Property Overview: 1204 Fernbank Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2024-built home at 1204 Fernbank Avenue presents a distinct profile defined by its newness and efficient design. Its primary appeal lies in being a modern, move-in-ready property within a well-established neighborhood. With 1,375 sqft of living space, it offers a comfortable footprint that is above average for its immediate street but more compact compared to many larger, older lots in the broader Rosser-Old Kildonan area.
The standout feature is its age; it ranks in the top 1% for year built across the street, neighborhood, and city, meaning it offers contemporary construction, modern building standards, and likely minimal immediate maintenance. This is balanced by a smaller, low-maintenance lot (1,977 sqft), which shifts the value proposition from expansive outdoor space to a modern, efficient home.
This property would ideally suit first-time homebuyers, downsizers, or investors seeking a newer build without the premium often attached to brand-new, detached homes in other areas. It’s for those who prioritize a modern interior and predictable upkeep over a large yard. The assessed value of $415k is above the street average but notably below the neighborhood average, suggesting it may offer a relative value for a newer construction in this location.
Section 2: Frequently Asked Questions
1. What are the trade-offs with such a new home on this street?
The benefit is a modern home with updated systems and warranties. The trade-off is a significantly smaller lot size compared to neighbors. You’re purchasing the structure and its condition more than the land.
2. How does the smaller lot impact practicality?
It allows for very low-maintenance yard work but limits possibilities for expansions, large decks, or extensive gardening. Parking and private outdoor space will be more confined than is typical for the area.
3. The sold price range is lower than the assessed value. What does that indicate?
The sold price range (CA$350k–400k) from early 2025 suggests the market price may align with or be below the city’s assessment. This is not uncommon and highlights that assessed value is for taxation, while market value is determined by recent sales. It may indicate a purchasing opportunity relative to the assessed benchmark.
4. Is this a typical home for the Rosser-Old Kildonan neighborhood?
Not in terms of land. It’s atypical, as the neighborhood average lot size is vastly larger (~29,921 sqft). However, its living area and assessed value are more aligned with city-wide averages, making it a modern infill option in a neighborhood of older, more sprawling properties.
5. Who might this property not suit?
It may not suit buyers seeking a traditional large yard, space for future additions, or those who prefer the character and established trees of an older home. Families needing extensive outdoor play space or multiple parking spots should consider the lot size carefully.