1420 Roy Avenue – Property Summary
Key Characteristics & Appeal
This is a 635 sqft home built in 1931 on a notably large 4,414 sqft lot in Winnipeg’s Weston neighbourhood. Its standout feature is the land: the lot ranks in the top 26% on the street and top 14% in the neighbourhood, well above local averages. The house itself is modest in size and assessed value—both rank below average at the street, neighbourhood, and city levels—but the assessed value of $141k is notably low even by local standards, ranking in the top 88% on Roy Avenue. The year built is slightly older than the street average (1950) but around the neighbourhood norm (1937).
The appeal lies in the land-to-price ratio. For buyers who care more about outdoor space, gardening, or future expansion potential than polished interior square footage, this property offers something rare in its price range. It would suit buyers comfortable with a smaller living area who prioritize lot size, or those looking for a project where the value is in the dirt rather than the structure. It’s less suited for someone seeking move-in-ready space or a home that compares well to citywide averages.
Five Possible FAQs
1. Why is the assessed value so low compared to the neighbourhood and city averages?
The assessed value reflects the modest living area and older construction. While the lot is large, the house itself is small and built in 1931, which keeps the overall assessment below typical comps despite the land’s relative strength.
2. Is the lot really big enough to add on to or subdivide?
At 4,414 sqft, the lot is well above the street and neighbourhood averages (3,729 and 3,269 sqft). Whether you can add on or subdivide depends on Winnipeg zoning and setback rules for this specific address, which aren’t listed here. The raw land area suggests more flexibility than most nearby properties.
3. How does the home’s age affect its condition or upkeep?
Built in 1931, it’s older than most homes on the street and citywide. That typically means older electrical, plumbing, or foundation systems. The neighbourhood average is 1937, so it’s not unusual for Weston, but a pre-purchase inspection would be wise to gauge whether major systems have been updated.
4. Does the “below average” living area rank mean the house is cramped?
635 sqft is small by current standards, but it’s worth noting that many homes from the 1930s were designed efficiently. The rankings compare it to all comps—many of which are larger, newer homes. For a single person or couple prioritizing outdoor space, the size may be perfectly workable.
5. How does “assessed value” relate to market price or what I’d actually pay?
Assessed value is used for property tax calculation and tends to lag behind market trends. A $141k assessment doesn’t guarantee the selling price will be that low—especially if the large lot attracts interest. Buyers should expect potential bidding if the property is priced near the assessed figure.