Property Overview: 1925 Ross Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This 2017-built, one-storey home in Brooklands offers a compelling mix of modern convenience and value. Its primary appeal lies in its relative newness within an established neighborhood; the build year is in the top 10% for Brooklands and top 5% citywide, suggesting lower immediate maintenance costs and modern building standards. The home features a renovated basement, adding valuable finished living space to the 1,014 sqft main floor.

The property suits practical, value-conscious buyers. First-time homeowners or downsizers will appreciate the single-level living and the modern build. Investors may be drawn to the significant disparity between its last sale price and its current assessed value, alongside the potential of a finished basement for rental income. A less obvious perspective is its land size: while the lot is below average citywide, it is actually around average for Ross Avenue W. This indicates the home is situated on a street of similarly scaled properties, offering a balanced footprint rather than an underutilized lot, which can be efficient for those seeking lower outdoor maintenance without sacrificing private outdoor space.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Assessed Value on the street mean?
It means this home’s assessed value is in the top 4% of 380 comparable properties on Ross Avenue W. This suggests municipal assessment views it as a high-value property relative to its immediate neighbors, which can be a positive indicator for equity.

2. Is the living space small?
At 1,014 sqft above grade, it is above the neighborhood average but below the city average. The renovated basement significantly expands the usable living area, making the total functional space more substantial than the main floor square footage alone implies.

3. Why is there such a gap between the last sale price and the current assessed value?
The home was last sold new in 2017. The increase in assessed value since then likely reflects the addition of the basement renovation and general market changes. It’s important to note that assessed value is for taxation and is not a direct market appraisal.

4. What are the implications of having no garage?
This is a trade-off for the lot size and value proposition. Buyers should budget for street parking or the potential addition of a driveway or carport, where permitted. For some, this is an acceptable compromise for a newer home in the price range.

5. How does the land size affect the property?
The 3,893 sqft lot is manageable and typical for the street. It provides adequate yard space without being burdensome to maintain. For the right buyer, this represents efficiency rather than a shortcoming, keeping property taxes in check relative to larger, underutilized lots.