Property Overview
This home at 961 Ashburn Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its modern build and unique valuation. Built in 2015, it is a notably newer construction compared to most homes on its street and in the wider area. With 916 sqft of living space, it offers a manageable footprint that is quite typical for its immediate vicinity. The lot size of 2,199 sqft is modest, especially when viewed against city-wide averages. The most striking characteristic is its assessed value of $35,700, which ranks in the elite top 3-4% for the street and neighbourhood—significantly lower than the average home in those areas.
Its appeal lies in this combination of a contemporary, low-maintenance home with an unusually low property tax assessment. This creates an opportunity for cost-effective homeownership in a mature area. It would suit practical, budget-conscious buyers such as first-time homeowners, small families, or investors looking for a modern property with below-average carrying costs. The smaller lot may also appeal to those seeking less outdoor upkeep.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's characteristics and market valuations for tax purposes. As a newer, more compact home on a smaller lot compared to older, larger houses in the area, its valuation is calculated differently, resulting in a significantly lower figure.
2. What does the sold price history indicate?
Public records show it last sold between $300,000 and $350,000 in 2016. This suggests the market price is substantially higher than the current assessed value, which is used for calculating property taxes, not determining market value.
3. Is the smaller lot size a concern?
The lot is below average for the area and city. This means less yard space for gardening or recreation, but also less maintenance. It’s a trade-off that prioritizes the home itself over land, which may be preferable for some lifestyles.
4. How does its modern build (2015) compare to the neighbourhood?
It’s an outlier in a positive sense. Most homes on Ashburn Street and in Minto were built decades earlier, averaging from the early 1930s. This means potentially fewer immediate repair issues and more modern building standards.
5. Who should be most interested in this property?
Buyers who prioritize a newer home with predictable maintenance and want to minimize their property tax burden. The data suggests it offers a way to live in a well-established neighbourhood without the typical tax bill or the renovation needs of an older character home.