Property Summary: 1540 Ross Avenue W
Key Characteristics & Buyer Profile
This 998 sqft home, built in 1951, sits on a notably large 5,163 sqft lot. Its main draw is the land. While the living area is slightly below city averages (998 sqft vs. the city median of 1,342 sqft), it ranks in the top 13% for lot size on its street and top 6% within the Weston neighbourhood. The assessed value of $257,000 is also strong for the area—top 18% on the street and top 10% in the neighbourhood—suggesting the land and location are driving value more than the house itself. Citywide, however, both the value and living area rank lower (top 81% and top 74% respectively), reflecting that this property is a competitive local find rather than a standout across all of Winnipeg.
The appeal lies in the trade-off: you get a manageable-sized home with a generous, private-feeling lot in a neighbourhood where comparable homes are on smaller parcels. This would suit buyers who prioritize outdoor space over square footage—people looking for room to garden, add a garage or suite, or just have a larger yard than typical for the area. It also fits someone who values being in a solid, established neighbourhood (Weston) where values are above local averages, even if the house itself might need updates. It’s less ideal for someone wanting a modern, larger home or a high citywide resale ranking.
Frequently Asked Questions
1. Is the house small for the area?
Not really. The 998 sqft living area is around average for Ross Avenue (ranked 165 out of 380) and slightly above average in Weston (top 36%). It feels modest only when compared citywide, where many homes are larger.
2. Why is the assessed value high for the neighbourhood but low for the city?
Assessed value reflects local competition. In Weston, this property’s lot size and location push it into the top 10% of homes. Citywide, Winnipeg’s overall housing stock includes more expensive properties in pricier districts, so a $257k home naturally falls in the lower half.
3. What's the lot actually good for?
At 5,163 sqft, it’s larger than 87% of lots on the street and 94% in Weston. That gives you room for expansion (bungalow addition, garage, garden suite), parking, or simply a deep backyard. The land is clearly the asset here.
4. Is the 1951 build a concern?
The year is average for the street but older than the city median (1966). In Weston, homes are generally older (median build 1937), so this is actually newer than many neighbours. Expect typical mid-century home quirks (smaller rooms, single-pane windows likely) but nothing unusual for the area.
5. How does it compare to other homes on Ross Avenue?
It’s a strong fit for the street—above average in assessed value and lot size, average in age and living area. If you want a home that stands out locally for land and value, this is a good candidate. If you want a home that matches citywide trends, it won’t.