Property Overview: 125 Ferry Road, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard-sized lot in Bruce Park. Its key features include a renovated basement and a detached garage. The primary appeal lies in its position as an efficient, lower-maintenance property within a mature neighbourhood. The data suggests it is a modest home by both neighbourhood and city-wide standards, particularly in terms of living space (864 sqft) and assessed value.
This property would best suit a first-time buyer, an investor, or someone looking to downsize, seeking an affordable entry into a central Winnipeg neighbourhood. Its relatively low assessed and recent sale value indicates a lower financial barrier to entry. The renovated basement adds functional living space, which is a significant asset in a smaller home. A thoughtful perspective is that while the home is below average in size for Bruce Park, this can translate to lower utility costs and less upkeep, aligning with a simpler, more efficient lifestyle. It represents an opportunity to own a character home with modern updates in a well-established area without a premium price tag.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. With 864 square feet of living area, it is notably more compact than the average home in both the Bruce Park neighbourhood and Winnipeg overall. This makes for efficient living but requires thoughtful space planning.
2. What does the "renovated basement" include?
The listing confirms the basement has been renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent, as it could provide valuable additional living, storage, or utility space.
3. How does the lot size compare?
At 3,617 sqft, the land area is very close to the average for other homes on Ferry Road itself. However, it is smaller than the typical lot in the broader Bruce Park area, which often features larger properties.
4. Why is the assessed value significantly lower than the city-wide average?
The assessed value reflects the home's modest size, age, and specific characteristics relative to the broader market. It is consistent with similar-sized properties in other neighbourhoods and indicates a proportionally lower property tax burden.
5. The home was built in 1918. Should I be concerned about maintenance?
While the age suggests potential for older components, the key detail is the renovated basement, indicating some updates have been made. A thorough inspection would be essential to understand the condition of major systems (roof, wiring, plumbing, foundation) common to homes of this era.