Property Overview: 304 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 304 Ferry Road presents a practical and efficient living option in Winnipeg's King Edward neighbourhood. Its key characteristic is its modern age, built in 2009, making it notably newer than most homes on its street and across the city. This suggests potentially lower maintenance and updated building systems. The home features a renovated basement and a detached garage.
The appeal lies in its value proposition. While the living space (720 sq ft) and land size (2,485 sq ft) are compact, the property's assessed value ranks above average for its immediate area. This indicates you may be paying for a newer, well-situated structure rather than sheer square footage. It suits first-time buyers or investors seeking a modern, low-maintenance property without a premium price tag. It's also a fit for those who prioritize a newer home in an established neighbourhood over having a large yard or interior space.
A less obvious perspective is that its compact size and efficient layout could mean significantly lower utility and upkeep costs compared to older, larger homes. Its above-average assessment on a street of older homes could also signal stability and a slower pace of change in the immediate surroundings.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sq ft, the living area is below the average for similar homes on Ferry Road, in the King Edward neighbourhood, and across Winnipeg. It is a compact, efficient layout.
2. Why is the assessed value considered above average for the area?
Despite its smaller size, the home was built in 2009. Its newer construction and modern amenities likely contribute to an assessed value that ranks in the top 23-28% compared to nearby properties, which are often much older.
3. What is the history of sales for this property?
Public records indicate a sale occurred in July 2021. For the exact historical sold price, you can request the information via email from the listing source.
4. How does the land size affect this property?
The lot is 2,485 sq ft, which is smaller than typical lots on the street and in the city. This means lower yard maintenance but also less outdoor private space.
5. What are comparable nearby properties like?
Nearby homes on Ferry Road vary. Direct neighbours include both older homes and one built in 2020. This mix creates a streetscape with a range of home ages and styles.