68 Ash Street – Property Summary
Key Characteristics & Target Buyer
This is a large, older home on an unusually generous lot in a well-regarded Winnipeg neighbourhood. The property stands out most for its land and living space. The lot is 12,011 square feet—ranked in the top 1% on its street and top 4% citywide. The living area of 3,678 square feet places it in the top 2% on Ash Street and the top 1% in all of Winnipeg. The assessed value of $1.05M reflects the scale and location, though it doesn't necessarily indicate recent renovations or luxury finishes. Built in 1929, the house is older than most in the city (top 83% by age), which means it likely has original character but may also need updating or careful maintenance.
The appeal is straightforward: space and location. Buyers here are trading a newer, move-in-ready home for square footage, a large private lot, and the chance to live on a street with strong comparables. This property would suit someone who values room to spread out—whether for a family, home offices, or hobbies—and who has the patience or budget for a project. It’s less suited for someone wanting a low-maintenance, modern home or who prioritizes energy efficiency and minimal upkeep.
Five Possible FAQs
1. How does the age of the house affect its condition or value?
Built in 1929, the home is older than most in the city. Older homes often have solid construction and character details, but systems (plumbing, electrical, roof) may be original or nearing end of life. Buyers should budget for inspections and potential updates. The assessed value doesn’t account for deferred maintenance, so the actual price may reflect needed work.
2. Why is the assessed value higher than the neighbourhood average?
The assessment of $1.05M is in the top 1% citywide and top 3% on the street, while the neighbourhood average is about $806,000. The higher value is driven primarily by the very large lot (12,011 sq ft) and the large living area (3,678 sq ft), both well above the local averages. Value is tied to size and location, not necessarily to interior condition or finish quality.
3. Is this a good area for families or for resale value?
Ash Street and the Wellington Crescent area rank well for property values and lot sizes. The neighbourhood is established with above-average comparables. For families, the large house and lot offer space, but the age of the home may mean higher ongoing costs. Resale value is supported by the rarity of the lot size and living area, but buyers should consider that the pool of buyers for a older, large home may be smaller than for a modernized property.
4. What is “assessed value” and does it equal market price?
Assessed value is used for property tax calculations and is based on a standardized model, not a current market appraisal. It gives a sense of relative value compared to other properties, but market price can differ based on condition, renovations, and buyer demand. A home in need of updates may sell below its assessment, while a fully updated one might sell above.
5. How does this property compare to newer homes in Winnipeg?
Compared to the average Winnipeg home (1,342 sq ft, 6,570 sq ft lot, built around 1966), this property is significantly larger and on a much bigger lot, but older. Newer homes are typically more energy-efficient and require less immediate work. This property offers space and character that newer homes often lack, but with higher potential maintenance and utility costs. It’s a trade-off between size and convenience.