Property Overview: 422 Ferry Road, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 990 sqft bi-level home at 422 Ferry Road is defined by its modern foundation and efficient footprint. Built in 2017, it is a notably newer construction compared to most homes in the King Edward neighbourhood and across Winnipeg, offering contemporary building standards and minimal immediate maintenance concerns. The home features a renovated basement, adding to its functional living space. Its assessed value ranks above average for both the street and the neighbourhood, suggesting a perception of solid value within the local market.
The primary appeal lies in this modern move-in readiness within an established area. It suits first-time homebuyers or downsizers seeking a low-maintenance, newer home without a premium suburban price tag. The efficient size and layout are ideal for those who prioritize simplicity and modern systems over expansive square footage. A thoughtful perspective is the lot size: at 2,456 sqft, it is significantly smaller than typical city and neighbourhood lots. This translates to very manageable yard upkeep, which is a notable advantage for buyers seeking minimal exterior maintenance, but less ideal for those dreaming of extensive gardens or outdoor space.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the city and neighbourhood, it means significantly less yard work and lower associated costs. The trade-off is limited private outdoor space, making the home better suited for those who prefer low-maintenance living or utilize nearby public parks.
2. The assessed value seems high for the neighbourhood. Why?
The above-average assessment for King Edward is likely directly tied to the home's modern year of construction (2017) and renovated basement. These features are uncommon in the area, where most homes are decades older, thus commanding a higher valuation from the assessor.
3. Is the living space sufficient for a small family?
At 990 sqft, the living area is around the neighbourhood average. The bi-level design with a renovated basement effectively creates two distinct living floors, which can help maximize the footprint. It is workable for a small family, but those needing multiple large bedrooms or dedicated playrooms may find it compact.
4. What are the implications of having no garage?
The lack of a garage is common for many older neighbourhoods. Buyers should plan for street parking and consider the investment for a shed or alternative storage solutions for tools and seasonal items. The newer construction, however, may include a modern driveway or pad not explicitly mentioned in the brief data.
5. The sold price history shows a range. What is the exact figure?
The provided data shows a sold price range from late 2020. To obtain the exact historical sold price, you must request it directly via the email system provided on the listing page. This is a manual process the site uses to provide accurate data while managing user contact.