815 Ashburn Street

Property Overview & Appeal

This property at 815 Ashburn Street in Winnipeg's Minto neighbourhood presents a unique opportunity centred on land value and potential. Its key characteristic is a very large lot of 3,298 sq ft, which ranks in the top 16% for size across Winnipeg, offering rare space for expansion, gardening, or outdoor living in the city. The appeal lies squarely in its value as a blank canvas—a chance to build new or significantly renovate to one's own specifications on a substantial parcel. The assessed value is notably low, reflecting the current state of the improvements.

It would best suit a specific type of buyer: those with vision, a renovation or building budget, and a focus on long-term equity growth rather than immediate move-in readiness. It's a strategic purchase for an investor-builder, a homeowner planning a custom project, or someone seeking a land value play in a central location. A less obvious perspective is that such a property can offer freedom from the compromises of existing layouts, but requires diligence regarding the costs and regulations associated with development or major rehab.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state as evaluated by the city. The significant difference suggests the existing structure may be minimal, in need of major repair, or not reflective of the land's full development potential.

2. What can I actually build on a lot of this size?
While the lot is generously sized, specific buildable area, setbacks, zoning bylaws, and any heritage considerations will determine what is possible. A crucial first step would be reviewing the zoning with the city and potentially consulting with a designer or architect.

3. Is this a teardown property?
The data suggests that may be a strong possibility or that a major renovation is required. The listing does not detail the condition of the existing structure, so a site visit and inspection would be essential to understand the scope of work needed.

4. How does the "top 100%" ranking for year built work?
Rankings like "top 100% in same street" indicate this property is ranked #1 out of 387 on the street for that metric. Since "newer = better" for the year built rank, this paradoxically suggests the data may show it as a new build or a vacant lot, further pointing to its status as a development site rather than a traditional home.

5. Are utilities and services connected to the property?
For any build or renovation project, confirming the availability and connection points for water, sewer, gas, and electricity is a fundamental due diligence step that must be verified.