369 Ferry Road: Property Summary
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in a balanced offering: a recently renovated basement adds modern utility to a classic structure, while the detached garage provides valuable storage or workshop space. The property stands out for its generous 5,384 sqft lot, which is notably larger than most in the immediate area and offers significant outdoor potential.
The home’s living space (902 sqft) and assessed value are very typical for the street and neighbourhood, positioning it as a straightforward, no-surprises entry into the market. It would suit first-time buyers seeking a manageable footprint with room to grow outdoors, or an investor looking for a character home with a renovated basement suite potential (subject to zoning verification). Its appeal is grounded in its proportionally large lot and recent updates, offering more yard space than you might expect for the price point in this locale.
Frequently Asked Questions
1. How does the property compare in size to others nearby?
The house itself is average for the area, but the land parcel is a standout feature, being in the top 15% for lot size on Ferry Road.
2. What is the significance of the assessed value figures?
The assessed value is for municipal tax purposes and is not a market price. The data shows this home’s assessment is consistent with the neighbourhood average, suggesting it is in line with area norms.
3. Has the home been updated recently?
The listing confirms the basement has been renovated. The condition of major systems (roof, wiring, plumbing) and the main living areas should be verified through a professional inspection.
4. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The "Similar Assessed Value" list shows comparable valuations in various areas, indicating this home offers a competitive entry point into a mature community.
5. Where can I find exact historical sale prices?
The current owner’s sale price from 2019 is listed as a range. For precise historical sale data on this property, you can request the exact figures via email from the listing source.