Property Overview: 788 Ashburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 788 Ashburn Street in the Minto neighbourhood presents a distinct value profile rooted in its historical context and practical space. Built in 1914, it is a century-old character home offering 1,200 sqft of living area, which is notably above average for both its immediate street and the broader Minto area. This suggests a more spacious interior compared to many nearby homes. The lot size of 2,556 sqft is modest but typical for its urban setting.

The primary appeal lies in its value proposition. With a current assessed value of $220k, it sits significantly below the Winnipeg city average. Recent sold price data (between $150k-$200k) confirms its position as an accessible entry point into the market. This isn't a modern, sprawling property; its charm and opportunity are for the pragmatic buyer. It would suit a first-time homeowner comfortable with the character and potential maintenance of an older home, or an investor looking for a rental property with a lower initial outlay. A thoughtful perspective is that while the home ranks "below average" in value city-wide, this actually highlights its affordability in a central location, offering liveable space without a premium price tag.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the selling price?
No. The assessed value ($220k) is for municipal tax purposes. The recent sales history suggests the actual market price may be lower, in the $150k-$200k range.

2. What does the "above average" living area ranking mean for me?
It means that for the Minto area and Ashburn Street specifically, this home offers more interior space than most comparable properties. You're getting more square footage relative to the local market.

3. As a 112-year-old home, what should I be prepared for?
While systems and structure should be thoroughly inspected, consider that a home from this era often has solid construction and character. However, budgeting for potential updates to plumbing, electrical, or insulation is prudent.

4. The lot seems smaller than the city average. Is that a drawback?
For an inner-city neighbourhood like Minto, this lot size is common. It offers manageable outdoor maintenance and is typical for the area's density, but it may not suit those seeking extensive yard space.

5. Why is there a range for the past sold prices, and how can I get the exact figure?
The ranges are based on public data. The listing service offers to provide the exact sold price history via a manual email request to ensure accuracy and compliance with data regulations.