284 Ferry Road

Property Overview

284 Ferry Road is a modern two-storey home in Winnipeg's King Edward neighbourhood. Built in 2017, it stands out in an area with many older homes, offering move-in readiness with a renovated basement. Its key appeal is a combination of contemporary construction and above-average space for its immediate locale, though it sits on a smaller, more urban lot.

Key Characteristics & Appeal

This home’s primary strength is its modern age and efficient use of space. With 1,244 sqft of living area, it ranks in the top 12% for size both on its street and in the wider King Edward area, appealing to those who want more interior room without the upkeep of a century-old property. The renovated basement adds functional living space. Its assessed value is also above average for the neighbourhood, suggesting a solid perceived worth.

The property suits first-time buyers or small families looking for a low-maintenance, newer build in a central neighbourhood. It’s less suited for buyers prioritizing a large private yard, as the land area is notably smaller than most area lots. A thoughtful perspective is that this home represents a trade-off: you gain a modern structure and interior space, but sacrifice the larger lot size typical of the area. This makes it a pragmatic choice for urban living rather than a sprawling retreat.

Frequently Asked Questions

1. How does the smaller lot size impact the property?
The land area is compact at 2,490 sqft, which is below average for the street, neighbourhood, and city. This means smaller outdoor private space but potentially less yard maintenance.

2. Is the above-average assessed value a concern for property taxes?
A higher assessed value than area averages can influence property tax calculations. It’s advisable to research current tax rates for the specific address to understand the annual cost.

3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finish or permitted uses (e.g., legal suite, recreational room). Further details on the renovation scope and permits should be requested.

4. How does the 2017 build year compare to nearby homes?
This is a very new home for the area. On Ferry Road, it ranks in the top 11% by age, and citywide, in the top 5%. This typically suggests modern building standards, materials, and systems.

5. Are there recent comparable sales to gauge value?
The provided data shows a sale in July 2017 for approximately $26.5k–$29.5k. For a current market valuation, researching sales of similar nearby homes built in the last 10-15 years would be more relevant.