432 Ferry Road

Property Overview

This one-storey home at 432 Ferry Road in Winnipeg's King Edward neighbourhood presents a practical and well-positioned option. Its key appeal lies in offering above-average space and value within its immediate context. The 1,212 sqft living area is notably larger than most comparable homes on Ferry Road and in the wider King Edward area, placing it in the top 14% for size locally. This is complemented by a generous, nearly 5,000 sqft lot, providing ample outdoor space that is less common in the area. A recently renovated basement adds functional living space. The home’s assessed value of $320k sits above average for the street and neighbourhood, suggesting a perception of solid value relative to its peers.

The property suits buyers looking for a single-level layout with room to grow, whether that's for a family, a couple needing a home office, or someone valuing a sizeable yard. It’s a home that outperforms its direct neighbours on key metrics like living area and lot size, offering a sense of space without moving to the city's outskirts. A thoughtful perspective is that while the home is older (built in 1961), it is actually newer than many in King Edward, potentially meaning fewer concerns associated with much older construction. Its city-wide rankings are average, indicating it’s a strong player in its local market rather than a standout across all of Winnipeg.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
Very favourably. With 1,212 sqft of living space, this home is larger than approximately 86% of comparable properties on Ferry Road and in the King Edward neighbourhood, where the average is around 955 sqft.

2. What is the significance of the lot size?
At 4,906 sqft, the lot is significantly larger than the local average (about 3,581 sqft on Ferry Road). This provides more private outdoor space than is typical for the area, which is a considerable advantage for gardening, recreation, or future expansion.

3. The assessed value is $320k. Is this priced appropriately for the area?
The assessment is above the local average, placing it in the top 25% on its street and top 17% in King Edward. This suggests the property is viewed as having higher value than many surrounding homes, likely due to its larger living area, lot size, and renovated basement.

4. When was it last sold and for how much?
Public records indicate a sale between September 2021, with a price range reported between $295,000 and $325,000. For the exact sale price, you can request the information directly via the listing page.

5. What are the potential considerations with a home from 1961?
While 65 years old, it’s worth noting this home is newer than many in the historic King Edward area. Buyers should still consider the age of major systems (roof, plumbing, electrical) and ensure the renovations, particularly in the basement, were completed with proper permits.