Property Overview
23 Ferngrove Walk is a well-situated home in Winnipeg's Riverbend neighborhood. Built in 1989, it offers 1,284 square feet of living space. The property stands out for its generous 7,202 sqft lot, which is notably larger than most in the immediate area and citywide. Its assessed value of $428k is strong for its street, indicating it is perceived as a premium property within its direct peer group. Recent sale activity shows steady market interest.
Key Characteristics & Appeal
The primary appeal of this home lies in its land size and established value. The lot is substantially above average for both the street and the wider Riverbend area, offering valuable outdoor space and potential. While the living area is average for the city, the home's assessed value ranks in the top 7% on its street, suggesting desirable features or condition not fully captured by square footage alone.
It suits practical buyers looking for a solid, established home in a mature neighborhood. It’s ideal for someone who prioritizes yard space over a brand-new build, and for buyers who appreciate a property that holds a leading value position on its block—a sign of good upkeep or favorable attributes. It may also appeal to those comfortable with homes from the late '80s, understanding that some updates may be part of homeownership.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The property sold between $400k-$450k in early 2025, placing it in the top 14% of sales on its street for that period. This aligns with its above-street-average assessed value, confirming its strong standing in the immediate area.
2. Is the lot size a significant advantage?
Yes. The lot is in the top 15% on the street and top 12% in Riverbend. This provides more privacy, gardening space, and play area than typical lots in the neighborhood, and is a key asset for future resale.
3. What does the "around average" living area mean for daily life?
At 1,284 sqft, the living space is typical for Winnipeg and Riverbend. It indicates a comfortable size for a family, but not expansive. The value here comes from the efficient use of that space combined with the large lot.
4. The home was built in 1989. What should I consider?
This is an established home. While newer than the Winnipeg city average, prospective buyers should budget for potential updates common to houses of this age, such as windows, roofing, or interior finishes, and have a thorough inspection.
5. How can I verify the exact past sale price?
The site provides estimated price ranges. To obtain the exact, verified sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.