145 Ashcroft Point

Here is a clean, standalone summary of the property at 145 Ashcroft Point, written in two sections.

Key Characteristics & Buyer Profile

This property is defined by its exceptionally large lot. At 27,543 square feet, the land ranks in the top 1% within its Woodhaven neighbourhood and across the entire city of Winnipeg. The house itself is newer (built in 2022), while the surrounding area averages homes from the mid-20th century. This creates an uncommon combination: a modern structure set on a piece of land that offers rare space and privacy within the city.

The appeal lies in the land itself, not necessarily in the assessed value of the home. The property’s assessed value of $366k is notably below the street average of $755k, which suggests the house is modest relative to the lot. This is a key detail—buyers are paying for the potential of the property, not a luxury finish.

This would suit a buyer who values outdoor space, privacy, and the ability to expand, landscape, or build a compound. It is less suited for someone looking for a turn-key luxury home or a property that already reflects its top-tier location in its price. The buyer here is likely someone with a vision—someone who sees the land as the primary asset and is willing to invest in the structure over time.

Frequently Asked Questions

1. Why is the assessed value so much lower than the street average?
The street average ($755k) is skewed by a very small sample size (only one other comparable home). The property’s assessed value of $366k is around the neighbourhood and city average, suggesting the home itself is modest in size and finish. The value is in the land, which is not fully reflected in the current assessment.

2. Is the home itself small?
The living area is listed at 2,643 square feet, which is actually larger than the neighbourhood average (1,505 sq ft) and the city average (1,342 sq ft). While not a mansion, it is a spacious home. The perception of smallness likely comes from the contrast with the very large lot.

3. What does "Top 1% for lot size" actually mean for the neighbourhood?
It means that out of 345 comparable homes in Woodhaven, this property has a larger lot than 99% of them. It is ranked #5. This is an elite position. The average lot in the neighbourhood is 9,926 sq ft, while this one is nearly three times that size.

4. How old is the house, and is that a concern?
The house was built in 2022, making it brand-new. This is a significant advantage in a neighbourhood where the average home was built in 1953. A newer build means modern construction standards, better energy efficiency, and less immediate maintenance or renovation needed.

5. What is the biggest risk with this property?
The biggest risk is that the assessed value may not align with the asking price. If the seller is pricing based on the land’s rarity, the home itself may not support that value. A buyer should get a separate appraisal and be prepared for the possibility that the home’s current structure does not match the premium demanded by the lot size.