Property Overview: 776 Ashburn Street, Winnipeg

Key Characteristics & Appeal

This home presents a distinct profile centered on space and value within its immediate neighborhood. Built in 1907, it is a character property that is notably older than most homes in the city. Its primary appeal lies in its above-average living area (1,104 sq ft) for Ashburn Street, offering more interior space than 70% of its direct neighbors. The assessed value is positioned around the median for the local area and Minto neighborhood, suggesting a fair valuation in its context.

The property would suit a practical buyer who values interior square footage over a large lot, as the land area is modest compared to broader city averages. It’s a fit for someone seeking a home with historic character in a settled, comparative setting, where the house itself offers more room than others on the block. A thoughtful perspective is that its "below average" rankings for year built and city-wide lot size are balanced by its "above average" living space locally, highlighting a trade-off common in established neighborhoods: you’re investing in the home’s interior envelope and location rather than a new build or expansive yard.

Frequently Asked Questions

1. How does the age of this home (1907) affect its value and potential?
The age places it among the oldest in the city, which typically implies a need for closer attention to foundational, electrical, and plumbing systems. However, in its local Minto context, it may contribute to neighborhood character. Value is often more directly influenced by its maintained condition and updates rather than the build year alone.

2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average is skewed higher by newer suburban homes and more expensive areas. The assessment is much more aligned with averages in the Minto area and on Ashburn Street itself, reflecting its realistic market value within its specific location and context.

3. Is the living area truly a standout feature?
Yes, but primarily within the immediate vicinity. While it’s around the middle range for the entire city, it ranks in the top 30% on its own street. This means you likely get more interior space than most direct neighbors, which is a key local advantage.

4. What does the sold price history indicate?
The last recorded sale (2020) fell in the CA$200k–250k range, which positioned it below average city-wide but closer to the median for its area. This pattern is consistent with the current assessment data, suggesting a stable value trajectory for the neighborhood.

5. How useful are the lot size comparisons?
The lot is modest, especially compared to typical Winnipeg lots. This is a common feature in older, central neighborhoods. The key takeaway is that the property’s appeal is geared more toward the living space within the home rather than outdoor land, which is an important consideration for gardeners or those seeking extensive outdoor privacy.