Property Overview & Key Characteristics
This 1,449 sqft home at 236 Fernbank Avenue in Winnipeg's Riverbend neighborhood presents a compelling mix of space and established value. Built in 1991, its primary appeal lies in its standout characteristics relative to its immediate street. The living area (1,449 sqft) and land area (5,292 sqft) are both in the elite top 5% for Fernbank Avenue, offering significantly more room than the street's averages. This creates a rare combination of a spacious interior on a generous lot within its local context. The assessed value of $425k is also above the street average, suggesting a premium, well-regarded property on its block.
The home suits buyers looking for a established, roomy property in a mature neighborhood. It’s ideal for those who value larger indoor and outdoor space over a brand-new build, and for buyers who appreciate a home that stands above its immediate peers in key metrics. A thoughtful perspective is that while the home is around average for the wider neighborhood and city, it represents a "big fish in a small pond" on its specific street—a dynamic that can offer a strong sense of value and presence.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it excels specifically on its own street. It has significantly more living space and a larger lot than most direct neighbors, while its assessed value and age are more in line with broader Riverbend and Winnipeg averages.
2. What does the sold price history indicate?
The home sold in 2021 and 2019, with the 2021 sale price placing in the top 25% for the street. This upward trend suggests growing demand or recognition of its value on Fernbank Avenue.
3. Is the assessed value a reliable indicator of market price?
The $425k assessment is a formal valuation for taxation, not a market appraisal. However, it being above the street average and aligned with city/neighborhood averages indicates it is considered a substantial property within its peer group.
4. The home was built in 1991. Is that a concern?
While newer than the Winnipeg city average, it is older than the average home on Fernbank Avenue. This typically means maintenance and updates (like roofs, windows, or major systems) should be evaluated carefully, as some may be nearing or past their typical lifespan.
5. How can I verify the exact past sold prices?
The site provides estimated price bands. To obtain exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS due to industry rules.