Property Overview
This 2019-built bi-level home at 356 Ferry Road offers a modern, low-maintenance living option in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its relative newness compared to most area homes, which typically date from the mid-20th century. This means major systems like roofing, windows, and heating are likely in good condition, offering peace of mind and potentially lower immediate repair costs. The 954 sqft living space is very typical for the immediate street and area, fitting right into the local market.
The property suits first-time homebuyers or downsizers looking for a newer, manageable home without a large renovation project. It’s also a practical choice for investors seeking a modern rental property in a stable neighbourhood. A less obvious perspective is that while the lot size is smaller than the city average, it aligns with the neighbourhood, reducing yard maintenance—a perk for those with busy lifestyles. The above-average assessed value for the street and area suggests the property is viewed favourably within its more immediate context, even if it's average city-wide.
Key Details & FAQs
- Style: Bi-Level
- Living Space: 954 sqft
- Lot Size: 3,366 sqft
- Year Built: 2019
- Basement: Yes (not renovated)
- Garage: None
1. What are the main advantages of this home being built in 2019?
The primary benefit is modern construction standards and materials. Buyers can expect newer major components (furnace, wiring, plumbing, insulation) which typically mean better energy efficiency and reliability, and a longer period before costly replacements are needed compared to much older homes.
2. Who might this property not be suitable for?
It may not suit buyers needing extensive finished space, as the basement is unrenovated. Those wanting a large garage or a very spacious yard (the lot is below the city average) might also want to look elsewhere.
3. How does the assessed value compare?
Its assessed value is above average for both Ferry Road and the wider King Edward area, but around average when compared to the entire city. This indicates it's a solid, valued property within its local market.
4. What does "bi-level" mean for daily living?
A bi-level typically has a short flight of stairs to the main living area (kitchen, living room, bedrooms) and another short flight down to a lower-level entry and basement space. This offers clear separation between living and utility/ storage areas, but involves stairs between common living zones.
5. Is the lack of a garage a significant drawback?
This depends on lifestyle. For many in urban neighbourhoods, on-street parking or a driveway (if present) is sufficient. The trade-off is more yard space and less building to maintain. Buyers with multiple vehicles or who require workshop space should factor this in.