Property Overview: 777 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 777 Ashburn Street in the Minto neighbourhood is defined by its historical roots and practical value. Built in 1907, it is notably older than most homes in the city, offering classic character but also implying a need for diligent maintenance and potential updates. With 1,024 square feet of living space, it provides a comfortably sized footprint that is actually slightly above average for its immediate street and neighbourhood, making it a sensible choice for a small family, a couple, or an investor.

The primary appeal lies in its affordability and lot size. The assessed value is significantly below average at every comparison level—street, neighbourhood, and city-wide—positioning it as an accessible entry point into the market. The land parcel of 3,299 sqft is generous for the area, offering valuable outdoor space that is increasingly rare in more central locations. This combination suggests a property where the value may be anchored in the land itself and the opportunity it presents, whether for gardening, expansion, or simply having room to breathe.

This property would best suit a practical, hands-on buyer. It’s ideal for a first-time homeowner comfortable with a project, an investor looking for a rental property with a strong land-to-value ratio, or someone specifically seeking an older home with traditional charm in a long-established community. It appeals to those who prioritize location and lot size over modern finishes and who view a lower assessment as a foundation for building equity.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the averages shown?
The assessed value of $18,600 is consistently in the bottom 10-15% of comparable properties. This typically reflects the home’s age (119 years), likely smaller size relative to newer builds, and potentially the need for modernization. It’s a key indicator of the property’s status as a value-priced opportunity.

2. What does the "Sold 2018 CA$150k–200k" price range indicate?
This public data shows the home sold for between $150,000 and $200,000 seven years ago. The wide range highlights that exact sale prices are not publicly recorded in Manitoba; obtaining the precise figure requires a manual request. This past price provides a benchmark for how the property’s market value may have moved since then.

3. As a 1907 home, what should I be most concerned about?
Given its age, prospective buyers should prioritize inspections for foundational integrity, plumbing and electrical systems (which may not be original but likely have been updated in phases), insulation, and the roof. The charm of an older home comes with the responsibility of understanding its maintenance history and future needs.

4. The lot size is noted as "below average" city-wide but "around average" for the area. Which is more relevant?
The local context is more meaningful. While city-wide averages are skewed by newer suburbs with larger lots, this property’s lot is actually slightly larger than the typical lot on Ashburn Street and in the Minto neighbourhood. This means you’re getting a competitively sized, potentially valuable parcel for this specific location.

5. Who are the immediate neighbours, and what are their properties like?
The listing shows several direct neighbours on Ashburn Street, all with similarly low assessed values (e.g., 775 Ashburn at $11,200). This suggests a consistent character for the block—likely a mix of older, modestly sized homes—which can be positive for maintaining the area’s affordability and unpretentious feel.