Property Overview: 640 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of space, land, and value within its immediate neighborhood. Its standout features are a generous 1,501 sqft of living area and a large 5,140 sqft lot, both ranking in the top 4% of similar properties in the Minto area. This combination is rare, offering ample room for both indoor living and outdoor potential—be it gardening, expansion, or simply enjoying private outdoor space.

Built in 1911, the property is a classic Winnipeg character home. While its age means potential heritage charm, it also suggests buyers should be prepared for the maintenance and updating that can come with a century-old structure. The assessed value of $280k is above average for the street and neighborhood, yet sits below the city-wide average, indicating you get more house and land for your money in this specific location.

The appeal lies in securing a property that is a leader in its local market for space, on a lot that is significantly larger than most nearby. It would suit a buyer looking for a project-ready character home with fantastic yard potential, who values the established feel of Minto over a newer suburban setting. It’s a practical choice for someone who prioritizes lot size and interior square footage over a modern build, and who is savvy about the balance between a city-below-average assessment and above-average local investment.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for lot size actually mean?
It means the property's 5,140 sqft lot is larger than 97% of comparable lots on Ashburn Street and 96% of those in the broader Minto area. You are getting a lot that is substantially bigger than the neighborhood norm.

2. The home sold in 2022. Is the current assessed value accurate?
The assessed value ($280k) is for municipal tax purposes and is typically based on a prior market evaluation. The 2022 sale price range was $300k-$350k. For a current market valuation, a professional appraisal or comparative market analysis is recommended.

3. As a 1911 build, what should I be most concerned about?
While offering classic charm, key considerations include the age and condition of major systems like plumbing, electrical, and the foundation. A thorough, specialized inspection is crucial to understand any needed updates or repairs.

4. The assessed value is below the city-wide average. Is that a good thing?
This can be a double-edged sword. It suggests the property may offer more space per dollar within the city context, potentially leading to lower property taxes relative to a similarly sized home in a higher-assessment area. However, it may also reflect the older age of the home and its specific location within the broader market.

5. How do I find out the exact price it sold for in 2022?
The exact sale price is not publicly displayed in detail due to data privacy practices. You can request it directly via the "Get exact sold price history" button or link on the listing page, and the service will email you the information.