Property Summary: 305 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Ferry Road in the King Edward neighbourhood presents a practical and well-positioned offering. Its key characteristics include a renovated basement, a detached garage, and 1,170 sqft of living space—a size that ranks above average for both the immediate street and the broader neighbourhood. Built in 1975, it is a relatively newer home in a city and area with many older properties, which can mean fewer concerns about aging core systems.
The appeal lies in its strong positional value. The data shows it outperforms most comparable homes on Ferry Road and in King Edward for both living area and assessed value, suggesting a good balance of space and investment for the location. While the land size is more modest compared to city-wide averages, this is typical for established neighbourhoods and translates to less exterior maintenance. The renovated basement adds immediate functional living space without the need for a project.
This property would suit first-time buyers or downsizers seeking a move-in-ready home in a central neighbourhood without the premium price of a new build. It’s also a sensible fit for value-oriented buyers who appreciate a home that metrics show is competitively sized and valued within its immediate community, even if it’s not the largest lot on the city scale.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $310,000 ranks in the top 27% on Ferry Road and the top 20% in the King Edward neighbourhood, indicating it is valued higher than many comparable properties in the immediate area.
2. Is the living space larger or smaller than typical?
At 1,170 sqft, the living area is above the average for both Ferry Road (~955 sqft) and the King Edward neighbourhood (~952 sqft). City-wide, it is closer to the average.
3. What does the sold price history indicate?
Public records show a sale in April 2016 in the $225,000 - $255,000 range. For a precise sale price, you can request the exact history via email from the listing source.
4. How does the lot size compare?
The 2,697 sqft lot is around average for Ferry Road but below the average lot size for both the King Edward neighbourhood and Winnipeg as a whole. This is common for inner-city areas and generally means less yard upkeep.
5. The home was built in 1975. Is that considered old?
For Winnipeg, a 1975 build is around the city-wide average. In the King Edward neighbourhood, where many homes are much older, it ranks above average (top 25%), making it a relatively newer construction in that context.