Property Overview & Key Characteristics
This bi-level home at 420 Ferry Road in Winnipeg's King Edward neighbourhood presents a practical, modern living option. Its primary appeal lies in being a relatively new construction (built in 2017) within an established area, offering a renovated basement and a low-maintenance footprint. At 990 sqft, the living space is very typical for the immediate street and neighbourhood, but notably smaller than the Winnipeg citywide average, indicating an efficient layout.
The home stands out locally for its above-average assessed value and modern age compared to its older peers. It sits on a standard city lot for the area. This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the upkeep of a larger property or an older structure. It’s a solid choice for those who value newer mechanical systems and contemporary finishes over expansive square footage, offering a foothold in a central neighbourhood without the renovation projects common in the surrounding area.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is in the top 11% on its own street and top 6% within the broader King Edward neighbourhood, indicating it is valued significantly higher than many nearby properties, likely due to its recent construction.
2. Is the living space smaller than average?
Yes and no. At 990 sqft, it is very close to the average for both Ferry Road and the King Edward area. However, it is about 350 sqft smaller than the average Winnipeg home, so buyers accustomed to newer suburban sizes should note the efficient scale.
3. What are the implications of a 2017 build in an older neighbourhood?
This is a key advantage. It means modern building codes, insulation, wiring, and plumbing, potentially leading to lower immediate maintenance costs and better energy efficiency compared to the neighbourhood's predominantly mid-20th century housing stock.
4. What is not included with the property?
The listing confirms there is no garage and no pool. Parking would be limited to driveway or on-street. The lot size, while typical for the street, is below the citywide average, so outdoor space is modest.
5. Where can I find exact historical sale prices?
The listed sale price ranges are estimates from public data. The page states that exact, verified sold prices can be requested directly via email from the site, which they provide manually without using your email for marketing.