47 Ash Street – Property Summary

Key Characteristics & Buyer Profile

This is a large, older home on an exceptionally generous lot, located on one of Winnipeg’s most established streets. The property stands out most for its land: nearly 12,000 square feet, placing it in the top 6% on Ash Street, top 25% in Wellington Crescent, and top 4% citywide. The living area is also well above average—2,424 square feet ranks in the top 7% on the street and top 4% across Winnipeg. The assessed value, at just over $1 million, reflects this size and location, landing in the top 1% citywide.

Built in 1928, the home is older than many comparables, both on the street and across the city. This is not a move-in-ready modern renovation; it’s a property with history, likely requiring updates or maintenance consistent with its age. The appeal here is tangible: a big lot in a desirable, mature neighbourhood, with space and scale that newer subdivisions rarely offer. It suits buyers who value land, character, and location over turnkey convenience—someone willing to invest in a home’s bones, or who appreciates the quirks and craftsmanship of an older build. It may also appeal to those looking for a property with expansion or redevelopment potential, given the lot size and street prestige.

Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
The assessed value of roughly $1.03 million is well above the Ash Street average of $505,000 and above the Wellington Crescent average of $806,000. It ranks in the top 4% on the street and top 1% citywide, reflecting both the home’s size and its location.

2. Is the home considered historically significant or subject to heritage restrictions?
There is no mention of heritage designation in the data provided. However, buyers should verify this directly with the city, especially given the home’s age and location in a prestigious neighbourhood where heritage bylaws may apply.

3. What does “低于平均” (below average) for construction year mean in practical terms?
It means the house was built earlier than most comparable properties. On Ash Street, the average build year is 1944, and citywide it’s 1966. A 1928 build may mean older systems (plumbing, electrical, insulation), potential for lead paint or asbestos, and a need for ongoing maintenance. It also often means solid materials and construction methods not typical in newer homes.

4. Does the land size offer any subdivision or development potential?
At nearly 12,000 square feet, the lot is unusually large for the area, but whether it can be subdivided depends on local zoning, minimum lot sizes, and neighbourhood guidelines. Buyers interested in that possibility should consult the city’s planning department before making any assumptions.

5. How does the Wellington Crescent neighbourhood compare to others in Winnipeg?
Wellington Crescent is one of Winnipeg’s most prestigious residential areas, known for large lots, older homes, and proximity to the river and parks. The data confirms this: average home values in the area are significantly higher than the city average. However, it’s not uniformly grand—this property, for instance, ranks 118th out of 548 in assessed value, meaning there is a range within the neighbourhood.