Property Overview: 646 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home is defined by a compelling contrast. Built in 1927, it offers a modest 990 sqft of living space, which is fairly typical for the Minto neighborhood and Ashburn Street. Its assessed value also aligns with local averages. The standout feature is the lot: at over 5,100 sqft, the land area is in the top 5% for the immediate area, offering a generous outdoor space that is rare for the locale.
The appeal lies in this potential. The home itself presents a straightforward, no-frills footprint, but the large lot opens possibilities for expansion, gardening, or simply enjoying more private outdoor room than most city lots allow. It would suit a practical buyer who values space over sheer interior size—perhaps a first-time homeowner looking for a starter with "land bank" potential, a hobbyist gardener, or someone willing to invest in renovations or an addition over time. It’s a property where the value is more in what you can do with it than in its current finished state.
Frequently Asked Questions
1. Is the large lot a benefit for future expansion?
Yes. The lot size is significantly larger than most in the neighborhood, which is a major asset. This could provide flexibility for a future addition, garage, or detached structure, subject to local zoning and permit approvals.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. The last known sale was between $200k-$250k in 2021. A current market evaluation is essential, as prices are influenced by factors beyond the assessment.
3. What should I consider with a home built in 1927?
While the structure has proven its durability, a pre-purchase inspection is crucial. Focus on the condition of major systems (plumbing, electrical, roof, foundation) common to homes of this era. Budgeting for updates or maintenance should be part of your planning.
4. The living area is below the city average. Does that mean it's small?
At 990 sqft, it is smaller than the Winnipeg average, but it is actually slightly above the average for Ashburn Street and very close to the average for the Minto neighborhood. It represents a typical, efficient size for the immediate area.
5. How can I get the exact historical sale prices?
The provided sale price ranges are based on public data. To obtain the exact sale prices, you can request them via email through the listing service. They provide this detail manually and typically respond by the end of the same business day.