Property Overview: 296 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an affordable entry point into the market. With a living area of 872 sqft, the home is modestly sized but comparable to others on its street and within the local area. The lot, while smaller than the city average, is typical for the neighbourhood.
The property suits first-time buyers, investors, or downsizers seeking a lower-cost option with potential. Its assessed value is consistently below average across all comparisons (street, area, and city-wide), indicating a financially accessible listing. The home has an unfinished basement, no garage, and no pool, positioning it as a basic canvas. A thoughtful perspective for the right buyer is the value of its location on a street with a clear mix of older homes and newer builds (like the 2020 construction next door at 308 Ferry Road), suggesting an area in a gradual state of renewal. The recent sale history shows steady appreciation, pointing to a stable, if unspectacular, investment in a mature community.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as unfinished and not renovated, offering potential for future development or simple utility storage.
2. How does the property compare in size and value to its neighbours?
The home is very typical for Ferry Road and the King Edward area in terms of living space and age. Its assessed value, however, is below the average for both the immediate street and the wider neighbourhood, which is a key factor in its affordability.
3. What is the recent sale history?
The property sold in June 2022 for an estimated $24.5k-$27.5k and previously in September 2020 for an estimated $17.5k-$20.5k, indicating a pattern of steady value increase over the last few years.
4. What are the nearby properties like?
The immediate neighbours on Ferry Road are homes of a similar vintage and scale. Notably, a newer home (built 2020) is listed nearby at 308 Ferry Road, providing a direct contrast of old and new in the same location.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed in this data. You can request the precise history by email through the listing service, which provides the figures manually without obligation.