1404 Ross Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a newer infill home in Winnipeg’s Weston neighbourhood, built in 2020. At 1,035 sqft of living space, it sits slightly above the street and neighbourhood averages, though it's notably smaller than the citywide average for comparable homes. The lot is 2,598 sqft — smaller than most homes on the street and in the area, and well below the city average.
Where this property stands out is assessed value. At $353,000, it ranks in the top 3% on its street and top 1% in the neighbourhood, suggesting recent construction and modern finishes are driving value well above older neighbouring homes. The year built is also elite-ranked citywide — this is a new build in an area dominated by pre-war housing stock.
The appeal here is less about space and more about condition and efficiency. Buyers get a nearly new home without the premium of a brand-new development, in a central, established neighbourhood. It would suit first-time buyers or downsizers who prioritize low maintenance and modern construction over square footage or yard space. It’s less ideal for someone wanting a large lot or generous room sizes — the living area is modest, and the land is compact.
Five Possible FAQs
1. How does the assessed value compare to similar newer homes in Weston?
There aren’t many direct comparables — most homes in the area are from the 1930s–1950s. The $353,000 assessment is well above the neighbourhood average of $184,700, which reflects the premium for a 2020 build. It may be one of the highest-valued homes in the immediate area relative to size.
2. Is the small lot a drawback?
It depends. For someone used to Winnipeg’s typical city lots (averaging over 6,500 sqft), this lot will feel compact. But for those moving from a condo or townhouse, or who don’t want much yard maintenance, the 2,598 sqft lot is manageable. Street parking and proximity to amenities may offset the lack of private outdoor space.
3. Why is the living area below the citywide average but ranked higher locally?
Citywide averages include larger suburban homes. Within Weston and on Ross Avenue specifically, older homes tend to be smaller, so this property’s 1,035 sqft is actually slightly above the local norm. The citywide comparison is less relevant for day-to-day livability in this area.
4. What does “Elite” ranking mean in the data?
It means the property ranks in the top 10% (or better) for a given metric within that comparison group — in this case, top 3% on the street and top 1% in the neighbourhood for assessed value. It’s a relative ranking, not a quality score, but it signals that this property is an outlier in a positive way for the area.
5. Would this home work as a rental property?
Possibly. The smaller lot and newer construction mean lower maintenance costs. Weston is an established central neighbourhood with rental demand, though the purchase price is high relative to neighbouring properties, so the return on investment would depend on achievable rent. A quick analysis of recent rental listings in the area would be worthwhile before assuming cash flow.