Property Overview: 272 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 272 Ferry Road presents a practical and modern living option in Winnipeg's King Edward neighbourhood. Its key appeal lies in being a relatively new construction (built in 2013) within an area featuring many older homes, offering move-in readiness with a renovated basement. With 847 sqft of living space, it is comfortably sized for individuals, couples, or small families, ranking as average for the immediate area but below the city-wide average, highlighting its efficient use of space.
The home’s assessed value is notably above average for both Ferry Road and the King Edward neighbourhood, suggesting it is perceived as a well-maintained or updated property within its local context. However, the land area is compact at 2,492 sqft, which is below average for the area and significantly smaller than typical city lots. This translates to lower exterior maintenance but less private outdoor space.
This property would best suit first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance home in a central location. Its above-average assessment for the street and neighbourhood indicates it may appeal to those looking for a "best house on the block" scenario—a newer, updated property surrounded by more modest or older homes, which can be a savvy long-term strategy. The efficient layout and newer build are major draws for those wanting to avoid immediate major renovations.
Section 2: Frequently Asked Questions
1. Is the price reasonable for the size?
While the living space is modest, the sale history and assessed value indicate the price reflects the home’s modern condition (2013 build, renovated basement) and its standing as a newer property in the neighbourhood, rather than square footage alone.
2. What are the pros and cons of the lot size?
The compact lot means less yard work and lower property taxes, but also limited space for gardening, expansion, or large outdoor gatherings. It’s a trade-off that prioritizes low maintenance over spacious grounds.
3. How does this home compare to others on the street?
Data shows it ranks in the top 28% by assessed value on Ferry Road, meaning it is likely one of the more valuable properties on the block. Its year built (top 20%) confirms it is significantly newer than most neighbours.
4. What is the neighbourhood like?
King Edward is a mature, central neighbourhood. The mix of older homes and newer infill builds like this one suggests an area in transition, which can offer both character and potential for future value growth.
5. Who might this property not suit?
It may not be ideal for buyers seeking a large yard, extensive square footage, or a home significantly below the average assessed value for the area. It’s geared toward those who value modern construction and efficiency over sheer space.