Property Overview: 361 Ferry Road, Winnipeg
Key Characteristics & Appeal
This bi-level home at 361 Ferry Road in Winnipeg's King Edward neighborhood presents a practical and modern opportunity. Built in 2014, it is a notably newer construction compared to most homes in the area and city-wide, suggesting less immediate concern for major system replacements and potentially lower maintenance. With 867 sqft of living space and a detached garage, it fits the profile of a compact, efficient home.
Its primary appeal lies in its balance of modernity and location-specific value. While the living space is below the city-wide average, it is typical for its immediate street and neighborhood, positioning it as an affordable entry point into the market. The assessed value is above average for King Edward, which may reflect its newer build year. The property suits first-time buyers, downsizers, or investors seeking a relatively modern property without a premium price tag. It’s for those who prioritize a newer home in a central neighborhood over square footage, and who are comfortable with a basement that is present but not renovated.
Frequently Asked Questions
1. How does the property’s size compare to others?
At 867 sqft, the living area is around the average for both Ferry Road and the broader King Edward neighborhood. However, it is below the average home size for the entire city, indicating a more compact layout.
2. Why is the assessed value higher than the neighborhood average?
The assessed value is above the King Edward average, which is likely attributable to the home’s much newer construction year (2014) compared to the typical area home built in the mid-20th century.
3. What is the potential of the basement?
The listing confirms the home has a basement, but that it is not renovated. This presents both a downside in immediate finish and an upside for future expansion or customization to add living space.
4. Is the land size a constraint?
The lot is under 2,700 sqft, which is smaller than most in the neighborhood and significantly smaller than the city average. This means smaller outdoor space but also less yard maintenance.
5. How current is the sold price history provided?
The sold price range shown is from December 2019. For the exact, most recent sold price, you must request it directly via the email feature on the listing page.