Property Summary: 700 Ross Avenue, West Alexander, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the established West Alexander neighbourhood. Built in 1962, it sits on a generous 3,118 sqft lot, which is notably larger than most in the area and ranks within the top 14% for lot size across Winnipeg. The home itself has a modest 885 sqft living area, but features a renovated basement and a detached garage. Its appeal lies in this combination of a sizable, valuable lot in a central location with practical updates. The property’s assessed value is relatively low compared to the citywide average, which may present an opportunity.
This home would suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance footprint without sacrificing outdoor space. It’s a practical choice for someone who values location and land potential over a large interior, and who is comfortable with a home that is functionally sound but may benefit from further modernization over time. The renovated basement adds immediate functional living space, which is a key advantage.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a listing noting a renovated basement in a home of this era usually indicates updated finishes, such as drywall, flooring, and lighting, making it suitable as a living, recreational, or utility space. It’s important to confirm the quality of the renovation and check for any underlying moisture or foundation concerns.
2. How does the 1962 build year compare to others in the area?
This home is newer than many in West Alexander, which is full of century-old properties. Its 1962 construction means it may have more modern wiring, plumbing, and insulation fundamentals than its older neighbours, though it still requires a thorough inspection for age-related updates.
3. The living area is smaller than average. Is the layout efficient?
At 885 sqft, the main floor living space is compact. The appeal is balanced by the renovated basement, which effectively doubles the usable area. Buyers should consider if the main-floor layout suits their daily needs and how they would utilize the basement space year-round.
4. Why is the assessed value significantly lower than some nearby properties?
Property assessments are based on mass appraisal techniques and may not reflect recent renovations or current market premiums for fully updated historic homes. This assessment, combined with the large lot, can indicate a property with a strong value foundation relative to its price.
5. What is the neighbourhood character of West Alexander?
West Alexander is a central, diverse neighbourhood with a mix of historic homes, apartments, and local businesses. It offers convenience and connectivity. The specific block on Ross Avenue appears to be primarily residential, but as with any central urban area, it’s wise to visit at different times to gauge street activity and noise levels.