Property Overview: 365 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 365 Ferry Road in King Edward presents a practical and updated living space. Its key characteristic is a recently renovated basement, adding valuable finished square footage to the 1,020 sqft living area. Built in 1989, it is a notably newer construction compared to many homes in the neighbourhood and across Winnipeg, which often translates to fewer immediate concerns with aging infrastructure.
The appeal lies in its position as a solid, modernized entry-point into the market. It suits first-time buyers or investors looking for a move-in-ready property without the premium of a brand-new build. The home holds its value well within its immediate area and street, ranking above average for assessed value in the King Edward neighbourhood. A thoughtful perspective is that while the lot size is smaller than the city average, it offers manageable upkeep—a benefit for those seeking a low-maintenance yard without sacrificing outdoor space entirely. It would not suit buyers looking for extensive garage parking, a pool, or a large lot for expansion.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,020 sqft, the living area is very close to the average for both Ferry Road and the wider King Edward neighbourhood, offering standard space for the area.
2. What does the assessed value indicate?
The assessed value of $29,400 is above the neighbourhood average, which can reflect the renovated condition and newer build year. It’s important to note this is a value for taxation, not a market price, but it suggests the property is in good standing relative to its peers.
3. Is a 1989 build considered old?
Not in this context. This home is decades newer than the typical Winnipeg house (avg. 1966) and much newer than the King Edward average (avg. 1948). This often means more modern wiring, plumbing, and insulation.
4. What are the implications of the smaller lot size?
The 2,693 sqft lot is below average for the city but typical for the area. It means less yard maintenance but also less room for large additions, decks, or gardening. It emphasizes efficient use of space.
5. Where can I find the exact historical sale price?
The listed sale range is based on public data. For precise sale figures, you must request the information directly via the email link provided on the listing page, as the details are verified and shared manually.