Property Overview: 889 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home at 889 Ashburn Street in the Minto neighbourhood presents a compelling mix of modern convenience and statistical standout features. Built in 2019, it is a notably newer construction compared to most homes on its street, in Minto, and across Winnipeg, ranking in the top 1-4% for its year built. This translates to less immediate concern for major repairs or updates, offering move-in readiness.
The primary appeal lies in its efficient use of space and its assessed value. With 1,268 sqft of living area, it offers above-average interior space for its immediate area. However, its most striking characteristic is its assessed value of $35,800, which places it in the elite top 2-4% for low property tax assessment on its street and in Minto. It’s important to note this is the city’s assessment for tax purposes, not a market price. This creates a unique value proposition: a modern, reasonably sized home with an exceptionally low property tax burden.
The lot size is smaller than average, which may appeal to buyers seeking lower maintenance outdoor space. This property would suit a first-time homebuyer or a downsizer looking for a modern, low-maintenance home with the long-term financial benefit of a minimized tax base. It’s also a smart consideration for investors focused on cash flow, given the low carrying costs relative to the home's condition.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical sold prices?
The assessed value is set by the city for property tax calculation and often lags behind market values, especially for newer homes. A very low assessment is a significant financial advantage, resulting in lower annual property taxes.
2. What does the smaller land area mean for me?
The lot is compact, which minimizes yard maintenance—a plus for those seeking a lock-and-leave lifestyle. The trade-off is less space for private outdoor activities, expansions, or additions compared to neighbouring properties.
3. As a newer home (2019), what should I still check?
While major systems like roof, furnace, and windows are likely in good shape, it’s still within the builder warranty period. A professional inspection should review for any early settling issues, grading/drainage on the smaller lot, and the quality of finishes that may now be showing several years of wear.
4. How does the sold price history work?
The listed sold price (CA$300k–350k in 2019) is a public data range. For the exact historical sale price, you must request it directly via the provided email service for verification.
5. What is the real advantage of its top rankings for year built and assessed value?
The new build ranking means you benefit from contemporary building codes and materials. The elite assessment ranking is a tangible, long-term financial benefit that directly reduces your cost of ownership year after year, regardless of market fluctuations.