Property Overview: 351 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 351 Ferry Road in King Edward presents a compelling mix of modern convenience and value. Its key characteristic is its age: built in 2017, it is a notably newer construction compared to most homes in the neighbourhood and city-wide, ranking in the top 5-11%. This translates to less immediate concern for major system replacements and potentially more contemporary building standards. The home features a renovated basement and approximately 993 sqft of living space, which is quite typical and functional for the immediate area.
The appeal lies in its position as a low-maintenance, move-in-ready property within a mature neighbourhood. It suits first-time buyers seeking a modern home without a suburban price tag, or downsizers who want single-level living (with the basement providing extra space) without the upkeep of an older character home. A thoughtful perspective is that while the lot size is smaller than average, this reduces yard maintenance—a practical perk for busy professionals. Its above-average assessed value for the street and neighbourhood suggests it is perceived as a solid asset within the local market.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 993 sqft, the living area is very close to the average for both Ferry Road and the broader King Edward neighbourhood, making it a standard, functional size for the area.
2. What are the implications of the higher assessed value?
The home’s assessed value is above average for both the street and neighbourhood. This often indicates newer improvements or desirable features relative to nearby properties, but it’s wise to review current property taxes to understand the annual cost.
3. What are the pros and cons of the lot size?
The land area is smaller than many city lots. This means less outdoor space for gardening or expansion, but also significantly less yard work and lower landscaping costs, which can be a benefit.
4. How does the 2017 build year affect this home?
A 2017 build is a major advantage. It typically means newer roofing, siding, windows, and major mechanical systems (like furnace and water heater) with many years of life remaining, reducing the risk of near-term, costly repairs.
5. Are there comparable recent sales to gauge value?
The listing notes a sale in May 2017. For a precise, up-to-date understanding of value, you would need to analyze recent sales of similar bi-levels or newer homes in King Edward, as the market has evolved significantly since the home’s last sale.