412 Ferry Road

Property Overview: 412 Ferry Road, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2024, is a modern offering in Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a like-new property, requiring no immediate updates or renovations. The 1,356 sqft living space is notably above average for both the immediate street and the broader neighbourhood, offering more room than most nearby homes. It features a renovated basement, adding to its functional space.

The property’s standout characteristic is its exceptional assessed value ranking—it sits in the top 3% on its street and top 2% in King Edward. This suggests a strong perceived value relative to its surroundings, likely driven by its new construction and size. It would suit buyers seeking a modern, move-in-ready home who prioritize low maintenance and contemporary builds over a large yard, as the land area is more compact than typical city lots. It’s a practical choice for professionals, small families, or downsizers looking for a newer home in an established area without the premium often associated with brand-new suburban developments.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to neighbours?
The assessed value reflects the property's very recent construction (2024) and its above-average living area. As a modern home with a renovated basement, it carries a higher valuation than the neighbourhood's older, often smaller housing stock.

2. What are the trade-offs for a newer home in this area?
The main trade-off is land size. The lot is more compact than the Winnipeg average, meaning smaller outdoor private space. In return, you get a modern layout, new systems (like plumbing and electrical), and no looming replacement costs for major aging components.

3. Is the sold price history reliable?
The listed sold price is an estimated range from public data. For the exact sale price, you must request it directly from SaveOnHouse via email. They provide this detail manually and state they do not use the contact for unsolicited marketing.

4. How does the living area compare practically?
At 1,356 sqft, this home offers significantly more interior space than the average King Edward home (approx. 952 sqft). This means more room for living, working, and storage compared to most options in the immediate area.

5. What is the context of the "Elite" rankings for Year Built?
This simply means it is one of the newest homes in its comparison groups. On Ferry Road, it is the newest of 247 properties. This highlights its rarity as a recent build in a mature neighbourhood.