Property Overview: 742 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Ashburn Street in the Minto neighbourhood stands out for its significant size relative to its immediate surroundings. With nearly 2,000 square feet of living space, it ranks in the top 1-2% for size both on its street and in the broader Minto area, offering substantially more room than typical local homes. It sits on a large, 5,121 sqft lot, which is also notably larger than most in the vicinity. Built in 1961, it is a more modern structure compared to many neighbouring homes, which average build dates in the early 1930s.

The primary appeal lies in this combination of above-average interior space and land size for the area, providing a sense of rarity and value within a well-established community. The property’s assessed value is remarkably low compared to both street and city averages, which may indicate significant equity potential or require deeper investigation into the assessment rationale.

This home would suit buyers looking for a spacious family home in a mature neighbourhood without paying a premium typically associated with such square footage elsewhere in the city. It’s also a compelling prospect for value-oriented investors or renovators who see potential in the discrepancy between its physical attributes and its official valuation.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sold price and surrounding averages?
The assessed value of $42.7k is an administrative valuation for tax purposes and is not a reflection of current market value, as demonstrated by the 2023 sale in the $400k-$450k range. This large gap is unusual and can sometimes be due to specific exemptions, outdated assessments, or the property's classification.

2. How does the 1961 build year compare to nearby homes?
This home is significantly newer than most on its street and in Minto, where average build years are around 1931-1933. This suggests potentially fewer immediate concerns with very aged infrastructure common in century-old homes, though a full inspection is still essential.

3. What does "top 1%" for living area on the street actually mean?
It means that, based on the data, 99% of the 387 comparable homes on Ashburn Street have less living area. With 1,976 sqft, this home offers more than double the average living space (958 sqft) found on the street, highlighting its standout size.

4. Is the large lot size a major advantage?
Yes, particularly in this context. The lot is over 5,000 sqft, ranking in the top 5% for the area, where lots average around 3,000-3,200 sqft. This allows for more private outdoor space, potential additions, or landscaping opportunities that aren't possible on standard lots in the neighbourhood.

5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. You can request the precise history by emailing via the provided button on the listing page. The service is manual, with a promised reply by the end of the same business day, and your email is not used for marketing spam.