Property Overview & Key Characteristics
This 1989 bi-level home at 242 Ferry Road in Winnipeg's King Edward neighbourhood presents a practical, entry-level opportunity. Its key appeal lies in being a relatively modern home in a city with many older properties, offering a renovated basement and a detached garage. At 714 sqft, the living space is compact, ranking below average for the area, which suggests a focus on efficient, low-maintenance living rather than spaciousness. The assessed value is around average for its immediate vicinity, indicating a fair market positioning.
The property would suit first-time buyers or investors looking for a manageable footprint with modernized essentials. Its smaller lot size (2,498 sqft) means less yard work, appealing to those seeking a home base without extensive outdoor upkeep. A thoughtful perspective is that its newer construction (1989) likely means fewer immediate major repair concerns compared to the neighbourhood's many century-old homes, potentially offering peace of mind over pure square footage. It’s a home for pragmatic buyers who value a renovated condition and a simpler footprint over size.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area is 714 square feet, which is below the average for homes on Ferry Road, in the King Edward neighbourhood, and across Winnipeg. This indicates a compact, efficient layout.
2. Is the assessed value typical for the area?
Yes. The assessed value is around the average for comparable homes on Ferry Road and in King Edward, though it is below the city-wide average. This suggests it is priced consistently within its immediate market.
3. What are the advantages of a 1989 build year in this neighbourhood?
King Edward has many homes built in the early 1900s. A 1989 build is significantly newer, often implying more modern construction standards, wiring, and plumbing, which can reduce the likelihood of major, costly updates.
4. What is the lot size, and what does it mean for maintenance?
The lot is 2,498 sqft, which is below average for the area. This typically translates to less yard maintenance, which can be a benefit for owners seeking a lower-maintenance property.
5. Where can I find the exact historical sold price?
Exact sold prices are not publicly displayed. You can request the precise sale history by emailing the listing service; they provide the information manually without using your email for unsolicited marketing.