Property Overview
221 Ash Street is a 1,124 sqft home built in 1923, situated on a 4,822 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $399k, it presents a specific value proposition within its context.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a more accessible entry point into the established North River Heights area. Its living space is notably compact compared to most homes on its street and in the immediate neighbourhood, which is reflected in its below-average assessed value for those areas. However, its city-wide value is around average, suggesting it offers a fair balance of location and price for Winnipeg overall.
The lot size is consistent with local norms, providing standard outdoor space. As a home over a century old, it sits among the older properties in the city, indicating classic character but also the potential for maintenance considerations. It last sold between $350k-$400k in 2021.
This property would best suit a pragmatic first-time buyer or a downsizer seeking the mature, tree-lined streets of North River Heights without the premium price tag of a larger home in the area. It’s for someone who values location over size and is prepared for the realities of an older home, seeing it as a canvas for personal updates over time.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is priced below the average for both Ash Street and North River Heights. This can represent a value for buyers prioritizing location, but it may also reflect the home's smaller size and age.
2. What does the "below average" year built ranking mean?
It means this home (1923) is older than most in its comparison groups. This often brings charm and established landscaping, but buyers should budget for potential updates to systems like plumbing, wiring, or windows.
3. How reliable are the sold price figures shown?
The site states sold prices are based on public internet data, not the MLS, and have had limited verification. For fully verified figures and exact sale amounts, you must request them directly via email from the site.
4. The living area seems small. How does it compare practically?
At 1,124 sqft, it is significantly smaller than the average home on Ash Street (~1,605 sqft). This points to a more efficient or compact layout, suitable for individuals, couples, or small families comfortable with cozier spaces.
5. Why is the city-wide assessment ranking higher than the local ones?
While its value is below average for its immediate area, it’s closer to the average across all of Winnipeg. This highlights how North River Heights generally commands higher property values, and this home offers a way into that market at a price more aligned with broader city averages.