1507 Ross Avenue W

1507 Ross Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 962 sqft home on a 2,597 sqft lot, built in 1894, located in Winnipeg’s Weston neighbourhood. Its assessed value is $128,000.

The property’s main appeal is affordability at a price point well below street, neighbourhood, and city averages. It sits in the bottom 12% of assessed values on its street and in the neighbourhood, and the bottom 2% citywide. For a buyer focused on low entry cost rather than space or modernity, this is a clear standout.

However, the trade-offs are significant. The living area is roughly average for the street and neighbourhood but falls well short of the citywide norm. The land is compact—below average on the street and citywide, though more typical for Weston. The year built (1894) places it among the oldest homes on the street, in the neighbourhood, and in Winnipeg, meaning maintenance and older systems are near-certainties.

This property would suit a buyer with a tight budget who values location in Weston over square footage or a newer build. It may also appeal to someone looking for a renovation project on a modest lot, or an investor seeking a low-cost entry into the market. It is less suited to buyers wanting move-in-ready space or a larger yard.

Frequently Asked Questions

1. How does the assessed value of $128k compare to similar homes?
   It’s significantly below average. On Ross Avenue, the average assessed value for comparable homes is about $200k. In the Weston neighbourhood, it’s roughly $185k. Citywide, comparable homes average $390k. This property ranks in the bottom 2% citywide by value.

2. Is the living area small for this area?
   The 962 sqft is close to the street and neighbourhood averages (1,020 sqft and 936 sqft, respectively). It’s below the citywide average of 1,342 sqft, but not unusually small for Weston.

3. What should I know about a home built in 1894?
   This is an older home by any measure. On its street, the average build year is 1942; neighbourhood-wide it’s 1937; citywide it’s 1966. You can expect older construction methods, possible maintenance needs, and systems that may lack modern efficiency. A thorough inspection is strongly recommended.

4. The land is 2,597 sqft—is that a typical size for the area?
   It’s below average on the street (3,468 sqft) and citywide (6,570 sqft), but more in line with what’s typical for the Weston neighbourhood, where the average lot is 3,269 sqft. It ranks in the top 60% locally.

5. How do the rankings work, and what does “Top 48%” mean?
   Percentile rankings compare this property to others in the same category. For living area, “Top 48%” means it is larger than 48% of comparable homes on the street—so slightly below the middle. For assessed value, “Top 88%” means it’s lower in value than 88% of homes (i.e., it ranks lower). The “Avg” figure is a rough median for comparison.