1470 Ross Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s Weston neighbourhood. At 597 square feet of living space, it is significantly smaller than the average home on the same street (1,020 sqft), in the neighbourhood (936 sqft), and citywide (1,342 sqft). The assessed value of $106,000 is well below the street average of $200,400 and the citywide average of $390,100. The property sits on a 2,597 sqft lot—slightly smaller than the neighbourhood median of 3,269 sqft, but roughly average for the immediate area. Built in 1905, it is among the older homes on the street.
The main appeal is affordability. This is one of the lowest-priced properties in its street, neighbourhood, and the city as a whole. The small footprint and older construction mean lower upfront costs, but also limited space and probable maintenance needs. It would suit a buyer with a tight budget who is comfortable with a fixer-upper or a smaller living space, and who values location over square footage. Investors looking for a low-cost entry into the Weston market might also see potential, provided they factor in the age and condition of the structure. Less obviously, the property’s relatively small lot—while below average on the street—is actually close to the neighbourhood median, suggesting that density here is typical for the area rather than an outlier. This could make it a practical choice for someone who wants a modest yard without the upkeep of a larger lot.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $106,000 is well below both the street average ($200,400) and the neighbourhood average ($184,700). It ranks near the bottom citywide, making it one of the most affordable properties in Winnipeg by this metric.
2. Is the small living area a dealbreaker for resale?
It depends on the buyer pool. Homes this compact are a niche market, often appealing to singles, couples, or small households. Resale may take longer than average, but low price point can compensate. The trend toward smaller, more efficient homes in some urban markets could work in its favour over time.
3. What does “year built 1905” mean for maintenance?
Older homes typically have older systems (plumbing, electrical, foundation). While many 1900s-era houses in Weston have been updated, a 1905 build often requires more frequent inspections and potentially higher renovation costs. A pre-purchase inspection is strongly recommended, particularly for the roof, wiring, and basement.
4. How does the land area affect future development potential?
At 2,597 sqft, the lot is smaller than the street average but typical for the neighbourhood. This limits major additions or subdivisions, but the lot could still accommodate a modest extension or a detached garage. Check local zoning before planning any changes.
5. Why is the property ranked so low citywide despite being average in its neighbourhood?
The rankings compare the property to a broad citywide pool of homes, which includes newer, larger, and higher-value properties. Within Weston, the lot size and assessed value are more typical—the citywide ranking mainly reflects how small and old the home is relative to the rest of Winnipeg.