1408 Ross Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1913-built home with 1,040 sq ft of living space on a 2,598 sq ft lot. Its appeal lies in how it compares within its immediate context. While the property is older than the average Winnipeg home (built 1966 vs. 1913), it sits in a neighborhood—Weston—where older homes are the norm (average build year 1937). The living space is slightly above the Weston average of 936 sq ft, and the assessed value of $166,000 is notably low compared to the citywide average of $390,000. This suggests a property that may offer relative affordability in a mature, established area, but also one that likely requires updates and carries the realities of an older structure and a modest lot size.

The property would suit buyers who are comfortable with an older home and value neighborhood context over citywide averages. It may appeal to first-time buyers seeking a more affordable entry point in a community with character, or to investors looking at properties in lower-assessed-value corridors. What’s less obvious is that while the house ranks in the top third for size on its street, its lot is on the smaller side for the area—so backyard space or expansion potential is limited. The low citywide percentile for assessed value (bottom 4%) could mean lower property taxes relative to newer or larger homes elsewhere, but it may also reflect the home's condition or a lack of recent upgrades.

Five Possible FAQs

1. How does the living space compare to other homes in Weston?
At 1,040 sq ft, it's about 11% larger than the Weston average of 936 sq ft. The home ranks in the top 29% for living area within the community.

2. What does the assessed value tell me about property taxes?
Assessed value is $166,000—well below the city average of $390,000. Property taxes are typically a percentage of this assessed value, so they would likely be lower than many other Winnipeg homes. That said, tax rates and adjustments vary by year.

3. Is this considered an old home for the area?
Yes, built in 1913. But within Weston, where the average build year is 1937, it's less of an outlier. The street average is 1942, so it's one of the older homes on Ross Avenue, but not unusually old for the wider neighborhood.

4. Is the lot size large enough for additions or a garage?
The lot is 2,598 sq ft—smaller than both the Weston average (3,269 sq ft) and the street average (3,468 sq ft). It ranks in the bottom 7% citywide for lot size. Future expansions or outbuildings would likely be constrained by space.

5. What do the ranking percentiles actually mean?
The ranking shows how this property compares within three ranges: its street, its community (Weston), and the entire city of Winnipeg. A higher percentile (e.g., top 29% for living area in Weston) means it's better than most others in that category. A lower percentile (e.g., bottom 96% for citywide assessed value) means it falls below most others. These are useful for understanding relative value and context, but don't replace an in-person assessment of the home's condition.