Property Overview: 359 Ash Street, Winnipeg
Key Characteristics & Appeal
This home in North River Heights presents a compelling mix of established character and strong valuation. Built in 1928, it is an older home on its street and within the city, suggesting classic architectural details and a mature setting. With 1,356 sqft of living space and a 4,822 sqft lot, its size is generally average for the immediate area but sits on a slightly more compact parcel of land compared to some neighbours.
The standout feature is its assessed value of $649,000, which ranks in the top 10% on Ash Street, the top 9% in North River Heights, and an elite top 5% citywide. This significant premium over area and city averages indicates that the property is assessed—and likely perceived—as a high-calibre home within its markets. Its last known sale was between $550,000-$600,000 in early 2018, a price that also ranked well above average at the time.
The appeal lies in acquiring a home in a desirable neighbourhood that holds substantial value relative to its surroundings. It would suit a buyer who appreciates the established feel of an older home and neighbourhood, and who views the high assessment not just as a tax implication, but as a marker of a proven, premium asset within the community. It’s a property for someone confident in the lasting value of location and character, rather than seeking the largest lot or newest build.
Frequently Asked Questions
1. Why is the assessed value so much higher than area averages?
While specific renovation details aren't provided here, an assessment this far above averages typically reflects significant updates, premium finishes, a desirable location on the street, or a combination of these factors. It suggests the municipal assessment views the property as superior to many comparable homes.
2. What should I consider with a home built in 1928?
Expect character like original hardwood or plasterwork, but also prioritize inspections for aging components. The electrical, plumbing, and insulation may have been updated, but verifying the scope and quality of any renovations is key. The maturity of the home is part of its charm but requires diligent evaluation.
3. The lot size is noted as "around average." Is that a drawback?
Not necessarily. In established, sought-after neighbourhoods like North River Heights, lot sizes often vary. An average-sized lot here still provides good outdoor space, and the home's higher value suggests premium attributes beyond sheer land size.
4. How reliable is the sold price data from 2018?
The data is from public records, not the MLS, and is presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as noted in the data disclaimer.
5. The home sold well above average in 2018 and is assessed high now. Does that mean it’s overpriced?
Not inherently. It indicates a consistent trend of this property commanding a premium. The critical step is to understand why—through viewings and inspections—to determine if the features and condition justify the continued premium for you as a buyer.