Property Overview: 345 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 345 Ferry Road presents a practical and straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its modern build date (2012), making it significantly newer than most homes on its street, in the area, and across the city. This suggests potentially lower maintenance costs and more contemporary building standards compared to the century-old homes common in the area.
The appeal lies in its position as an affordable, entry-level property. With 845 sqft of living space and an unrenovated basement, it offers a compact footprint with room for future customization. It sits on a modest, manageable lot. The home suits first-time buyers seeking a modern structure without a premium price tag, or investors looking for a relatively new rental property in a central location. A thoughtful perspective is that while its size is below the city average, its newer construction in an established neighbourhood offers a unique blend of modern convenience and mature community setting, avoiding the trade-offs often found in older, similarly priced homes.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others?
Based on assessed value, this property is very typical for its immediate area and street, ranking near the middle. However, its assessed value is below the citywide average, highlighting its affordability within Winnipeg.
2. What are the implications of the "unrenovated basement"?
This indicates the basement is functional but in its original state from 2012. It presents a blank canvas for finishing to add living space, but any work would be an additional investment for the buyer.
3. Is the lot size a concern?
The land area is smaller than most in the King Edward neighbourhood and significantly smaller than the Winnipeg average. This means lower exterior maintenance but offers limited space for expansions, large gardens, or extensive outdoor amenities.
4. How reliable are the recent sold price estimates shown?
The listed sold price range (e.g., $31.50k ~ $34.50k for 1/2025) is an approximation from public data. For the exact sale price, you must request it directly via the provided email service.
5. What is the neighbourhood context of King Edward?
The provided data shows homes here are typically older (often from the early 1900s) and have smaller lot sizes than the city average. This property stands out for its newer construction while being situated in a historic, central community.