3532 Ferrier Street

Property Overview & Appeal

This property at 3532 Ferrier Street in Winnipeg's Rosser-Old Kildonan neighbourhood presents a unique profile defined by its land value. The lot is a standard city size at 2,025 sqft, but the home's assessed value of $10,800 is notably low, ranking at the very bottom of the neighbourhood and city-wide comparisons. This suggests the existing structure may be minimal, in need of significant renovation, or potentially a vacant lot with an address. The appeal lies almost entirely in the land itself and its location within a mature neighbourhood. It is surrounded by homes with similarly low assessments on Ferrier Street, yet is also close to properties on Skylark Lane and Duck Creek Drive with values over ten times higher, indicating a pocket of transition or varied property types.

This listing would suit a very specific buyer: an investor or owner-builder looking for a land play, a teardown project, or a long-term hold in an established area. It is not a move-in-ready home. A thoughtful perspective is that this could represent a rare entry point into a neighbourhood where most properties are far more valuable, offering potential for those willing to undertake a major project or wait for area appreciation.

Frequently Asked Questions

1. Is this a vacant lot?
The listing shows a building type, living area, and year built all as "—" (not provided), and the assessed value is extremely low. While not confirmed, this strongly suggests the property may be a vacant lot or have a structure of negligible value.

2. Why is the assessed value so much lower than nearby homes?
The homes on Skylark Lane and Duck Creek Drive are in the same broad neighbourhood but are likely modern builds on larger lots in a newer subdivision. 3532 Ferrier Street appears to be part of an older, distinct segment of the community with markedly different property characteristics.

3. What can be built on this property?
Any new construction or major renovation would be subject to the City of Winnipeg's zoning bylaws, permitting, and building codes. A buyer must investigate the specific zoning (e.g., R1, R2) to understand what is permissible for the lot size.

4. Are the utilities (water, sewer, power) connected to the site?
This is a critical due diligence question for any low-value property. Potential buyers must verify with the city and local utilities if services are available at the lot line and what connection fees or upgrades may be required.

5. What is the real market value?
The assessed value is for taxation purposes and is not an indication of market value. The sale price will be determined by what a buyer is willing to pay for the land's potential, based on recent sales of similar lots and development costs.