Property Overview: 929 Ashburn Street, Winnipeg
Key Characteristics & Appeal
This home stands out for its modern build and efficient use of space. Constructed in 2020, it is a notably newer property compared to most homes on its street, in the Minto area, and across Winnipeg, placing it in the top 1-3% for year built. With 1,361 sqft of living area, it offers more interior space than most comparable local homes, ranking in the top 7% on its street.
The appeal lies in this combination of a modern, low-maintenance home with above-average interior space, situated on a smaller, manageable lot. The most striking characteristic is its assessed value of $38,200, which is exceptionally low compared to local averages. This typically indicates a long-term tax advantage, but it's crucial to understand this is not the market price; recent sales data shows the home sold between $400k-$450k in 2024.
This property would suit buyers looking for a modern home without the upkeep of an older property, and who prioritize interior space over a large yard. It’s also a compelling option for those interested in the long-term financial benefit of a lower property tax assessment, provided they understand the upfront market price is significantly higher.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
The assessed value is set by the municipal government for taxation purposes and often lags behind current market values, especially for newer homes. A low assessment can result in lower annual property taxes, which is a permanent advantage for the homeowner.
2. What does having a smaller lot size mean for me?
The land area is below average for the area. This means less exterior maintenance (like mowing and landscaping) but also limited space for additions, large gardens, or extensive outdoor recreation. It suggests a more efficient, low-maintenance yard.
3. As a newer home (2020), what should I expect regarding renovations or updates?
Being only a few years old, the major systems (roof, furnace, windows) and finishes are likely in very good condition. This can mean minimal immediate repair costs, but any updates would be purely for personal preference rather than necessity.
4. The home sold recently in 2024 and 2021. What does this indicate?
Frequent sales can indicate a desirable, turn-key property in a sought-after location, but it’s always wise to inquire about the reasons for sale. It also provides clear, recent market price benchmarks.
5. How does the living area compare practically?
At 1,361 sqft, it offers more space than many nearby homes (which average around 958-1,060 sqft). This suggests a comfortable size for a small family or couple, likely with five or more main rooms, without the heating and cleaning demands of a much larger property.