1096 Fernbank Avenue

Property Overview: 1096 Fernbank Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This property on Fernbank Avenue in the Rosser-Old Kildonan area presents a distinct profile defined by its value proposition. Its key characteristic is a notably low municipal assessed value of $113k, which is significantly below average for the street, neighbourhood, and city. The lot size of 2,360 sq ft is fairly typical for the street but is smaller than most lots in the wider area. Specific data on the home's living area and year built is not provided in the available details.

The primary appeal lies in its position as an entry-point opportunity. It suits buyers with a focus on land value and potential, rather than a move-in ready home. This could be ideal for an investor looking for a hold property, a buyer with renovation skills seeking a project, or someone prioritizing low property tax burdens. A less obvious perspective is that a home with such a low assessment in a neighbourhood where comparable averages are much higher may indicate either a significant opportunity for value addition or a property with specific conditions that require careful due diligence.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the area averages?
A significantly lower assessment can be due to several factors, including a smaller or older structure, required major repairs, or unique property characteristics. It is essential to investigate the specific reasons through a viewing and potentially a professional inspection.

2. Is there any sales history available for this home?
According to the provided data, no sales history is displayed for this listing. The source notes that exact historical figures can be requested manually from the site operators, as they do not publish MLS sales records.

3. How does the lot size compare to nearby properties?
At 2,360 sq ft, the lot is around average for Fernbank Avenue itself but is considered below average when compared to the larger lots typical in the broader Rosser-Old Kildonan area.

4. What can the listed "comparable home" averages tell me?
The averages shown (e.g., $375.5k on the street, $544.7k in the area) are benchmarks for comparable homes used in the assessment. The large gap between these figures and this home's $113k assessment highlights that this property is not currently evaluated on par with those averages, underscoring its atypical nature.

5. Who should I contact for verified sale prices and complete history?
The data source states that fully verified transaction histories and exact sale prices are not automatically displayed. They must be requested directly via email for a manual lookup, as the site does not incorporate MLS copyright data.