Property Overview: 624 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1944, the 648 sqft house is compact, ranking well below average in size for its street, neighborhood, and the wider city. However, it sits on a 5,141 sqft parcel of land that is in the top 4% of lots in the Minto area, offering significant outdoor space—a rarity for the locale. The assessed value is modest and around average for the immediate area, yet well below the Winnipeg city average, suggesting a lower property tax burden.
The primary appeal lies in this land-to-structure ratio. It suits a buyer looking for an affordable entry into the market with a vision for expansion, renovation, or simply valuing ample private outdoor space over interior square footage. It could also appeal to an investor or builder seeing the long-term potential of the sizable lot. The recent sale history indicates steady value appreciation, with the last sale in 2023 within the $200k-$250k range.
Frequently Asked Questions
1. Is the house livable as-is, or is it a redevelopment project?
The data indicates a small, older home on a large lot. It is likely functional but may require updates. Its true potential may be realized through renovation or eventual redevelopment, making a professional inspection essential.
2. Why is the assessed value so much lower than the city average?
The assessment reflects a combination of the home's smaller size, older age, and the neighborhood's overall property values. A lower assessment typically translates to lower annual property taxes, which is a financial positive for the owner.
3. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 96-97% of lots in the Minto neighborhood. On Ashburn Street, only 11 homes have a larger land area out of 387. This is the property's most standout statistical feature.
4. How reliable are the past sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale figures, you must request the exact records via the provided email service, as sale prices are not officially published in Manitoba.
5. Are there any obvious concerns with a house built in the 1940s?
While older homes often feature solid construction, they may also have outdated electrical, plumbing, or insulation. The roof, foundation, and windows should be carefully evaluated for age-related wear. Its above-average age for the street suggests it is one of the younger homes in its immediate block, which is a positive note.