Property Overview
This two-storey home on Ash Street in Central River Heights presents a solid, grounded opportunity in a desirable neighbourhood. Built in 1954, it sits on a generous 5,544 sqft lot that is above average for the area. The home itself offers 1,400 sqft of living space and features a renovated basement and a detached garage. Its appeal lies in its established location, the value of its sizable lot, and the practicality of already-completed updates like the basement. It’s a property that balances character with functionality.
This home would suit a buyer looking for a manageable-sized house in a prime neighbourhood without a massive footprint. It’s ideal for small families, professionals, or downsizers who value outdoor space and a quiet street over a brand-new build. The above-average assessed value compared to neighbours suggests the property is well-regarded, likely appealing to someone seeking a sound investment in a stable community. A thoughtful perspective is that while the living area is modest, the large lot offers valuable future potential for expansion or landscaping, something not always available in central neighbourhoods.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 5,544 sqft is in the top 35% for Ash Street itself and is larger than the average lot in Central River Heights, offering more outdoor space than many nearby properties.
2. Is the home older or newer than most in the neighbourhood?
Built in 1954, it is notably older than many homes on its street and in Central River Heights, ranking in the top 16-24% for year built in those groups. This indicates it’s one of the more established, character homes in the area.
3. What does the "above average" assessed value indicate?
The assessed value ranks in the top 9-18% for the street and neighbourhood, suggesting the official valuation is higher than most comparable homes. This often reflects the desirable lot size, renovations, and overall condition.
4. Is the living space considered large for the area?
At 1,400 sqft, the living area is very close to the city-wide average but is slightly smaller than the average for Ash Street specifically. It offers a comfortable footprint that is typical for the wider Winnipeg market.
5. When was it last sold and for how much?
The property was last sold in June 2019 for $49,200. This historical price point is significantly below its current assessed value, which may indicate substantial improvements or market changes since that time.