Property Summary: 1480 Ross Avenue W, Winnipeg
Key Characteristics & Buyer Fit
This is a 608 sqft home built in 1954 on a 2,597 sqft lot. The property’s standout feature is its assessed value relative to the citywide average. At $188,000, it sits well below Winnipeg’s median of $390,100, placing it in the bottom 7% citywide for value. For a buyer focused on affordability above all else, that’s the main draw.
The trade-off is space. The living area is significantly below average across every comparison—street, neighbourhood, and city—ranking in the 97th percentile or lower for smallness. The lot is also compact, especially by city standards. This isn’t a home for someone needing room to grow or a large yard.
What makes it interesting is the neighbourhood context. In Weston, the assessed value is actually around average, and the year built (1954) is noticeably older than the citywide average of 1966 but newer than much of the surrounding stock. This suggests the home may be in a more modest pocket of an older area, possibly with less recent redevelopment pressure. The rankings for living area and land size are poor on the street but improve slightly at the neighbourhood level, meaning while it’s small for Ross Avenue, it’s less of an outlier in Weston as a whole.
Best suited for: First-time buyers on a tight budget, investors looking for a low-cost entry in an established neighbourhood, or downsizers who prioritize low purchase price and minimal upkeep over square footage and lot size. Not ideal for families needing space or buyers seeking a home with strong resale potential relative to citywide averages.
Five Possible FAQs
1. How does the assessed value compare to other homes in Weston?
It’s around average for the area. Ranked #695 out of 1,736 homes (top 40%), with a neighbourhood average of $184,700. So the $188,000 assessment is slightly above the local norm, even though it looks very low compared to the city as a whole.
2. Is the small living area a problem for financing or resale?
Not directly for financing, as long as the property appraises. But for resale, you’re targeting a narrow buyer pool. Homes under 700 sqft often appeal to singles, couples, or investors—not families. The citywide ranking (top 99% for smallness) means it’s one of the smallest homes in Winnipeg, which limits future buyer demand.
3. Why is the assessed value low citywide but average locally?
Because Weston’s overall home values are significantly below the Winnipeg median. The citywide average of $390,100 is pulled up by pricier neighbourhoods. Within Weston, $188k is typical. This means you’re not overpaying for the area, but you’re also not getting a hidden bargain relative to nearby homes.
4. What does the year built (1954) tell me about the condition or upkeep?
It’s older than the typical Winnipeg home (1966) but newer than much of Weston’s housing stock (1937 average). This can be a mixed signal: the home may have original features that need updating, or it could have been better maintained than neighbours’ properties. The age ranking (top 37% on the street) suggests it’s not the oldest on Ross Avenue, which might mean fewer deferred maintenance issues than some.
5. How usable is the 2,597 sqft lot?
It’s below average for the street (3,468 sqft avg) and very small by city standards (6,570 sqft avg). For a 608 sqft home, the lot is actually reasonably proportioned—about four times the footprint of the house. There’s likely a small backyard, but don’t expect room for extensive gardening, a large shed, or off-street parking for more than one car without careful planning.