1422 Ross Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a small, older home in Winnipeg’s Weston neighbourhood, built in 1909. The living area is 600 square feet, which is well below average for its street, neighbourhood, and city. The land area is 2,598 square feet—around average for the street and neighbourhood, but still below the citywide norm. The assessed value is $106,000, significantly lower than comparable homes in all three scopes.
The property’s main appeal is its low price point. It ranks in the bottom percentile for assessed value citywide, which means it’s one of the most affordable properties in Winnipeg. For a buyer looking for a modest entry into homeownership, or someone willing to put sweat equity into a small space, this could be a practical starting point. The lot size is reasonable for the area, leaving some room for expansion or outdoor use, though the house itself is compact. This would suit a first-time buyer with a tight budget, someone who doesn’t need much square footage, or an investor looking for a low-cost renovation project in a working-class neighbourhood. Less obviously, it might also appeal to someone downsizing who wants a very small footprint and doesn’t mind an older home’s character, provided they’re ready for the maintenance that comes with a 1909 build.
Five Frequently Asked Questions
1. Why is the assessed value so low compared to other homes?
The value reflects the home’s age, small living area, and location in a lower-priced part of the city. Being built in 1909 means it likely has older systems and may need updates. The low square footage also limits its market comparison to larger, more modern homes.
2. Is the land area big enough for additions or a garage?
At 2,598 square feet, the lot is average for Weston and larger than many city lots, but still modest. You could potentially add a small garage or a modest extension, but you’d need to check local zoning and setback rules. It’s not oversized, so any additions would be compact.
3. How does the age of the home affect insurance and maintenance?
Homes from 1909 often have knob-and-tube wiring, older plumbing, and possible foundation issues. Insurance can be higher or harder to get if systems aren’t updated. Maintenance costs may also be higher due to aging materials—expect to budget for potential upgrades to electrical, heating, and roofing.
4. What does the ranking “Top 99%” citywide really mean?
It means the home ranks in the bottom 1% of all comparable homes in Winnipeg for that metric. For living area and assessed value, this is a very low ranking—it tells you the property is unusually small and inexpensive by city standards. It’s not a positive ranking in terms of size or value, but it does highlight affordability.
5. Is this a good investment property?
It could be, if you buy it at the right price and factor in renovation costs. The low purchase price leaves room for profit after fixes, but the small size limits resale value. In Weston, rental demand exists, but rents will be modest. The key is whether you can add value without overspending on a 600-square-foot home.