Property Overview
844 Ashburn Street is a 1910-built home in Winnipeg's Minto neighbourhood, offering 844 square feet of living space on a 2,552 square foot lot. Its key characteristic is a notably low municipal assessed value of $15,800, which places it in the bottom 3-4% of comparable properties on its street, in Minto, and across the city. The home last sold between $100,000 and $150,000 in 2021.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as an entry-point opportunity. With an assessed value and recent sale price significantly below area averages, it presents one of the most accessible price points in the market. The lot size is relatively standard for the immediate street, offering typical development potential for the area.
It would suit a specific type of buyer: a hands-on investor or a handy first-time purchaser looking for a project. The low tax assessment based on value is a double-edged sword—it suggests very low annual property taxes, but also indicates the home likely requires modernization and may not reflect current market valuations. This isn't a move-in-ready home; it's a foundation for someone building equity through renovation.
A less obvious perspective is its context within the streetscape. While its metrics are low city-wide, its living area and lot size are closer to the median on Ashburn Street itself. This suggests it fits the local pattern, and its deep value discount might be more related to condition than location.
Frequently Asked Questions
1. Why is the assessed value so much lower than the sale price?
Municipal assessments in Manitoba are based on a mass appraisal system and often lag behind the current market. A 2021 sale price between $100k-$150k, compared to a $15,800 assessment, strongly indicates the home was purchased as a fixer-upper. The assessment likely reflects its historical, unimproved state.
2. What does the "Top 97-99%" ranking for assessed value mean?
This means the property's assessed value is lower than 97-99% of comparable homes in each geographic group. It is not a measure of quality, but of value as determined by the municipal assessor. It highlights an unusually low tax base and suggests a significant disparity between its official valuation and surrounding properties.
3. Is the 844 sqft living area sufficient?
At 844 sqft, the home is smaller than the Winnipeg average (1,342 sqft) but is closer to the average for Ashburn Street (~958 sqft). It represents a compact, traditionally sized Winnipeg home, suitable for a small household or an investor considering a potential addition, given the lot size.
4. What should I infer from the 1910 build date?
As one of the older homes on the street (ranking in the older ~20%), it offers classic character but necessitates thorough inspections for foundational integrity, wiring, plumbing, and insulation. Its age is a key factor in both its charm and its need for updates.
5. How reliable are the "Sold 2021 CA$100k–150k" price ranges?
These ranges are derived from public data. For the exact sale price, you must request it via the provided email service. This range, however, clearly establishes the home's recent market position as a lower-value property, consistent with its low assessment.