Property Summary: 1932 Ross Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, no-frills one-storey home in Brooklands, built in 1952. Its primary appeal lies in its land value and potential. The lot is a generous 3,895 sqft, which is notably larger than most on its street and in the immediate area, offering space for gardening, expansion, or future development. The house itself is modest at 710 sqft of living space, with an unrenovated basement and a detached garage, indicating it's likely a fixer-upper or a candidate for significant updating.
This property would best suit a specific type of buyer: the value-driven investor, the hands-on renovator looking for a footprint to personalize, or someone seeking an affordable entry into homeownership with the security of a substantial lot. Its below-average sale and assessed value, relative to the city, point to a lower barrier to entry. A thoughtful perspective is that while the home is small, the above-average lot size for the neighbourhood provides a rare commodity—private outdoor space and future optionality—in a market where land is often the appreciating asset.
Section 2: Frequently Asked Questions
1. Is this a move-in ready home?
No. The listing notes an unrenovated basement, and the living area is significantly below average in size. Buyers should budget for updates and repairs.
2. What does the lot size ranking actually mean?
The lot is in the top 29% on its street, meaning it's larger than 71% of comparable parcels on Ross Avenue W. This is the property's standout feature compared to its immediate peers.
3. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state—a smaller, older home in need of updates. It is primarily driven by the value of the land rather than the existing structure.
4. Who might be interested in a property like this?
It appeals to investors or renovators who see value in the land and are prepared to modernize the home. It's less suited for buyers seeking a turn-key or spacious property without renovation plans.
5. How does the sale history influence the value?
The home last sold in 2019 for $14,200, which is far below typical Winnipeg prices. This historical price underscores its role as a value-based project property rather than a conventional family home, and may indicate it has been used as a long-term rental or required significant work at that time.