Property Overview & Key Characteristics
This bi-level home at 358 Ferry Road presents a compelling mix of modern construction and practical living. Built in 2019, it is a notably newer property compared to most homes on its street, in the King Edward neighbourhood, and across Winnipeg. With 914 square feet of living space, it offers a manageable size that is very typical for the immediate area. The home features a basement (unrenovated) and sits on a modest, low-maintenance lot.
Its primary appeal lies in its age and condition. As a near-new build in an established area, it offers move-in readiness and modern building standards without the premium often associated with brand-new subdivisions. The assessed value is strong for the neighbourhood, suggesting good value retention. This property would suit first-time buyers seeking a modern, low-maintenance home, or downsizers looking for a newer build in a central location without a large yard to upkeep. A thoughtful perspective is that while the lot is smaller than average, this translates to less exterior work and potentially lower property taxes relative to larger parcels, aligning perfectly with a practical, lock-and-leave lifestyle.
Frequently Asked Questions
Q: How does this home's size compare to others in Winnipeg?
A: At 914 sq ft, the living area is below the Winnipeg city-wide average. However, it is very much in line with the typical size of homes directly on Ferry Road and within the King Edward neighbourhood, making it a standard offering for this specific community.
Q: What does the "Elite" ranking for the year built mean?
A: This indicates the home is newer than approximately 96% of all properties in Winnipeg. Being built in 2019, it is among the top 4% newest homes city-wide, which is a significant standout feature for maintenance and systems.
Q: The assessed value seems high for the neighbourhood but low city-wide. Why?
A: The assessment reflects the home's modern build and condition, making it above average for King Edward. Compared to the entire city, where assessments include many larger, newer suburban homes, it falls below the average. This positions it as a quality asset within its established, central neighbourhood.
Q: Is the smaller lot size a disadvantage?
A: It depends on your priorities. The lot is smaller than most in the city, which means less private outdoor space. For some, this is a drawback. For others, it represents less yard work, lower landscaping costs, and a more efficient use of space, which can be a practical advantage.
Q: What can nearby sold prices tell me?
A: The provided sold price history gives a range from 2019. For the most accurate and recent comparable sales data to inform an offer, you would need to request the exact sold prices via email, as this service provides manually verified figures not always available in public records.