Property Overview: 667 Ashburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Ashburn Street in the Minto neighbourhood presents a distinct profile centered on value and location. Built in 1911, it is a historic property with a 1,052 sqft living area that is notably spacious compared to other homes on its street. Its primary appeal lies in its efficient use of space and its strong standing within its immediate area. The assessed value is above average for Ashburn Street, yet it remains positioned below broader city averages, suggesting a more accessible entry point into a established community.
The property would suit pragmatic first-time buyers or investors looking for a character home without the premium of a larger lot, as the land area is compact. Its appeal is for those who prioritize interior space and neighbourhood value over a large yard or a newer build. A thoughtful perspective is that this home represents a "middle ground" in the market—it offers more room than many nearby houses but on a modest lot, potentially lowering maintenance while providing good interior functionality. It's a practical choice for someone focused on the essentials of a home within a specific community, rather than chasing city-wide averages.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and potential?
Built in 1911, the home is older than most in the city. This can mean character and established neighbourhood charm, but buyers should budget for potential updates and ensure a thorough inspection of foundational and mechanical systems common to homes of this era.
2. The assessed value seems low compared to the city average. Why?
The assessed value is used for municipal tax purposes and is influenced by many factors, including lot size and home age. Here, the compact lot and older build likely keep the assessment lower than the city-wide average, which can be an advantage for annual property taxes.
3. What does the sold price history from 2021 indicate?
The prior sale in the $250k-$300k range suggests the home has been part of the active market recently. This provides a tangible, modern benchmark for value, distinct from the older assessed value figure.
4. The living space is larger than average for the street. What does this mean?
This indicates the home may have been extended or simply built with a more efficient footprint than its neighbours. It’s a key feature, offering more usable indoor space than many comparable properties on Ashburn Street.
5. Who would this property not suit?
It may not suit buyers seeking a large outdoor space for gardening or recreation, as the lot is smaller than most. It also may not fit those looking for a move-in-ready new build, as a 115-year-old home typically requires a hands-on approach to maintenance and modernization.