1582 Ross Avenue W: Property Overview
Key Characteristics & Ideal Buyer Profile
This is a 1,898 sqft property (the 898 sqft refers to the living area, with the larger figure likely including a basement or other finished space) built in 1941, sitting on a notably generous 4,467 sqft land parcel in Winnipeg's Weston neighborhood.
Where its appeal lies: The standout feature is the land. At 4,467 sqft, it ranks in the top 21% on its street and top 13% within Weston—meaning this lot is significantly larger than most nearby homes. The assessed value of $217,000 is above average for the neighborhood (top 22%) and street (top 37%), which reflects that the land itself carries weight. Meanwhile, the living area is around average for the street and neighborhood, but below average citywide. The year built (1941) is typical for Weston, which is an older, established part of the city.
What it wouldn't suit: Buyers looking for a large, modern home or a move-in-ready property with high square footage and newer finishes will likely find the living area tight and the age of the house a concern.
What it would suit: This property makes sense for someone who values outdoor space and land—perhaps a gardener, someone looking to add a garage or workshop, or a buyer who sees potential to expand or renovate in the future. It also appeals to those who prefer older homes with character and established neighborhoods over newer, uniform subdivisions. Given the assessed value is higher than many surrounding homes despite average living space, the price likely reflects land value rather than the house itself.
Five Possible FAQs
1. Why is the assessed value relatively strong if the house is small and old?
The value is driven primarily by the land. With a 4,467 sqft lot ranking in the top 13% of the neighborhood, the property commands a premium based on lot size rather than the dwelling itself. In older, established areas like Weston, land scarcity can push values up.
2. How does the living area compare to other homes in the area?
It's around average for both the street and the broader Weston neighborhood—neither notably small nor large in that context. But citywide, it's well below average (top 84% meaning most homes are larger), which is typical for older inner-city areas.
3. Is this a good candidate for a renovation or addition?
Potentially, yes. The large lot gives you room to extend the footprint or add a detached structure. However, being built in 1941, you should budget for potential structural, electrical, and plumbing updates, not just cosmetic work. A thorough home inspection is essential before planning any major changes.
4. What might the property taxes look like?
Taxes in Winnipeg are based on assessed value. With a current assessment of $217,000, you can use the city's mill rate (roughly 15–16 per $1,000 of assessed value, though this changes annually) to estimate. This falls in a moderate range for the city—lower than many newer suburbs, but higher than some smaller, older homes in the area.
5. How does this property compare to others in Weston overall?
It ranks well within the neighborhood—top 22% for assessed value and top 13% for land area. The living area and year built are both close to the neighborhood average. In short, it's a solid, representative Weston property with a better-than-average lot and value, even if the house itself is modest. The citywide rankings are less relevant here, as Weston's housing stock differs significantly from newer, larger homes elsewhere in Winnipeg.