664 Ross Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a character property built in 1899, located on Ross Avenue in the West Alexander neighbourhood of Winnipeg. With 1,096 square feet of living space and a 2,827 square foot lot, it sits slightly above average in size compared to other homes on its street, but below average for the neighbourhood and city overall. The assessed value of $146,000 is notably low—ranking in the bottom 3% citywide—which reflects the home’s age and likely its condition relative to newer or renovated properties in the area.
The appeal here is about potential, not polish. For a buyer who values old bones, a walkable street, and a price point that leaves room for sweat equity, this property stands out. It’s not for someone looking for a turnkey home or a modern floor plan. The low assessment suggests taxes and purchase price may be manageable, but the 1899 build date (ranking in the oldest 6% on the street) means systems, insulation, and structure should be carefully inspected. The lot is compact—smaller than both the neighbourhood and city averages—so outdoor space is limited. This suits a buyer who prioritizes location over land, or someone comfortable with a smaller yard and older home maintenance.
Five Possible FAQs
1. Is the low assessed value a sign the property is in poor condition?
Not necessarily, but it’s a strong indicator that the home hasn’t been updated in line with recent market values. Assessed values lag behind renovations, so a low number can sometimes mean a diamond in the rough—but it also often reflects deferred maintenance. A thorough home inspection is recommended.
2. How does the older construction affect insurance or renovations?
Homes built before 1900 often have knob-and-tube wiring, plaster walls, or foundation materials that insurers and contractors treat differently. You may need specialty insurance, and renovations—especially electrical or plumbing—can be more expensive due to older building methods. Confirm what’s original and what’s been updated.
3. Why is the lot size smaller than the neighbourhood average?
The property sits on 2,827 sq. ft., while the West Alexander average is 3,591 sq. ft. This is common in older, more central areas where lots were originally subdivided more tightly. It means less yard maintenance, but also less space for additions, garages, or gardens.
4. How does this property compare to others nearby on Ross Avenue?
On its own street, the home is above average in living area but below average in year built and assessed value. That suggests it’s one of the older, more modestly priced homes on a street that otherwise trends slightly newer and higher in value. It’s not the most expensive or the newest—it’s the one with the most room for upside.
5. Would this be a good rental property or a primary residence?
It could work as either, depending on your goals. As a primary residence, it’s affordable entry into a central neighbourhood. As a rental, the low purchase price could support positive cash flow, but the age and smaller lot may limit rent appreciation. A local realtor or property manager familiar with West Alexander rental demand could give a clearer picture of what monthly rents typically look like for similar units.