1850 Ross Avenue W

Property Overview: 1850 Ross Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-storey home in Brooklands, built in 1920, offering a straightforward opportunity on a notably generous lot. Its primary appeal lies in the land itself—at nearly 3,900 square feet, the property is significantly larger than most on its street and in the broader neighbourhood. This presents clear potential for expansion, gardening, or outdoor living that is harder to find in this price range.

The house is modest, with a living area of 726 sqft, and suits a specific buyer. It’s ideal for a first-time purchaser comfortable with a home that may require updates, an investor looking for a land-value play with current rental income, or a downsizer seeking a manageable footprint without sacrificing yard space. Its assessed value is aligned with area averages, suggesting a stable entry point into the market. The detached garage adds practical utility. The perspective here is that you're acquiring a location and a parcel of land, with the existing structure serving as a solid foundation to build upon—literally or figuratively.

Section 2: Frequently Asked Questions

1. What is the true value proposition here?
The value is anchored in the land size. You are purchasing a lot in the top 28% for size on Ross Avenue W, which is a tangible asset that newer infill properties often don't offer at this price point.

2. What should I budget for beyond the purchase price?
Given the home's age (106 years), prospective buyers should prioritize inspections and budget for ongoing maintenance, potential updates to mechanical systems, and energy efficiency improvements, which are common for houses of this era.

3. Is there potential for a future addition or rebuild?
The lot size certainly allows for it. Any buyer interested in expansion should first consult the City of Winnipeg’s zoning bylaws to understand setback requirements, allowable building coverage, and any specific development guidelines for the Brooklands area.

4. How does the low assessed value impact property taxes?
A lower assessed value relative to the city-wide average generally results in lower property taxes, which is a practical, ongoing cost advantage for the homeowner.

5. The home sold in 2022. What does that recent sale indicate?
The 2022 sale at $170k provides a clear, recent market benchmark. It indicates stable demand for well-priced homes in Brooklands with key lot-size advantages, and can serve as a useful reference point in evaluating current market value.