Property Overview
18 Ashbury Bay is a one-storey bungalow in Winnipeg's Garden City neighbourhood. Built in 1961, it sits on a roughly 6,000 sqft lot and offers 1,063 sqft of living space. The home has a basement (not renovated), no pool, and no garage. Its assessed value is notably below average for the city.
Key Characteristics & Appeal
This property presents a clear value-oriented opportunity. Its primary appeal lies in its price point, which is significantly below the Winnipeg average, and its generous lot size for the area. The home is smaller than most on its street and in Garden City, but it is on a parcel of land that is typical for the neighbourhood. This combination suggests potential—whether for simple, affordable living or as a long-term project. The unrenovated basement offers a blank canvas for future finishing to add living space.
It would best suit a first-time buyer, an investor, or a hands-on homeowner comfortable with a property that may require updates. The below-average price for a full-sized lot in a stable area is the central draw, offering an entry point into homeownership where the land itself is a key asset. A thoughtful perspective is that while the house currently ranks at the bottom of its street for size and value, this also means there is ample room to improve its standing without over-capitalizing for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state, size, and recent local sales. The living area is below average for the home's immediate area, which is a key factor in this valuation.
2. What does "basement, not renovated" typically mean?
This usually indicates the basement is in original or functional condition but not modernized. It likely has finished or semi-finished space that could be livable but may require updates to flooring, lighting, or layout to meet current standards.
3. Is the lack of a garage a major concern in this area?
Many older homes in Garden City were built without garages. While off-street parking may be available via a driveway, buyers should verify this and consider the practicalities of street parking, especially during Winnipeg winters.
4. How reliable are the sold price ranges shown?
The ranges are based on public data, which can sometimes be incomplete or estimated. For precise historical sale prices to inform your offer, you must request the exact data via email from the listing service.
5. The home ranks low on its street—is that a bad sign?
Not necessarily. It indicates the home is likely the smallest or most modest on the block. For the right buyer, this can represent an opportunity to own a property with "below-average" costs but in the same location as larger, higher-value homes, potentially allowing for future value growth through thoughtful upgrades.