3544 Ferrier Street

Property Overview: 3544 Ferrier Street, Winnipeg

Key Characteristics & Appeal

This property at 3544 Ferrier Street in the Rosser-Old Kildonan neighbourhood presents a distinct value-oriented profile. Its key characteristic is a very low municipal assessed value of $108,000, which is significantly below averages for the street, neighbourhood, and city-wide comparables. The lot size is a compact 2,025 sq ft, also well below area norms, suggesting a modestly scaled home. There is no sales history or specific data on living area and year built provided for this listing.

The primary appeal lies in its position as an entry-point opportunity in the Winnipeg market. It suits buyers with a limited budget seeking a foothold in homeownership, or investors looking for a low-cost asset with potential for renovation or rental. A less obvious perspective is that a home with such a low assessment in a neighbourhood of higher-valued properties could indicate either a significant fixer-upper opportunity or a property with unique circumstances, necessitating thorough due diligence. It may also appeal to those seeking minimal property maintenance due to the smaller lot size.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
A significantly lower assessment can be due to several factors, including a smaller home size, a need for major updates or repairs, or unique property features. Obtaining the exact figures and a property condition report is essential to understand the specific reasons.

2. Is there any sales history available for this home?
According to the listing, no sales history is shown through this service. The exact sale price history can be requested manually from the provider via email.

3. What does the lot size comparison mean for me?
With a lot size of 2,025 sq ft, this property has a much smaller footprint than typical lots in Rosser-Old Kildonan. This could mean lower exterior maintenance but may limit potential for expansions, additions, or extensive outdoor space.

4. How reliable is this data?
The data is sourced from public records and is stated to be reasonably reliable but not guaranteed. It is not from the MLS. For fully verified figures and a complete transaction history, a manual lookup through a real estate professional is recommended.

5. What should my next step be if I'm interested?
Given the data gaps and the value discrepancy, the critical next steps would be to view the property in person, request the exact historical data, and commission a professional home inspection to understand the property's true condition and value.