Property Overview: 213 Ferndale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,411 sqft home, built in 1939, presents a classic Norwood West character property with a modern financial profile. Its assessed value of $460k sits consistently above average for its street, neighbourhood, and the wider city, suggesting it is a well-maintained or updated home in a desirable location. The living space is typical for the area, offering comfortable family-sized accommodation.
The appeal lies in this balance of established character and strong valuation. While the lot size is modest compared to neighbours, this often translates to less yard maintenance. The home’s above-average assessment, especially on a street where homes average $413k, indicates it likely offers premium features or condition within its peer group. It would suit buyers looking for a move-in ready character home in a mature neighbourhood, who value a property with a strong fiscal footprint over a large yard. A thoughtful perspective is that the smaller lot may offer a more manageable outdoor space, appealing to those seeking community amenities over private gardening space.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($460k) is above local averages and used for property tax calculation, market conditions ultimately determine sale price. It is a strong benchmark indicating the home is considered a premium property in its area.
2. How does the smaller lot size impact the property?
At 4,198 sqft, the lot is below average for the street and area. This means less private outdoor space but typically reduces maintenance. It’s a practical trade-off that can be ideal for busy professionals or those who prefer community parks.
3. What should I consider with a home built in 1939?
Homes of this era often feature solid construction and character details. Buyers should pay close attention to the condition of major updates, such as wiring, plumbing, windows, and the roof, to understand any future investment needed.
4. The home sold recently in 2022. What does that history imply?
The previous sale (between $250k-$300k in late 2022) suggests significant equity gain or substantial improvements were made in a short time. Requesting the exact sale price history can clarify the property’s recent financial trajectory.
5. How does this home compare to others on Ferndale Avenue?
It has a more recent build year than the street average (1939 vs. 1929), slightly less living area, a significantly smaller lot, but a notably higher assessed value. This profile suggests a well-updated home on a more compact parcel.