1560 Roy Avenue – Property Summary
Key Characteristics & Buyer Profile
This two-storey home in Winnipeg’s Weston neighbourhood offers 901 square feet of living space on a 2,597-square-foot lot. Built in 1905, it has a current assessed value of $177,000.
The property’s main appeal lies in its affordability relative to citywide averages. Both the assessed value and living area sit well below Winnipeg medians—ranking in the bottom fifth citywide—which makes it one of the more budget-friendly options in the market. On its own street, however, the living area and value are close to average, meaning it fits in with nearby houses without standing out as unusually small or expensive.
Where the home falls notably short is age. It’s one of the oldest buildings on Roy Avenue and in the neighbourhood, built nearly half a century before the street’s median home. Buyers should expect older systems, possibly limited insulation, and a floor plan that reflects early-1900s construction. The lot is also smaller than typical for the area, though not drastically so.
This property would suit a buyer who prioritizes low entry price over modern finishes, and who is comfortable with—or specifically seeking—a fixer-upper. It may also appeal to investors looking for a lower-cost rental in an established, older part of the city. It is less suitable for anyone wanting a move-in-ready home with contemporary space standards or a large yard.
Five Frequently Asked Questions
1. How does this home compare to others on Roy Avenue?
It’s roughly average for the street on living area and assessed value, but it’s among the oldest homes there. The lot size is also on the smaller side, ranking in the bottom third for the street.
2. Is the assessed value of $177,000 a realistic market price?
Assessed value is not the same as market value. It’s a tax-basis estimate. In a neighbourhood like Weston, sale prices can deviate from assessments depending on condition and demand. You should verify with recent comparable sales.
3. What are the main risks with a house built in 1905?
Older homes often have outdated electrical, plumbing, and heating systems. Insulation may be minimal. Structural issues like settling foundations or knob-and-tube wiring are possible. A thorough inspection is essential.
4. Why is the land area smaller than average for the neighbourhood?
Weston was developed in an era when lots varied more than in postwar subdivisions. This particular lot measures 2,597 square feet, which is below the neighbourhood average of 3,269 square feet. It’s typical of tighter, older infill plots.
5. Who typically buys homes in this part of Weston?
Buyers are often first-time homeowners on a tighter budget, small-scale landlords, or people who want to live close to downtown Winnipeg without paying inner-city prices. Renovators looking for a project also frequent this area.