1525 Ross Avenue W – Property Summary
Key Characteristics and Buyer Profile
This is a 779 sqft home built in 1922 on a 2,597 sqft lot in Winnipeg’s Weston neighbourhood. Its assessed value sits at $127,000. Across all four measured categories—living area, land area, year built, and assessed value—the property consistently ranks below the citywide median, and often below its own street and neighbourhood medians as well. The one relative strength is the year built: at 1922, it’s typical for the street and neighbourhood, but decidedly older than the citywide average of 1966.
The appeal here is not about size or modern finishes. This is a starter home or an investment property where the price point—rather than the square footage or lot—is the primary draw. For a buyer who values affordability over space, or who is willing to take on a renovation project in a central neighbourhood with older housing stock, this property offers entry-level access to the Winnipeg market. It would suit a first-time buyer with limited capital, an investor looking for a low-cost rental, or someone aiming to build equity through sweat equity over time. Buyers should be comfortable with a modest footprint and an older home that may require upgrades.
Five Possible FAQs
1. How does the assessed value compare to similar homes in the area?
The assessed value of $127,000 is below the street average ($200,400), the neighbourhood average ($184,700), and well below the citywide average ($390,100). On the street, it ranks in the bottom 11% by value.
2. Is the living area considered small for a house in Winnipeg?
Yes. At 779 sqft, it’s below the citywide median of 1,342 sqft. It’s also smaller than the average for its own street (1,020 sqft), though closer to the Weston neighbourhood average (936 sqft). Citywide, it ranks in the bottom 8% for living area.
3. What is the lot size, and how does it compare?
The land area is 2,597 sqft. This is below the street average of 3,468 sqft and well under the citywide average of 6,570 sqft. It’s closer to the neighbourhood median, ranking in the middle 40% there.
4. Is a 1922 home likely to have any particular maintenance needs?
Homes built in 1922 are common in Weston, but they predate modern building codes and materials. Buyers should anticipate potential issues such as aging electrical systems, outdated plumbing, foundation settling, and insulation that may not meet current standards. A thorough home inspection is recommended.
5. How does this property rank overall compared to others in Weston?
In the Weston neighbourhood (1,736 comparable homes), this property ranks near the bottom for assessed value (top 89%) and living area (top 68%). It sits around the middle for lot size (top 60%) and year built (top 59%). It is not a standout in any category, but its low assessed value may translate to lower property taxes.