Property Overview: 927 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home stands out for its modern build and efficient use of space. Built in 2020, it is a notably newer construction compared to most homes on its street and in the wider Minto area, where the average home is nearly a century old. This translates to potential benefits like modern building standards, newer mechanical systems, and less immediate need for major renovations.
With 1,339 sqft of living area, the interior space is generous for the local context, ranking well above average for both the street and the neighbourhood. However, the lot size of 2,199 sqft is more compact, which suggests a low-maintenance yard—a trade-off that prioritizes interior living space over extensive outdoor space.
The home’s assessed value is exceptionally low for the immediate area, placing it in the top 3% of Minto. This significant disparity between its modern build and its valuation is a defining characteristic. It creates a unique value proposition but also warrants a closer look to understand the underlying factors, such as specific lot attributes or municipal assessment methodology.
This property would suit buyers seeking a modern, move-in-ready home in a well-established neighbourhood who prefer to spend less time on yard upkeep. It’s also a compelling option for value-focused purchasers who are savvy about investigating the reasons behind an unusually low assessment relative to similar-aged properties.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the home is newer and larger than many area comparables, its assessed value is notably low. This can sometimes be due to factors like a smaller lot size, specific municipal assessment models, or the home's unique position as a newer build among much older ones. It’s a key point to discuss with your real estate agent to understand market value versus assessed value.
2. What are the implications of having a smaller lot?
The compact lot means lower maintenance for gardening and yard work, which is a plus for many. The trade-off is less private outdoor space and potentially less room for expansions like large decks or additions, compared to other area properties.
3. As a newer home in an older neighbourhood, are there any concerns?
A primary advantage is newer infrastructure (roof, wiring, plumbing), which may reduce near-term repair costs. It’s wise to check if the home’s modern style and value are in harmony with the surrounding homes, as this can affect future resale appeal.
4. What does the sold price history indicate?
The home sold between $300k-$350k in 2021. This past sale, post-construction, provides a more concrete market benchmark than the current assessed value and can be a starting point for understanding its price trajectory.
5. How accurate are the "top percentile" rankings provided?
These rankings are a useful tool for quick comparison, showing how this home stacks up against neighbours in specific metrics. For example, it ranks in the top 1% for year built locally, confirming its rarity as a new build. They are best used as a snapshot to guide deeper investigation into the neighbourhood and property specifics.