Property Overview
548 Ross Avenue is a well-maintained, one-storey home in Winnipeg's Centennial neighbourhood. Built in 1976, it sits on a larger-than-average 3,164 sqft lot. The home features 1,050 sqft of living space and includes a renovated basement and a detached garage. Its assessed value ranks highly within its immediate area, placing in the top 26% on its street and the top 9% in the neighbourhood, suggesting it is a solidly positioned property in its local market.
The appeal lies in its practicality and established setting. The renovated basement adds functional living space, while the detached garage and sizable lot offer valuable flexibility for storage, projects, or outdoor living. It suits first-time buyers looking for a move-in-ready home with room to grow, or downsizers seeking a manageable single-level layout without sacrificing yard space or storage. A thoughtful perspective is that while the home itself is average-sized, its high assessment ranking on the block indicates it is likely one of the better-kept or more improved properties in the area, offering a sense of relative value and stability.
Frequently Asked Questions
What does the high assessed value ranking mean?
It means this property’s official municipal assessment is higher than most of its immediate neighbours. This often reflects updates, additions, or overall condition compared to nearby homes, but it’s important to distinguish assessed value from market value.
Is the lot size usable?
At over 3,000 sqft, the lot is notably larger than many in urban Winnipeg. This provides a good private yard and potential for gardening, recreation, or future additions like a shed or deck, which can be rare finds in established neighbourhoods.
What is the Centennial neighbourhood like?
Centennial is a mature, central neighbourhood. It offers the convenience of older city areas with a mix of residential housing. Its established nature means well-defined streets and character, but prospective buyers should explore the specific block to gauge the setting.
Why is the living area ranked lower than the lot and assessment?
The home’s footprint (1,050 sqft) is modest relative to the lot size and its own assessed value. This highlights that the property’s value is driven significantly by its land size, renovations, and condition, rather than sheer interior square footage.
How does the detached garage impact utility?
A detached garage provides excellent storage, workshop potential, or parking protected from the elements. It also offers more design flexibility than an attached structure but requires going outdoors to access the main house.