Property Overview
245 Ash Street is a 1,102 sqft home built in 1925, situated on a 4,822 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $379k, it presents a specific value proposition within its context.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a more affordable entry point into the established North River Heights area. The living space is compact compared to many neighbours, which is reflected in its below-average assessed value for both the street and the neighbourhood. This creates an opportunity for buyers seeking location over size—a chance to own a character home in a desirable area without the premium price tag of larger properties on the block.
The lot size is fairly typical for the local area, offering standard outdoor space. As a century-old home, it likely possesses classic architectural charm but also implies a need for thoughtful evaluation of its condition and updates. It would suit a first-time buyer, a downsizer, or an investor looking for a solid location who is comfortable with a home that may require personalization or phased updates. Its city-wide value ranking is around average, suggesting it’s priced in line with the broader Winnipeg market, making it a pragmatic rather than a speculative purchase.
Frequently Asked Questions
1. Is this a good value for North River Heights?
Based on the data, the assessed value is below the neighbourhood average. This suggests it could be a financially accessible way to enter this area, assuming the condition and features meet your needs.
2. What should I consider about the home’s age?
Built in 1925, the home is older than most on its street and in the city. This warrants a particularly thorough inspection to understand the state of major systems like wiring, plumbing, and the foundation, but also offers the character often found in homes of that era.
3. How does the lot size compare?
At 4,822 sqft, the lot is around average for North River Heights. It provides a decent yard space typical of the neighbourhood, neither exceptionally large nor small.
4. Why is the living area noted as "below average"?
At 1,102 sqft, the home has less living space than many comparable homes in North River Heights. This is a key factor in its lower assessed value and means efficient use of space is important.
5. How reliable are the past sold prices shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in ranges. For fully verified and exact historical sale figures, you must request them directly via email from the site provider.