Property Overview: 134 Ferndale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 134 Ferndale Avenue presents a compelling mix of established character and above-average value. Built in 1909, it is notably older than most homes in its immediate area and across Winnipeg, which suggests a property with heritage charm but also implies a need for diligent maintenance and potential updates. Its primary appeal lies in its generous, above-average lot size of nearly 6,000 sq ft—a standout feature on its street—offering significant outdoor space rarely found in newer developments.
The 1,491 sq ft living area is comfortably sized and aligns with neighbourhood averages, suitable for a small family or those needing a home office or flexible spaces. The assessed value of $475k sits consistently above average for the street, neighbourhood, and city, indicating the market recognizes its premium lot and established location. It last sold in September 2022 for an estimated $450k-$500k.
This property would best suit a buyer who values a larger, private yard in a mature neighbourhood and is prepared for the stewardship of a century-old home. It’s ideal for someone looking for a canvas to personalize, whether through garden landscaping, updates, or additions, rather than a move-in-ready new build. The above-average assessment also suggests it attracts buyers viewing real estate as a long-term investment in a stable area.
Frequently Asked Questions
1. What does the above-average assessed value really indicate?
It signals that the property is valued higher than most comparable homes, likely due to its large lot and location. This can be positive for equity but may also relate to a higher property tax assessment.
2. As a 117-year-old home, what should I be most concerned about?
Prospective buyers should prioritize inspections for foundational integrity, outdated wiring or plumbing, and energy efficiency. The age suggests potential for character details but also for costly systems replacements.
3. How significant is the lot size advantage?
With a lot size ranking in the top 7% on its street, it offers exceptional outdoor space for gardens, recreation, or future expansion—a key differentiator in an older neighbourhood where lots are often smaller.
4. The home sold recently in 2022. What does that suggest?
The relatively recent sale could indicate a quick turnover, perhaps due to a life change or investment strategy. It’s worth investigating what, if any, renovations or updates were undertaken during that short ownership period.
5. How reliable is the provided sold price data?
The site notes that sold prices are based on public internet data, not the MLS, and are shown in $50k bands for non-members. For fully verified and exact historical figures, you must request a manual lookup from the site via email.