Property Overview: 448 Ash Street, Winnipeg
Key Characteristics & Appeal
This home at 448 Ash Street in North River Heights presents a practical opportunity in a well-regarded neighborhood. Built in 1941, it is a character home of its era, with a living area of 1,246 sqft situated on a 4,819 sqft lot. The appeal here is grounded in value and location. With an assessed value of $408,000, it sits below the average for Ash Street itself, yet is reasonably aligned with broader area and city averages. This suggests a potentially more accessible entry point into a desirable area.
The home would suit first-time buyers or downsizers seeking established neighborhood charm without a premium price tag. Its lot size, while smaller than others on the street, is near the average for North River Heights, offering manageable outdoor space. A thoughtful perspective is that this property represents a "neighborhood play"—the value is significantly derived from its location within River Heights, offering the community benefits, mature tree canopy, and convenience often associated with the area, in a home that may require personalization or updates reflective of its age.
Frequently Asked Questions
1. How does the assessed value relate to likely market price?
The assessed value of $408k is for municipal tax purposes and is a historical snapshot. Market price is determined by current conditions. The last known sale was between $350k-$400k in mid-2019, providing a historical benchmark.
2. Is the living space small for the area?
At 1,246 sqft, it is below the average for Ash Street, but near the average for Winnipeg overall. It offers a more compact footprint, which could mean lower utility costs and less maintenance, appealing to those seeking efficiency.
3. What should I consider about a home built in 1941?
While possessing classic character, a home of this age may have original systems (like plumbing or electrical) that could require inspection and potential updating. This also offers the chance to renovate and add value over time.
4. The lot is smaller than others on the street. Is that a major drawback?
While it ranks in the bottom 7% for lot size on Ash Street, it is close to the neighborhood average. This could mean a more manageable yard for maintenance and a closer-knit streetscape feel.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to data licensing rules, exact sold prices are not displayed publicly. You can request the exact historical figures via email from the site provider for verified details.