Property Overview: 504 Ash Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This is a modest, well-situated home built in 1944, offering a practical entry point into the established North River Heights neighborhood. With 982 square feet of living space, it is notably smaller than most homes on its street and in the immediate area, positioning it as a more manageable and potentially affordable option. The assessed value of $411,000 sits below the street average but aligns closely with the neighborhood and city-wide averages, suggesting a fair valuation within a desirable area.

The primary appeal lies in its location and lot. The property sits on a 4,821 sqft lot that is typical for North River Heights, providing good outdoor space relative to the home's size. This presents a key opportunity: the value is anchored in the land and location, making it a candidate for future expansion or renovation for a buyer looking to customize their space. It last sold in 2017 for between $300,000 and $350,000, indicating significant equity growth for the current owner.

This home would best suit first-time buyers seeking neighborhood prestige without a massive footprint, downsizers looking to maintain a garden and community connection with less interior upkeep, or value-focused investors who see potential in the underlying property. It’s a pragmatic choice for those who prioritize location over immediate move-in size.

Frequently Asked Questions

1. Is the home’s smaller size a disadvantage?
It can be, for those needing ample room. However, it also means lower utility costs, less maintenance, and a more affordable entry into a sought-after neighborhood. For the right buyer, it’s an efficient use of space.

2. How does the assessed value compare to likely market value?
The assessed value of $411k is for municipal tax purposes. Market value is determined by current buyer demand. Given that this assessment is average for the city but below average for its own street, it suggests the market price may be influenced more by the home's condition and modern updates than by the raw assessment figure.

3. What does the sold history tell us?
The home sold in the $300k-$350k range in 2017. The increase to its current assessed value reflects broader market appreciation. This history is useful for understanding market trends but does not guarantee future performance.

4. Are expansions or major renovations feasible here?
The lot size is standard for the area, and the existing home's modest footprint could allow for a thoughtful addition, subject to local zoning and permit approvals. This is a common consideration for homes of this vintage in North River Heights.

5. How can I get the exact past sale price?
The provided data shows a range. For the precise sale price from 2017, you can request a manual lookup via the site’s email service, as exact transaction histories are not displayed publicly due to industry data rules.