Property Overview: 463 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 463 Ferry Road presents a practical and well-positioned opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its balance of relative modernity, efficient size, and a location that offers solid value within its immediate context.
Built in 1995, the home is notably newer than many in the area and across the city, suggesting potentially fewer concerns with aging major systems compared to the neighbourhood's average home from the 1950s. With 968 sqft of living space and a renovated basement, it offers functional space for a small household. The lot size is typical for the street, providing manageable outdoor space without excessive upkeep.
The home’s strength is its strong standing within the local context. It ranks above average in King Edward for both assessed value and year built, meaning it represents a relatively newer and more valuable property in this specific community. Its recent sale in early 2024 also provides a clear, current market benchmark. This property would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready home (thanks to the renovated basement) in an established neighbourhood without a premium city-wide price tag. It’s a pragmatic choice for someone whose lifestyle is focused more on the local community than on a large lot or expansive square footage.
Section 2: Frequently Asked Questions
1. How does this home compare to others on Ferry Road?
The data shows it is very much in line with its immediate neighbours. Its living area, land size, and assessed value are all around the average for Ferry Road, but it stands out for being newer than most homes on the street.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from cosmetic updates to a fully developed living space, impacting the home's functional square footage.
3. Why is the city-wide assessed value comparison so different?
The home’s assessed value is below the Winnipeg average because that average is skewed higher by more expensive properties in other areas. This highlights the property's value as an affordable entry into the market within a specific, established neighbourhood like King Edward.
4. There's no garage. What are the parking options?
The listing notes no garage. Prospective buyers should investigate on-street parking permits, driveway potential, or any common parking arrangements typical for the street.
5. You mention a 2024 sale. Can I get the exact price?
The exact sold price is not publicly displayed in the data. The listing service offers to provide this precise figure manually via email, which can be a valuable tool for understanding the most recent market valuation.