Property Overview: 984 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established character. Its most striking feature is the generous 1,888 sqft of living area, which ranks in the top 3% for the Minto area and top 2% on its own street, offering significantly more interior space than most comparable homes nearby. This is paired with an exceptionally low assessed value of $37,60k, placing it in the top 1% on Ashburn Street. This combination suggests a property that offers substantial square footage for the dollar, a rare find in the current market.
The appeal lies in this value-for-space proposition, set on a standard city lot. It’s a classic Winnipeg home, built in 1907, meaning it carries historic charm but also implies a need for thoughtful maintenance and potential updates. It would suit practical buyers looking for a large canvas—whether that’s a growing family needing room or an investor/renovator who sees potential in the significant size and valuation disconnect. It’s less suited for those seeking a modern, maintenance-free home or a sprawling yard, as the lot size is average for the area but below the citywide average.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price range of $300k-$350k?
Assessed value for municipal tax purposes often lags behind market value, especially for older homes that may have been improved or are in a rising market. This discrepancy can indicate potential value, but it's essential to have a current market appraisal.
2. What does the 1907 build year mean for maintenance?
While offering classic character, a home of this age will likely have older infrastructure. Buyers should budget for and prioritize inspections of major systems like plumbing, electrical, and the foundation, and consider the efficiency of windows and insulation.
3. The living area is large for the street. Is this an addition or original layout?
The data shows it's notably larger than neighbours. It would be prudent to verify if the square footage includes a legal addition or finished spaces, and whether all areas are permitted and reflected in the official records.
4. How does the below-average citywide lot size affect the property?
The lot is standard for the Minto area but smaller than the Winnipeg average. This means smaller outdoor space but potentially less yard maintenance. It emphasizes that the property’s primary asset is the interior space, not the land.
5. How reliable are the "top percentile" rankings provided?
These rankings are useful for quick comparison against immediate neighbours and the broader area, showing where this property stands out (like in size and assessed value) and where it is typical or older. They are a snapshot based on available civic data, not a substitute for a full market analysis or personal inspection.