Property Overview
1295 Fernbank Avenue is a modern, well-sized home in Winnipeg's Rosser-Old Kildonan area. Built in 2023, its primary appeal lies in offering contemporary living in a settled neighborhood. The home stands out on its street for its above-average size and value, presenting a move-in-ready option with minimal upkeep concerns from the outset.
Key Characteristics & Ideal Buyer
This home's key characteristic is its balance of modern construction and generous living space. At 1,693 sqft, it is significantly larger than the average home on Fernbank Avenue, ranking in the top 3% for living area on its street. Its 2023 build date means it is newer than most homes city-wide, placing it in the top 1% for age in Winnipeg, which suggests modern building standards, energy efficiency, and little to no immediate need for major repairs.
The appeal is multifaceted. For those seeking a new home without opting for a brand-new subdivision, this property offers a recent build within an established community. The assessed value of $514k is notably higher than the street average, reinforcing its premium positioning among immediate neighbors. A thoughtful perspective is that while the home is elite on its street, it sits around the neighborhood average for value, potentially offering more house for your money compared to other parts of Rosser-Old Kildonan. It's worth noting the lot size is more compact than both street and city averages, which translates to less yard maintenance but also less private outdoor space.
This property would best suit buyers who prioritize modern interiors, space, and move-in readiness over a large yard. It’s ideal for professionals, young families, or downsizers looking for a low-maintenance, contemporary home without leaving the city. It appeals to those who appreciate being one of the newest and largest homes on the block, offering a sense of distinction within a mature streetscape.
Frequently Asked Questions
1. How does the lot size impact the property?
The land area is 2,857 sqft, which is smaller than the average for both the street and the city. This means lower maintenance and less time spent on yard work, but it also limits potential for expansions like large decks, pools, or extensive landscaping.
2. The assessed value is high for the street. What does that mean?
With an assessed value ($514k) ranking in the top 3% on Fernbank Avenue, this home is considered a premium property on its block. This typically reflects its newer construction and larger size. It's important to note that assessed value is for tax purposes; a market appraisal would determine its current sale value.
3. Is this a brand-new development area?
No. While the home itself is new (2023), the street and neighborhood are established. The average year built on the street is 2002, and the area includes a mix of older and newer homes. You're buying into a settled community, not a construction zone.
4. What are the sold price details for this home?
Public records indicate it sold between $400k-$450k in January 2023. For fully verified and exact historical transaction figures, you would need to request a manual lookup from the site, as they do not display MLS sold records.
5. How does it compare to the broader neighborhood?
Within the larger Rosser-Old Kildonan area, this home is around average for both size and value. This context suggests it offers a balanced proposition—it's not an outlier in the wider community but represents a solid, modern standard for the area.