Property Overview: 1845 Ross Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home on a standard city lot in the Brooklands neighbourhood. Built in 1944, its key characteristic is its land: at 3,897 sqft, the lot size is above average for Ross Avenue West and typical for Brooklands, offering a good outdoor canvas relative to the home’s compact 783 sqft living area. The home has a detached garage.

Its primary appeal lies in its position as an entry-point property or a land-value opportunity. With a historically low sale price and assessed value, it represents one of the most accessible price points in the city. It suits a specific type of buyer: hands-on investors or renovators looking for a footprint to build upon, or very budget-conscious first-time buyers willing to trade modern finishes and space for ownership. The lot size suggests potential for expansion or outdoor use that is less common in newer, denser subdivisions. It’s a pragmatic choice for those focused on location and land over the existing structure.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the average home?
The assessed value reflects the property’s market position based on its very small living area, age, and recent sale price. It is assessed significantly below averages for the street, neighbourhood, and city, indicating it is considered a limited or fixer-upper property in its current state.

2. Is the land large enough for an addition or rebuild?
The 3,897 sqft lot is above average for the immediate street and is a standard residential size in Brooklands. While subject to zoning bylaws, the lot provides a reasonable foundation for future expansion or redevelopment compared to newer, narrower lots.

3. What does the "Top 75%" ranking for Land Area mean?
This metric means the property’s lot size is larger than 75% of comparable properties on the same street. In simpler terms, while the house itself is small, the lot is one of its stronger assets relative to its direct neighbours.

4. Who would this property not be suitable for?
It would not suit buyers seeking move-in-ready condition, modern layouts, or ample indoor living space. Given its size and era, it may also be challenging for families or those unable to undertake updates or renovations.

5. The last sale price was very low. What should I consider?
The 2019 sale price of $9,600 is a significant outlier. It is essential to understand the circumstances of that sale (e.g., condition, market timing) and to rely on a current market evaluation. This history underscores the property’s role as a value-play rather than a conventional home sale.