Property Overview: 775 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home at 775 Ashburn Street in the Minto neighbourhood is defined by its compact efficiency and historic charm. Built in 1927, it offers 670 sqft of living space on a 2,199 sqft lot, placing it well below average in size both locally and city-wide. Its assessed value is notably modest at $24,500, which is around the average for its immediate street but significantly below Winnipeg's broader average.
The primary appeal lies in its affordability and low property tax base, presenting a minimal barrier to entry into the Winnipeg market. It suits first-time buyers, investors seeking a rental property with lower carrying costs, or individuals looking to downsize and simplify. A thoughtful perspective is its potential as a "right-sized" home in an established neighbourhood—it avoids the premium for excess space a buyer may not need, while the lot size, though smaller than area averages, still provides outdoor space uncommon in many modern condos. Its recent sale history (2020 and 2022) suggests it is a turnkey property, likely requiring less immediate investment than a true fixer-upper.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold prices?
Assessed value for property tax purposes often lags behind market value. The recent sold price range (between $200k-$250k) is a better reflection of its current market worth.
2. What does the "Top 87%" ranking for living area mean?
It means this home's living area is smaller than 87% of comparable homes on Ashburn Street. It confirms this is a compact property relative to its immediate neighbours.
3. Is this a good investment property?
Given its low assessed value and modest size, it could offer a relatively lower-cost rental investment with correspondingly lower property taxes. Its recent sale activity indicates a stable, in-demand location.
4. What should I consider about a home built in 1927?
While offering character, a home of this age may have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof.
5. How do I find out the exact past sold prices?
The exact sold prices are not publicly displayed. You can request them directly via the "Get exact sold price history" form on the listing page, and the information will be emailed to you.