1426 Roy Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a small, older home in Winnipeg's Weston neighbourhood that stands out for its age and affordability, not its size. Built in 1960, it is one of the newer homes on the street and in the area—ranking in the top 12% of the neighbourhood by year built. The living area is 654 square feet, well below the street average of 871 and the citywide average of 1,342. The land is also modest at 2,597 square feet, though typical for the immediate area.
The main appeal is value and lower entry cost. The assessed value of $163,000 is below the street average and significantly under the citywide average of $390,100. This property would suit a first-time buyer looking for something affordable in a central location, or an investor interested in a smaller lot with an older structure that may have renovation potential. It is less suited for someone seeking space, a large yard, or a move-in-ready family home. The strong point is relative newness in a neighbourhood of older homes—meaning the structure may need fewer immediate updates than nearby properties from the 1930s or 1940s.
Five Possible FAQs
1. Is the assessed value realistic for what the property might sell for?
Assessed value is a public benchmark, not a market price. In Weston, this property is around average compared to neighbours, but well below citywide figures. Low living area and small lot keep the assessment modest. Market value will depend on condition, renovations, and buyer competition—especially if comparable homes are selling above assessment.
2. How does the small living area affect resale potential?
Small homes can be harder to sell to families, but they often appeal to singles, couples, or downsizers. The key is whether the floor plan feels functional for 654 square feet. Buyers may also see it as a blank slate for an addition, if zoning allows. Resale will depend more on location and condition than square footage alone.
3. Is the land big enough for an addition or a garage?
At 2,597 square feet, the lot is below the Weston average of 3,269 and far below city norms. It is likely enough for a small detached garage or a modest rear addition, but not a substantial expansion. Check local setback rules and lot coverage limits before planning any changes. The lot depth and width are not provided here, so a site visit is necessary.
4. Why is the home ranked highly by year built but average by assessed value?
The year built (1960) is newer than most homes on Roy Avenue and in Weston, where many properties date to the 1930s–1950s. However, the small size and land area keep the assessed value from rising as much. In real estate, newer does not automatically mean more valuable—size, location, and condition matter more.
5. What does “comparable homes” mean in the data?
The rankings compare this property to similar residential properties within the same street, neighbourhood, or city. "Comparable" usually means single-family homes or similar dwelling types, not apartments or commercial buildings. The average figures are rough medians for that group, so they give a general sense of where this property stands relative to its peers.