Property Overview: 611 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home in Winnipeg's Minto neighbourhood, built in 1911. With 788 square feet of living space, it is smaller than most homes on its street and in the wider city, positioning it as a modest, efficient property. Its standout characteristic is its very low assessed value ($18,900), which is significantly below area averages. The lot size is also notably smaller than typical lots in all comparison groups.
The primary appeal lies in its affordability and potential as an entry point into the housing market. It suits buyers with a limited budget seeking ownership, or investors looking for a low-cost rental property. Its smaller size means lower utility costs and less maintenance, which could appeal to downsizers or those seeking a minimalist lifestyle. A thoughtful perspective is that this property represents a specific niche: it’s for a buyer less concerned with comparative metrics and more focused on absolute cost and the practical utility of a compact footprint. Renovation-minded buyers might also see value in the low entry price, allowing room in their budget for updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the average?
The assessed value is based on the property's characteristics, including its smaller lot size, modest living area, and age. It reflects its market position as a more affordable option within its area.
2. What does the "Top X%" ranking mean for each feature?
These rankings show how this property compares to similar homes. For example, a "Top 64%" rank for living area means its size is greater than 64% of comparable homes on Ashburn Street, but it's still below the street's average size.
3. Is the sold price history available?
Exact sold prices are not publicly displayed. The listing indicates a sale occurred between 2017 for an estimated $150k–$200k. You can request the precise historical sale price by emailing the site provider.
4. What should I consider due to the home's age (built 1911)?
As a 115-year-old home, potential buyers should budget for possible updates to older systems like wiring, plumbing, or insulation. A thorough home inspection is highly recommended.
5. How does the small lot size impact the property?
The lot is smaller than most in the city, which means less outdoor maintenance and limited space for expansions like large additions or decks. It may also mean homes are closer together, offering less privacy but potentially fostering a closer-knit street atmosphere.