Property Overview
764 Ash Street is a well-situated one-storey home in Winnipeg's Central River Heights neighbourhood. Built in 1954, it sits on a notably large lot of 6,685 sq ft, which places it in the top 11% for land size on its street. The home features a renovated basement and a detached garage. With a living area of 1,337 sq ft, the interior space is average for the area, suggesting the property's primary asset is its generous outdoor space. Its last sale was in July 2019 for $369,000.
Key Characteristics & Appeal
The defining characteristic of this property is its expansive lot, which is significantly larger than most in Central River Heights. This offers substantial potential for gardening, expansion, or simply enjoying private outdoor space—a rarity in mature neighbourhoods. The renovated basement adds functional living area, and the detached garage provides flexibility. The home’s appeal lies in this balance: it’s a manageable, single-level dwelling on a lot that feels more substantial than the norm. It would suit buyers who prioritize land over square footage, such as young families seeking room for children to play, downsizers who want a manageable home with a spacious garden, or long-term investors who recognize the inherent value and redevelopment potential of a large lot in a desirable, established area.
Frequently Asked Questions
1. Is the large lot size typical for the area?
No, it is a standout feature. The lot is in the top 11% on Ash Street and the top 8% within Central River Heights, making it a premium-sized parcel for the neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, layout, and whether it includes a legal secondary suite or additional living space.
3. How does the 2019 sale price relate to current value?
The $369,000 sale price from 2019 is a historical data point. Current value would be influenced by market conditions, any updates made since then, and the property's assessed value, which is listed at $476,000.
4. Who might this property not suit?
Buyers seeking a modern, move-in-ready home with a large interior footprint may find the average-sized, 1954-era living area less appealing. The value here is weighted toward the land rather than the structure.
5. Are there any concerns with a home built in 1954?
While the year built is above average for the street, a home of this age will likely have older core components, such as plumbing, electrical, and the roof. The renovated basement is a positive, but a thorough inspection is crucial to understand the condition of the original structure and systems.