Property Overview: 625 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic 1924 bungalow in the Minto neighbourhood, offering a practical and affordable entry into Winnipeg’s housing market. With 934 sqft of living space, it provides a comfortable footprint for a small household. Its key appeal lies in its relative value within its immediate area. While smaller than the city-wide average, the home’s assessed value and living area are squarely in line with—or slightly better than—many of its neighbours on Ashburn Street and in the broader Minto area. This suggests a competitively priced property in a community of similar vintage homes.

The lot, at 2,200 sqft, is notably compact, even for the area. This translates to lower maintenance, which can be a significant advantage for first-time buyers, downsizers, or investors seeking a manageable property. The home last sold between 2021 for an estimated $250k-$300k, a price point that historically positioned it well within its local market.

This property would best suit a pragmatic buyer: a first-time purchaser looking for a character home without a sprawling yard to upkeep, an investor seeking a lower-maintenance rental, or someone wanting to live in a mature neighbourhood without a premium price tag. It’s a home that offers location and function over size, appealing to those who value efficiency and community character.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value (listed as $24.40k) is for municipal tax purposes only and is typically a fraction of the market value. The home’s likely market value is better indicated by its 2021 sale price range of $250k-$300k and its ranking against area averages.

2. What does the "below average" city-wide ranking mean?
This primarily reflects the home’s context. Compared to the entire city, which includes many newer suburbs with larger homes on bigger lots, this 1924 bungalow naturally ranks lower for size and lot dimensions. This isn’t necessarily a drawback—it highlights the home’s affordability and its place in a mature, established neighbourhood.

3. What are the implications of a 100-year-old home?
A home from 1924 offers charm and established neighbourhoods but requires diligent inspection. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, and insulation, and seek a thorough professional home inspection.

4. How significant is the smaller lot size?
The 2,200 sqft lot is a defining feature. It means minimal yard work and lower exterior maintenance costs, which is a plus for many. However, it also limits expansion possibilities, outdoor space, and parking. It’s ideal for those who prioritize a low-maintenance lifestyle.

5. Why is the "Sold Price" shown as a range?
The exact sale price is often not publicly available in Manitoba. The provided range is based on publicly accessible data. For the precise historical sale price, you can request it directly from the listing source via the provided email option.