Property Overview: 310 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Ferry Road in the King Edward neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Its key characteristics are defined by its age and scale: built in 1912 with 966 sqft of living space on a 2,484 sqft lot. A recently renovated basement and a detached garage are noted features.
The primary appeal lies in its value proposition within its immediate context. While its size and lot are below the city-wide average, they are much more aligned with—and in some cases above—the averages for King Edward and Ferry Road itself. This suggests the home is a typical, well-proportioned offering for this established, central area. The assessed value is notably lower than many city-wide comparisons, indicating a potentially manageable property tax burden and an opportunity for buyers sensitive to ongoing costs.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, character home in a central location without a premium price tag. It appeals to those who value location and function over size, and who may see potential in a home that is already partially updated (with the renovated basement) but may benefit from further modernization.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It reflects the home’s age, size, and local market conditions rather than condition alone. It results in lower property taxes, which is a financial advantage for the owner.
2. How does the lot size impact living here?
At roughly a quarter of an acre, the yard is compact. This means lower maintenance, which is a plus for many, but offers limited space for expansive gardens or large additions.
3. The home is over 110 years old. What should I consider?
While the renovated basement is a positive, the core structure and major systems (like plumbing, electrical, and the foundation) are likely original or older. A thorough inspection is essential to understand any needed updates or repairs.
4. The sold price history shows significant appreciation. Is this trend reliable?
The data shows a sharp increase in sale price between 2017 and 2024. While this indicates strong local market growth, past performance does not guarantee future gains. It does, however, underscore the area’s increasing desirability.
5. Who are the typical neighbours?
The nearby mix includes century-old homes like this one and very new constructions (like the home at 308 Ferry Road, built in 2020). This suggests a neighbourhood in a gradual state of renewal, which can be a positive dynamic for long-term value.