Property Overview: 385 Ash Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, compact bungalow built in 1940, situated on a standard-sized lot in North River Heights. Its defining characteristic is its modest 935 sqft living area, which is notably smaller than most homes on its street and in the wider area. This creates a distinct value proposition. The assessed value of $475k is competitive, sitting around the average for the neighbourhood but above the average for the city as a whole, suggesting the value is anchored in the desirable location rather than the size of the home.
The appeal lies in a practical blend of location and affordability within a well-regarded community. It suits first-time buyers or downsizers seeking an entry point into a mature neighbourhood without the upkeep of a larger property. It’s also a potential candidate for investors or renovators who see value in the lot and location, with the smaller existing footprint offering a clearer path to an addition or significant update. A less obvious perspective is that this home represents a lower-impact, more efficient living option in a central area, appealing to those prioritizing location over square footage and potentially lower utility costs.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. At 935 sqft, the living area is well below the average for Ash Street (~1,605 sqft) and North River Heights (~1,540 sqft). This is the home's most standout statistical feature.
2. How does its value compare to other homes?
Its $475k assessment is typical for North River Heights but is above the Winnipeg city-wide average. This indicates you are paying a premium for the location within a established neighbourhood.
3. When was it last sold and for how much?
Public records indicate it sold in November 2020, with the sold price falling within the $400,000 - $450,000 range. Exact sale figures require a manual request through the site.
4. What is the lot size and potential?
The lot is 4,822 sqft, which is generally in line with area averages. This standard lot size could be a key asset for future expansion or landscaping, offsetting the smaller interior.
5. How can I get verified historical price data?
The site does not display MLS records. To obtain the full, exact transaction history, you must request it directly via email, and the team will provide the details manually.