58 Ash Street – Property Summary
Key Characteristics & Buyer Profile
This property stands out primarily for its land and assessed value. The lot is 12,609 sqft—the largest on Ash Street (Top 1%) and well above the street average of 5,719 sqft. The house itself is 3,194 sqft, placing it in the Top 4% on the street and Top 1% citywide for living area. Its assessed value of $1.44M reflects the rarity of the combination: a home that is both spacious and situated on an exceptionally generous lot in a high-demand Winnipeg neighbourhood.
The appeal is not simply size, but comparative exclusivity. On its own street, this property ranks #1 for land and #3 for assessed value. Within the broader Wellington Crescent area, it sits in the Top 10% for value and Top 16% for land area. This suggests a home that feels both private and anchored in an established, above-average neighbourhood. Built in 1960, it is older than much of the city’s housing stock (Top 58% citywide) but newer than the typical home on Ash Street (1944 average), so it avoids being either a heritage-era rebuild or a recent infill.
This property would suit buyers looking for a large, single-family home with significant outdoor space in a central, prestigious area. It is less suited for someone seeking a turnkey modern home or a low-maintenance lot. The land-to-house ratio—nearly four times the lot size of the average home on the street—implies potential for future expansion, landscaping, or simply space that is increasingly rare in this market. The buyer is likely someone who values scarcity and long-term land value over immediate architectural novelty.
Frequently Asked Questions
1. How does this property compare to others on Ash Street specifically?
It is the #1 lot on the street by land area (12,609 sqft vs. a 5,719 average), and #3 by assessed value. The living area is in the top 4%, and the 1960 build year is above average for the street (1944). So it is both larger and newer than the typical Ash Street home.
2. Is the assessed value of $1.44M realistic for this market?
The value ranks Top 1% citywide and Top 10% in the Wellington Crescent neighbourhood. Given that the average assessed value on the street is $505k, this property is in a bracket of its own. Buyers should be aware that assessed value and market value are not identical, but the ranking indicates a clear premium for scale and location.
3. What are the practical implications of a 12,609 sqft lot in this area?
It means more yard maintenance, but also more privacy, space for gardens, outbuildings, or future additions. Many newer infills in the area sit on smaller lots, so this kind of land is increasingly hard to find without buying a teardown.
4. The house was built in 1960—should that be a concern?
It depends on renovation history. The year places it in the top 12% of the neighbourhood (built newer than average for Wellington Crescent), but it is older than most homes citywide. A 1960s home may have original systems or layout, but it also avoids the structural quirks of pre-war housing. A professional inspection is key.
5. Who is the typical buyer for a property like this?
Usually someone who wants a large home in an established central neighbourhood, with the land as a primary asset—not someone looking for a quick flip or a condo alternative. It could also appeal to families who want space for children and outdoor activities without leaving the city core.