Property Overview: 242 Ash Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1927 character home in North River Heights presents a practical opportunity. With 1,222 sqft of living space, it is notably more compact than many neighbouring homes on Ash Street, yet it sits on a solid, near-average 4,823 sqft lot. Its municipal assessed value of $434k positions it as a mid-range option within the immediate area, but it represents a value proposition when viewed citywide, where average assessments are lower.
The primary appeal lies in its location within a desirable, established neighbourhood, coupled with a lot size that offers potential. The home suits buyers looking for an entry point into North River Heights who are comfortable with a property that may require updates or an addition to align with the larger home sizes on the street. It’s also a fit for those seeking a lower-maintenance footprint without sacrificing yard space, or for strategic buyers who see value in the underlying land and the possibility of a future renovation or expansion. A thoughtful perspective is that its "below average" size for the street could translate to relatively lower property taxes and utility costs compared to its neighbours, offering a way to enjoy the area with slightly reduced carrying costs.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,222 sqft, the living area is smaller than the average for both Ash Street and the broader North River Heights neighbourhood. However, it is very close to the average home size across the entire city of Winnipeg.
2. Is the assessed value in line with the neighbourhood?
Yes. The $434k assessment is around the average for both Ash Street and North River Heights. It is above the citywide average, reflecting the premium for the location.
3. What is the significance of the lot size?
The 4,823 sqft lot is a key feature. It is comparable to many lots in the area and provides ample outdoor space, which is less common in newer developments. This offers room for gardens, recreation, or potential future expansion.
4. Are sold price histories available for this property?
Sold price data is not displayed automatically on this listing due to industry regulations. You can request exact historical transaction figures by email via the "Request exact figures" button on the detail page, and the team will provide them manually.
5. The home was built in 1927. What should I consider?
As a home nearing 100 years old, a thorough inspection is essential to understand the condition of core systems like wiring, plumbing, and the foundation. This age is typical for the neighbourhood, and many homes have been successfully updated, but budgeting for potential maintenance or renovations is prudent.