Property Overview

717 Ashburn Street presents a unique profile defined by its modern construction and modest footprint within a mature Winnipeg neighbourhood. Built in 2008, it stands out significantly for its age on a street and in an area (Minto) predominantly composed of homes from the early 1930s. The home offers 903 sqft of living space, which is fairly typical for its immediate street but notably compact compared to the Winnipeg city average. The lot size of 2,199 sqft is smaller than most in the area. A defining characteristic is its assessed value of $33,800, which ranks in the top tier locally but reflects a much lower valuation than broader city averages, indicating a substantial divergence between its municipal assessment and typical market prices in other parts of the city.

Appeal & Ideal Buyer
The core appeal lies in its modern build within an established, quiet neighbourhood. Buyers gain the benefits of a relatively new home—likely requiring less immediate maintenance and featuring contemporary building standards—without being in a new suburban development. This property would suit a first-time homebuyer, a downsizer, or an investor seeking a modern, low-maintenance property. Its compact size and smaller lot are ideal for those seeking efficiency and ease of upkeep. The significant disparity between its low assessed value and the average values of nearby homes is a notable point for discussion with a tax advisor, as it may present a unique property tax scenario.

Frequently Asked Questions

1. Why is the assessed value so much lower than the average for the street?
While the assessed value of $33,800 ranks in the top 4% on Ashburn Street, this indicates it is one of the lowest values on the street, where the average is around $240,000. This typically reflects the municipality's valuation formula, which may weigh factors like living area and lot size heavily. It does not necessarily predict market sale price.

2. What are the pros and cons of a newer home on an old street?
The major advantage is modern construction, potentially offering better energy efficiency, updated wiring, and fewer major repair concerns than neighbouring century-old homes. A consideration is that the architectural style and scale may differ from the surrounding homes, and the smaller lot offers less private outdoor space than many neighbours have.

3. How does the living space compare to a typical condo?
At 903 sqft, the living area is comparable to a mid-to-large two-bedroom condominium. The appeal here is that it is a detached house, offering privacy and no condo fees, but with a similar efficient footprint.

4. The lot is smaller than average. What does this mean for me?
The 2,199 sqft lot requires less landscaping and yard maintenance, which is a benefit for those seeking simplicity. However, it may limit options for expansions, additions, or extensive outdoor living spaces like large decks or gardens.

5. Where can I see more context about this specific location?
You can open the neighbourhood map analysis page (linked in the original details) to view this property in geographic context alongside nearby houses, comparing year built, living area, assessed value, and lot size visually.