1392 Ross Avenue W — Property Summary
Key Characteristics & Buyer Profile
This home offers a rare combination in Winnipeg’s Weston neighbourhood: a relatively new build (2005) in an area where most homes date back to the 1930s and 1940s. The living area is 1,080 square feet—slightly above the street and neighbourhood averages, though below the citywide median. The assessed value is notably low for its age and size, sitting well below street, neighbourhood, and city averages. The land is compact at 2,598 square feet, which is typical for the immediate area but well below the citywide norm.
The appeal here is less about curb appeal or lot size and more about value and newness. Buyers get a modern home in an older, established neighbourhood—without paying a premium for it. The low assessed value suggests either limited recent renovations or a quieter market segment, which could mean less competition. This property would suit first-time buyers looking for a move-in-ready home with lower carrying costs, or investors seeking a property with potential for equity growth in a location where newer stock is scarce. It’s less suited for buyers wanting a large yard or a home in a high-appreciation corridor.
Frequently Asked Questions
1. Why is the assessed value so low compared to similar homes on the street?
The property ranks in the bottom 4% on its street and bottom 1% citywide for assessed value. This could be due to minimal updates, a less desirable interior layout, or the home not having had a recent reassessment triggered by a sale. It’s worth confirming whether the assessment reflects actual condition or is simply lagging.
2. Is a 2005 build considered “new” for this neighbourhood?
Yes. Most homes in Weston were built in the 1940s or earlier. This property is newer than 93% of homes on the same street and 85% citywide, making it one of the newest in the area.
3. How does the land size affect usability or resale?
The lot is 2,598 square feet—smaller than the street and neighbourhood averages, and well below the citywide typical lot. That means limited outdoor space, no room for expansion, and possibly less curb appeal for buyers who prioritize yard size. However, it also means less upkeep and lower property tax.
4. What does “Top 30%” for living area actually mean?
It means the home is larger than 70% of comparable homes on the same street. For a 2005 home, this is expected—newer builds tend to have more efficient, open floor plans. It’s not a standout, but it’s solid.
5. Should I be concerned about the low assessed value affecting future resale?
Not necessarily. A low assessment can mean lower property taxes, which is a benefit while you own the home. But if the assessment is too far below market value, it could signal that the home hasn’t been updated or that the area has suppressed prices. It’s worth getting a comparative market analysis from a local agent to understand whether the assessment is accurate or undervalued.