1490 Ross Avenue W — Property Summary
Overview & Key Characteristics
This 1905-built home on Ross Avenue West offers 1,805 square feet of living space on a 2,597-square-foot lot. Its standout feature is interior space: the home ranks in the top 4% on its street for living area and top 1% within the Weston neighbourhood. The assessed value sits at $201,000, which is roughly average for the street and area but well below the citywide median of $390,100. The property is older than most comparables locally and citywide (top 98% oldest citywide), and the lot is smaller than average for the street and city.
The appeal here is straightforward but not obvious. This isn’t a home that competes on lot size, modernity, or curb appeal metrics—it competes on volumetric potential. For someone who values interior square footage over yard space, it offers significantly more room than neighbours or nearby properties, often at a lower relative price point per square foot. The assessed value suggests it may be undervalued relative to its living area compared to the broader market.
Who it suits: Buyers who prioritize indoor living space over outdoor land, and who are comfortable with an older home that may need updating. It could work well for someone looking for a larger-than-average floor plan in an established neighbourhood without paying the premium for a newer build or a large lot. Investors or flippers may also see opportunity in the gap between living area rank and assessed value rank. It’s less suited for those seeking a modern finish, a big yard, or a property that tracks closely with citywide averages.
Frequently Asked Questions
1. How does the living area compare to typical homes in Weston?
It’s significantly larger. The average living area in the neighbourhood is 936 square feet—this home is nearly double that, ranking 18th out of 1,736 properties. On its own street, it’s in the top 4% for size.
2. Is the assessed value of $201,000 reasonable for what this property offers?
It depends on your perspective. On the street and in the neighbourhood, the value is around average. But citywide, where the average comparable home is valued at $390,100, this home is well below that—despite having above-average living space. That gap can signal either an undervalued property or reflect the home’s age and condition.
3. What should I know about the year built (1905)?
The home is older than 98% of comparable properties citywide, and older than most in Weston. Older homes can offer better build quality and character, but they may also require more maintenance, updates to electrical or plumbing, and attention to insulation or foundation issues.
4. How does the lot size affect usability?
The lot is below average for the street (2,597 sqft vs. 3,468 sqft average) and well below the citywide average of 6,570 sqft. It’s a smaller urban lot, which limits outdoor expansion or large gardens but keeps maintenance low. The trade-off is more indoor square footage on less land.
5. What do the rankings actually mean for resale or investment?
The rankings show this property is an outlier: top-tier for living area, bottom-tier for year built and lot size. That can make it harder to price by comparables. For resale, the large interior is a strong selling point if marketed to the right buyer. As an investment, the low assessed value relative to living area could mean upside, but only if the home’s condition and location support it. Always verify with a physical inspection and local market data.