Property Overview
This home at 196 Ash Street in Winnipeg's North River Heights neighborhood presents a classic, grounded opportunity. Built in 1920, it is one of the older homes on its street, offering character and established roots. With 1,459 sqft of living space and a 4,823 sqft lot, its size is comfortably average for both the immediate area and the wider city. The current assessed value of $434k sits below the local street and neighborhood averages, which may indicate a value position relative to its surroundings. The home last sold in early 2016.
Key Characteristics & Appeal
The primary appeal of this property lies in its established neighborhood setting and its position as a potentially more affordable entry into North River Heights. Its living space and lot size are squarely in the mainstream for the area, suitable for a small family or couple. The home’s age (106 years) is a defining characteristic; it will attract buyers who appreciate the charm and solid construction of an older home but are also pragmatic about the maintenance and updates that may be required. It suits a buyer looking for a "blank canvas" home in a desirable location, who is prepared to invest sweat equity or gradual renovations. A less obvious perspective is its value proposition: while its assessed value is below the street average, its previous sale price a decade ago was above average city-wide, suggesting the area has held its appeal. This isn't a flashy, modern property, but a solid, traditional home in a consistent neighborhood.
Frequently Asked Questions
1. What does it mean that the home is "below average" for year built?
This simply indicates it is older than most homes on Ash Street and in North River Heights. The neighborhood has many homes built later in the 20th century, so this 1920-built home is among the oldest in the local comparison group.
2. Is the assessed value a reliable indicator of the likely selling price?
Not necessarily. The assessed value is for municipal tax purposes. The market value is determined by current buyer demand, condition, and recent sales of comparable homes. The fact that it's assessed below the street average could be due to its age, condition, or specific features.
3. How can I find out the exact price it sold for in 2016?
The site provides sold price ranges for non-members. To receive the exact historical sold price, you must request it via email from the site provider, as they manually look up and share this data due to industry regulations.
4. The lot size is noted as "around average" city-wide but ranks in the top 60%. Is that contradictory?
No. "Around average" refers to the physical size (4,823 sqft) being close to the city-wide average lot size. The "top 60%" ranking means the lot is larger than about 60% of lots city-wide, which is consistent—an average-sized lot is, by definition, larger than roughly half of all lots.
5. What are the main considerations with a home of this age?
Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (roof, plumbing, electrical, foundation) common in century-old homes. Budgeting for potential updates and understanding the character of older construction—both its charms and its challenges—is essential.