Property Overview: 704 Ashworth Street S, Winnipeg

Key Characteristics & Appeal

This two-storey home in Dakota Crossing presents a practical and updated living space. Its key appeal lies in being a well-maintained, modern property within its immediate context. Built in 1998, it is notably newer than many homes on its street and across Winnipeg, suggesting fewer concerns with aging infrastructure. The living area (1,317 sq ft) is comfortably above average for the street, and the basement has been renovated, adding functional space. A detached garage provides flexibility for parking or storage.

The property’s standout characteristic is its value positioning. While its assessed value is strong for the street, it sits below the neighbourhood average for Dakota Crossing. This creates an opportunity for buyers seeking a newer, updated home in the area without the premium price tag of some larger lots. The trade-off is a smaller land area (3,366 sq ft), which means less yard space but also lower maintenance.

This home would suit first-time buyers or downsizers looking for a move-in-ready property with modern comforts in a established neighbourhood. It’s also a sensible fit for value-conscious buyers who prioritize the condition and interior space of the home itself over having a large private yard.

Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
While the yard is more compact than many in the city, it translates to less time and money spent on maintenance. For buyers who prefer low-maintenance living or would rather utilize nearby parks, this can be a practical benefit rather than a drawback.

2. How does the recent sale price compare to the assessment?
The home sold in January 2024 for $477,000, which is significantly above its $421,000 assessed value. This indicates strong market demand for updated, newer homes in the area, even with a smaller lot.

3. What does the "above average" ranking for year built mean for me?
A newer build (1998) typically means more modern construction standards, wiring, plumbing, and insulation. This can lead to greater energy efficiency and potentially lower immediate repair costs compared to much older homes in the neighbourhood.

4. The home ranks well on its street but average in the wider area. What does this signify?
This suggests Ashworth Street S is a consistent, likely desirable street within Dakota Crossing. The home holds its own among its direct neighbours, offering a sense of community parity, while the neighbourhood-level metrics help contextualize its value within the broader market.

5. Who might this property not suit?
Buyers with multiple vehicles requiring ample driveway parking, those wanting extensive gardening space, or anyone seeking a property with significant land value as a primary investment component may find the lot size limiting. It’s best for those whose focus is on the home itself.