Property Overview: 421 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its generous, above-average lot size of over 5,300 square feet, offering more outdoor space than most properties on its street and in the immediate area. The living area of 987 sq ft is typical for the locale, suggesting a comfortable, manageable footprint.
The home suits first-time buyers or downsizers seeking an entry into a stable, established neighbourhood without the premium of a newer or larger house. Its assessed value positions it as an affordable option within the city. A thoughtful perspective is that this property represents a "land-value play" in many ways—the lot itself is a significant asset relative to the structure, which could appeal to those with long-term vision, whether for expansion, gardening, or simply enjoying more private outdoor space. The detached garage adds practical utility. It’s a home for those who prioritize location, lot size, and value over modern finishes or extensive square footage.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 987 sq ft, the living space is very close to the average for both Ferry Road and the wider King Edward neighbourhood, but is notably smaller than the current city-wide average for homes.
2. Is the assessed value typical for the area?
Yes. The assessed value is around the average for both the street and the King Edward area, indicating it is priced in line with local market norms.
3. What is the most standout feature of this property?
The land area. At 5,372 sq ft, the lot is significantly larger than most comparable properties nearby, ranking in the top 18% on its own street.
4. What should I consider about the home’s age?
Built in 1948, the home is older than many on its street but is typical for the King Edward neighbourhood. Buyers should budget for potential updates common to houses of this era and consider a thorough inspection.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the exact sold price history, you can request it via email from the listing source, which provides this detail manually.