Property Overview: 705 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home at 705 Ashburn Street in the Minto neighbourhood is a study in practical value within its context. Built in 1911, it's a character property with a compact, efficient layout of 1,040 sq ft. Its primary appeal lies in its relative affordability, as indicated by its assessed value of $200k, which sits below the average for the street, neighbourhood, and city. The living space is actually above average for Ashburn Street itself, suggesting a well-utilized footprint compared to immediate neighbours.
The property suits first-time buyers or investors looking for an entry point into the Winnipeg market with a manageable tax assessment. It also appeals to those who prefer a lower-maintenance, smaller lot (2,199 sq ft) without extensive yard work. A thoughtful perspective is that this home represents a "value-average" proposition: you're acquiring more interior space than many on the block for a below-average price, which could indicate a sensible trade-off for buyers prioritizing home size over land size or newness.
Frequently Asked Questions
1. What does the "below average" assessed value mean for property taxes?
A lower assessed value typically leads to lower municipal property taxes compared to similar-sized homes with higher assessments, which is a tangible financial benefit.
2. Given the age of the home (1911), what should I be concerned about?
Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation, which are common update areas for homes of this era.
3. How does the smaller lot size impact potential for expansion or renovation?
The lot is smaller than most in the area, which may limit possibilities for large additions or detached structures. Any expansion plans would need to carefully adhere to zoning bylaws and setback requirements.
4. The home last sold between 2020-2025. Can I find out the exact price?
The exact sold price is not publicly listed. You can request it directly via the provided email service on the listing page for precise historical data.
5. Is the living space adequate for a small family?
At 1,040 sq ft, the living area is competitive locally. It could suit a small family, but the layout and room sizes revealed during a viewing will be more important than the square footage alone in determining comfort.