Frequently Asked Questions

1. What does the high assessed value ranking locally actually mean?
It indicates that, for property tax purposes, this home is assessed more highly than most comparable homes on its street and in Minto. This often reflects desirable lot attributes, location within the area, or improvements. It’s a sign of perceived stability in its micro-market.

2. Is the smaller living area a concern?
At 832 sqft, the home is compact. It ranks around average for the street and area, meaning many neighbouring homes are similar in size. It’s a typical footprint for its era, suitable for a smaller household or someone comfortable with efficient living spaces.

3. How significant is the home's age (1944)?
Built 82 years ago, the home is newer than many on its street. This suggests the immediate area has older housing stock, and this property might have updates or construction advantages over its direct neighbours. However, buyers should still budget for maintenance common to homes of this vintage.

4. Can I find out the exact historical sale price?
The provided sale history shows a range. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.

5. How does the lot size compare?
The lot is just over 3,000 sqft, which is very typical for the street and the Minto area. It offers standard outdoor space for the neighbourhood but is below the much larger city-wide average, highlighting the denser, established character of the community.