Property Overview: 374 Ross Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home at 374 Ross Avenue in the Centennial neighbourhood presents a compelling mix of modern convenience and value. Built in 2015, it is a notably newer construction compared to most homes on its street and in the wider area, offering contemporary building standards and less immediate concern for major repairs. With 1,520 sqft of living space and an attached garage, it provides comfortable, low-maintenance family living.
Its primary appeal lies in this rarity of age and its efficient layout on a standard city lot. The home sits on a 2,935 sqft parcel, which is typical for the area, meaning you’re investing primarily in the modern structure itself rather than an oversized plot. The unrenovated basement presents a clean canvas for future customization.
This property would suit first-time buyers or young families seeking a move-in ready, modern home without the premium often attached to brand-new builds. It’s also a practical choice for value-conscious buyers who want the benefits of a newer home (like updated systems and energy efficiency) within an established community, and for those who see potential in finishing the basement to add personalized space and value over time.
Section 2: Frequently Asked Questions
1. Is the assessed value of $30.50k accurate?
Yes, but it's important to understand that municipal assessed value for tax purposes is typically much lower than market value. The last recorded sale was for $260k in 2016. The low assessment suggests relatively lower property taxes compared to the home's actual market price.
2. How does the lot size compare?
The land area of 2,935 sqft is very close to the average for Centennial. This isn't a property with an exceptionally large yard, but it is perfectly in line with neighbourhood norms, offering standard outdoor space for gardening or recreation.
3. What does "above average" for living area mean here?
While its 1,520 sqft is above average for its specific street (where many homes are older and smaller), it is more closely aligned with the typical size of homes across Winnipeg. This indicates the home offers spacious living by the standards of its immediate vicinity.
4. The home sold for $260k in 2016. What does that tell me?
This gives a historical benchmark, but market conditions have likely changed. A key takeaway is that the home was purchased at a significant premium over its assessed value even eight years ago, highlighting the consistent disparity between assessment and market price.
5. Who might this home not suit?
Buyers seeking a character home with original architectural details or a large, sprawling lot may find it less appealing. Similarly, investors or buyers looking for a fully finished, turn-key property with a developed basement might prefer a different option, as this home requires that final touch to maximize its space.