Property Overview: 362 Ash Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of generous interior space and a well-established location. Its primary appeal lies in its above-average living area of 1,752 sq ft, which ranks within the top 30% for both the immediate street and the broader North River Heights area. This suggests a home that offers more room than many of its neighbours, a significant advantage for growing families or those who value spaciousness.
Built in 1923, the property is one of the older homes in the area, which typically indicates character and mature landscaping but also warrants a closer look at maintenance and systems. The assessed value of $535k is notably above average city-wide, reflecting the desirability of the neighbourhood and the home's size. The lot, at 4,821 sq ft, is fairly typical for the area.
This property would suit buyers looking for a established, spacious home in a prime Winnipeg neighbourhood. It’s ideal for those who prioritize interior square footage over a vast yard and are comfortable with the realities and charm of a century-old home. The historical sales data shows strong appreciation, making it a consideration for buyers viewing real estate as a long-term investment in a stable area.
Section 2: Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means this home's interior size is larger than approximately 70-80% of comparable homes in Winnipeg, and about 70% of homes on its own street. You are getting more house for the area.
2. The home was built in 1923. Should I be concerned?
Not necessarily, but be proactive. Homes of this age in North River Heights often have solid construction and charm. The key is to understand the current condition of major systems (roof, plumbing, electrical, foundation) and any updates made over the years. A thorough inspection is essential.
3. How does the lot size compare?
The lot is slightly smaller than the average on Ash Street but is very typical for North River Heights as a whole. It provides a standard urban yard—sufficient for gardening and recreation but not an expansive green space.
4. The assessed value is $535k, but it sold for an estimated $600k-$650k in 2023. Why the difference?
Municipal assessed value for property tax purposes often lags behind the current market. The 2023 sale price is a stronger indicator of its recent market value, showing that buyers have been willing to pay a premium for this home.
5. Where can I get the exact historical sale prices?
The precise sale figures are not published on this site due to industry regulations. You can request the exact sold price history by emailing the site directly, and they will provide the verified figures manually.