Property Overview
109 Ferndale Avenue is a compact, character home in Winnipeg's established Norwood West neighborhood. Built in 1938, its key appeal lies in its manageable scale and its position in a mature, sought-after area. The home presents a practical opportunity for specific buyers, with its value anchored more in location than in size.
Key Characteristics & Appeal
The home’s living area of 960 sqft is notably below average for the street, neighborhood, and city, indicating a cozier, more efficient layout. Similarly, the land area of just over 4,000 sqft is smaller than most surrounding lots. This isn't a sprawling property; it's a modest footprint in a desirable location.
Its appeal is primarily for first-time buyers, downsizers, or investors seeking an entry point into a well-regarded neighborhood without the premium for a larger house. The assessed value of $383k sits around the citywide average, suggesting the price reflects the trade-off between a smaller home and a prime location. The home’s historical sales data shows steady appreciation, last selling between $300k-$350k in 2019. A thoughtful perspective is that the smaller size can mean lower utility costs, less maintenance, and a simpler lifestyle, which can be a significant draw for the right owner.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbors?
Yes. At 960 sqft, the living area ranks in the bottom 15-20% compared to other homes on Ferndale Avenue and in Norwood West. This indicates a more compact home on a smaller lot.
2. How does its assessed value compare?
The $383,000 assessment is around the average for Winnipeg. On its own street and in Norwood West, it ranks slightly below the local average, which is typical for a smaller home in an area of larger properties.
3. What is the property’s sales history?
It last sold in September 2019 for a price between $300,000 and $350,000. Prior to that, it sold in December 2016 for between $250,000 and $300,000.
4. Can I see the exact past sale prices?
The site provides sold price ranges. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. What is a less obvious consideration with a home like this?
While the size is below average, the year built (1938) is actually newer than many homes on the street. This could imply potentially fewer concerns associated with very early 20th-century construction, though a full inspection is always recommended.