Property Overview: 787 Ashburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 787 Ashburn Street in the Minto neighbourhood is a practical, century-old property (built in 1924) that presents a clear value-oriented opportunity. Its key appeal lies in its position as an affordable entry point into the Winnipeg market. With a living area of 808 sq ft, the home is compact yet functional, offering a manageable space that is actually closer to the average size for its specific street than for the wider city. The lot, at 2,199 sq ft, is modest, which translates to lower maintenance—a notable consideration for those seeking a simpler yard.
The most defining characteristic is its assessed value of $19,900, which is significantly below averages for the street, neighbourhood, and city. This suggests a property that may require updates or investment, positioning it ideally for first-time buyers, practical renovators, or investors looking for a lower-cost holding. Its sale history shows steady appreciation, last selling in the $200k-$250k range in 2021. The home suits buyers who prioritize financial accessibility over turn-key condition and who see potential in a well-located, character property. A thoughtful perspective is that its smaller scale and lower tax assessment could mean greater long-term affordability and less financial strain than a larger, newer home, allowing resources to be directed toward customization.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
Municipal assessed value for tax purposes often lags behind market value and is based on a specific valuation model. The dramatic difference here suggests the property is assessed as a basic structure, and the market price reflects the underlying land value and potential.
2. What does the "below average" ranking for lot size mean for me?
While the lot is smaller than many, this isn't all downside. It means less yard work, lower exterior maintenance costs, and often a more efficient use of space. It's a trade-off that aligns with a low-maintenance lifestyle.
3. As a 100-year-old home, what should I be most concerned about?
While charm is a benefit, key focus areas for a home of this age include the condition of the foundation, roof, plumbing, electrical systems, and insulation. A thorough inspection is essential to understand the scope of any needed updates.
4. The home sold in 2019 and again in 2021. Is that a red flag?
Not necessarily. Frequent sales can occur for many personal reasons (job relocation, changing needs). The consistent increase in sale price over that period indicates the property has held its market value.
5. How can I find out the exact past sale prices?
The provided ranges are based on public data. As noted on the listing, you can request the exact historical sold prices by emailing the site directly; they provide this detail manually without using your email for marketing.