Property Overview: 309 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character property in Winnipeg's King Edward neighbourhood. With 939 square feet of living space and a full (unrenovated) basement, it sits on a 2,697 sqft lot. The home lacks a garage or pool. Its assessed value is notably modest compared to the Winnipeg city-wide average, but it aligns more closely with the averages for Ferry Road and the King Edward area.
The primary appeal lies in its position as an affordable, no-frills entry point into homeownership. It suits first-time buyers, investors, or downsizers comfortable with a home that requires updates. A thoughtful perspective is its relative size: while below the city average, the living area is quite typical for its immediate street and neighbourhood, suggesting it fits the local housing fabric well. Its age, while significant, is not uncommon for the area, offering authentic charm but implying a need for attention to maintenance and systems. The lot size, while smaller than many city properties, is efficiently proportioned for low-maintenance living.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value ($22,600) is a municipal figure for tax purposes and is typically well below market value. Recent sold price data for the area suggests market value will be higher, but it indicates a property in a lower price tier.
2. Is the unrenovated basement a major concern?
It represents both a drawback and an opportunity. It may lack modern finishes or have moisture concerns common in older homes, requiring inspection. However, it also provides blank-canvas storage or future living space for a buyer willing to invest in renovations.
3. How does the property truly compare to others nearby?
The data shows it's very average for Ferry Road and King Edward in terms of size and value, but its construction year is among the oldest. This means you're buying a typical home for the block, but one with more historic character—and likely more upkeep—than some peers.
4. What are the implications of not having a garage?
This limits secure storage and off-street parking. Buyers should assess street parking availability and consider the cost of adding a shed or parking pad if needed.
5. The sold price history shows a sale in 2016. What can be inferred?
The previous sale price range (approximately $16.5k-$19.5k) and the current assessed value indicate the property has held or slightly increased in its tax-assessed value over nearly a decade, but market conditions have likely shifted significantly. This history primarily confirms it has been a stable, low-value asset in the area.