Property Overview: 870 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and desirable location within the Minto neighbourhood. Built in 1945, the 840 sqft house sits on a larger-than-average 4,116 sqft parcel of land. This is its defining characteristic: the lot size ranks within the top 15% on its street and top 14% in the Minto area, offering notable potential for expansion, gardening, or outdoor space that is uncommon for the locale.
Its appeal lies in this land value and established neighbourhood setting. The assessed value is notably above average for both Ashburn Street and Minto, suggesting official recognition of its lot premium and location, even though the living space is modest by broader city standards. It suits a specific type of buyer: a practical homeowner or investor who sees value in land over square footage. This could be a first-time buyer looking for a foothold in a mature neighbourhood with room to grow, or someone interested in the long-term redevelopment potential of a sizable lot. It’s less suited for those seeking a move-in-ready, spacious interior without renovation plans.
Frequently Asked Questions
1. Why is the assessed value relatively high for a smaller, older home?
The assessed value is likely driven by two key factors: the significantly larger-than-average lot size for the immediate area and the property’s location within the established Minto neighbourhood. Tax assessments consider land value heavily, which explains its above-average ranking locally.
2. What does the sold price history indicate?
The home sold between $250,000 and $300,000 in 2020. This past sale price, ranking in the top 25% on its street at the time, reinforces that the market has historically placed a premium on this property, consistent with its above-average assessed value for the area.
3. Is the house likely to need major updates?
Given its age (81 years), buyers should budget for updates common to homes of this era. This includes potential repairs or replacements to major systems like plumbing, electrical, and the roof, as well as general modernization. A thorough inspection is essential.
4. How does the living space compare to nearby homes?
At 840 sqft, the living area is slightly below the average for Ashburn Street (~958 sqft) and for the Minto area (~1,060 sqft). This confirms the home’s interior is compact, making the generous lot size its standout feature.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on Ashburn and Strathcona Streets, indicating a dense, traditional residential streetscape typical of mature Winnipeg neighbourhoods. For detailed amenities, traffic patterns, and a fuller community profile, further neighbourhood-specific research is recommended.