Property Overview: 1981 Ross Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home in Brooklands, built in 1930. Its key characteristic is its proportion: situated on a roughly 2,600 sqft lot, the 615 sqft living area is compact. The home has a basement (not renovated) and a detached garage. The data reveals a property that is below average in size and assessed value compared to its neighbourhood and the wider city, but its lot size is closer to the average for its immediate street.
The primary appeal lies in its land value and potential. For the right buyer, it represents an affordable entry into homeownership with a solid lot foundation. It suits a practical, hands-on buyer—perhaps a first-time purchaser comfortable with a project, an investor looking for a rental property with future redevelopment potential, or someone seeking a minimal footprint with outdoor space. Its very low historical sale price suggests it may be a candidate for a significant renovation or a complete rebuild, making it more of a blank canvas than a move-in-ready home.
Section 2: Frequently Asked Questions
1. Is this a tear-down property?
Given the significant disparity between the small living area and the lot size, coupled with the home's age and low historical sale price, it is very likely being considered by the market for its land value and redevelopment potential. A professional inspection is essential to determine if renovation is feasible.
2. How does the lot size compare?
At 2,598 sqft, the lot is around average for Ross Avenue W but below the average for both the Brooklands neighbourhood and Winnipeg overall. This suggests a more typical, manageable yard for the immediate area.
3. What does the assessed value indicate?
The $140k assessment is below average for the street and significantly below city averages. This typically reflects the home's condition and size rather than just its location, and is a key factor in its affordability and lower property taxes.
4. Who would this property suit best?
It best suits a buyer whose priority is securing land within the city at an accessible price point. This includes developers, investors, or owner-occupiers with a clear vision and budget for a major renovation or new construction.
5. What should I consider about the neighbourhood context?
The data shows that many homes on this street are older and of varying sizes. It’s a mature, established area. Prospective buyers should research recent development activity on the block to gauge the area's trajectory and the potential for future property value increases based on infill development.