Property Overview: 266 Ash Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,566 sqft home, built in 1922, presents a classic North River Heights character property on a standard 4,823 sqft lot. Its core appeal lies in a value-oriented entry point into a desirable, established neighbourhood. The home's living space is above average for Winnipeg overall, offering good interior volume for its assessed value. However, the data reveals a nuanced picture: while the home is sizeable city-wide, its assessed value is notably below average for both Ash Street and North River Heights. This suggests a potential opportunity for a buyer willing to invest in updates, as the property may be priced considering its age and likely need for modernization. The lot size is typical for the area, providing a balanced outdoor space without extensive maintenance demands.
This property would suit a practical buyer looking for character and location over turn-key perfection. It’s ideal for a handy homeowner or an investor who sees value in the neighbourhood's fundamentals and is prepared to tailor the home to their tastes over time. It represents a chance to gain equity through thoughtful improvements in a stable community.
Frequently Asked Questions
1. Why is the assessed value lower than the neighbourhood average?
The home’s 1922 build date makes it older than most in the area, and assessed values often reflect a property's condition, layout, and modernization level. This lower assessment relative to neighbours can indicate an opportunity but also suggests budgeting for potential updates.
2. How does the sold price range from 2023 compare to the current assessed value?
The home sold for an estimated $350k–$400k in April 2023. The current $403k assessment is in line with that recent sale, indicating stable value in the area over the past two years.
3. What should I consider with a home from 1922?
While offering classic charm, a home of this age likely has original systems (like plumbing, wiring, or heating) that may need evaluation or upgrading. A thorough inspection is essential to understand the condition and plan for any necessary investments.
4. Is the living space efficiently laid out?
At 1,566 sqft, the home is spacious for Winnipeg. However, in a century-old home, the floor plan might feel different from a modern open-concept design. Considering how the layout fits your lifestyle is as important as the square footage.
5. How can I get the exact historical sold prices?
The provided sold price is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup via email through the listing site, as this data is not sourced from the MLS.