Property Overview

This one-storey home at 747 Ash Street in Winnipeg's Central River Heights presents a compelling opportunity centered on its generous lot and established location. Built in 1959, the house itself offers 1,778 sqft of living space with a renovated basement. The property includes a detached garage and sits on a 7,233 sqft lot, which is notably larger than most in both the immediate area and citywide. Its appeal lies in the combination of a solid, updated living space within a highly desirable neighbourhood, anchored by a land parcel that offers privacy and potential. This home would suit a buyer looking for a character home in a prime location who values outdoor space over a brand-new build, and who may see value in the long-term potential of the sizable lot.

Key Details & FAQs

Key Characteristics & Appeal
The standout feature here is the land. The lot size places it in the top 9% on its street and the top 5% in Central River Heights, offering a rare amount of outdoor space for the neighbourhood. The living area is comfortably above average for the area, and the basement renovation adds modern functionality. While the home's 1959 vintage means it isn't new, its construction date is actually newer than many peers in this sought-after area. It suits buyers seeking an established, tree-lined community close to amenities, who appreciate having room for gardens, play, or future expansion. The assessed value suggests it aligns with the market, but the true value proposition is the premium lot in an elite neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to a typical city lot?
The 7,233 sqft lot is significantly larger than the Winnipeg average of approximately 6,570 sqft. In the context of the dense Central River Heights neighbourhood, it's exceptionally spacious, ranking in the top 5%.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and the nature of the updates (e.g., moisture control, layout, materials).

3. Is the detached garage a standard feature for the area?
In older, established neighbourhoods like Central River Heights, a detached garage is common. It provides useful storage or parking, but buyers should check its condition and size for modern vehicles.

4. The home was last sold in 2016. What does that indicate?
A sale eight years ago suggests the sellers have had a stable ownership period. It doesn't inherently indicate positive or negative issues, but it provides a previous price point ($38,800) that is useful for a historical value comparison, noting that market conditions and the property itself may have changed since.

5. The assessed value is noted as "around average" for the street but "above average" citywide. Why?
This reflects the premium of the Central River Heights location. The home's assessed value is typical for its own high-value street but ranks above average compared to all Winnipeg properties, underscoring the desirability of the neighbourhood itself.