Property Overview: 1960 Ross Avenue W, Brooklands, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a generous 4,417 sqft lot presents a straightforward opportunity in Winnipeg's Brooklands neighbourhood. Its key appeal lies in the land itself—the lot size is well above average for both the immediate street and the broader area, offering valuable outdoor space and future potential. The house, built in 1959, is newer than many on the block and features a detached garage and a basement (not renovated).
The property is best suited for value-focused buyers looking for a solid foundation. This includes first-time buyers or investors seeking a home with a large yard in a mature neighbourhood, where the value is anchored more in the land than in a modernized living space. It’s also a practical candidate for those with renovation plans, as the structure offers a blank slate without the premium price of a fully updated home. A thoughtful perspective is that, while the living area is modest, its assessed value ranks relatively high for the street, suggesting the municipal assessment sees underlying value here that may not be immediately apparent from the home's condition alone.
Section 2: Frequently Asked Questions
1. What is the true draw of this property?
The primary asset is the lot. At over 4,400 sqft, it significantly outpaces the neighbourhood average, providing rare space for gardens, play, or expansion in this area.
2. What should I expect regarding the home's condition?
The listing notes an unrenovated basement, and the home's last sale price was significantly below its current assessed value. This typically indicates a property requiring updates, so a thorough inspection is essential to understand the scope of work needed.
3. How does this property compare to others nearby?
The data shows it sits in an interesting position: its lot size and year built are above average for the street, but its living space is average. This creates a mix of strengths and compromises compared to immediate neighbours.
4. Is the assessed value a reliable indicator of market price?
Not directly. The current assessed value ($230k) is much higher than the 2021 sale price ($20.9k), which was likely an outlier. The 2016 sale at $240k may be a more relevant historical marker, but market conditions have changed. An assessment is for taxation, not sale, so a current market evaluation is crucial.
5. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home or those who prioritize modern finishes and low maintenance. The value here is in the land and the project, not in immediate comfort or conveniences.