Property Overview: 471 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward, no-frills opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 700 sqft that is notably compact compared to city-wide averages. The home, built in 1948, sits on a decently-sized lot of just over 4,000 sqft, offering valuable outdoor space that is larger than many in the immediate area.
The primary appeal lies in its position as an accessible entry point into the market. With a historically low assessed value and correspondingly low past sale prices, it represents one of the most budget-conscious options available. This is not a property for those seeking ample finished space, but rather for a specific buyer: the pragmatic first-time purchaser, the hands-on investor looking for a rental or renovation project, or someone seeking to minimize their footprint and property tax burden. Its detached garage adds practical utility. A less obvious perspective is that its smaller size and lot—while below city averages—are actually quite typical for its specific street and neighbourhood, suggesting it fits the local context and may benefit from the stability of an established, modest-scale community.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While compact at 700 sqft, it is a standard, older one-storey house. Its layout and lot size are consistent with many post-war homes in the area, not a modern minimalist design.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, age, and likely basic condition compared to the broader Winnipeg market, which includes many larger, newer, or more updated properties. It is more in line with averages for the King Edward neighbourhood.
3. What are the main considerations for a buyer here?
Prospective buyers should be prepared for a home that may require updates or maintenance due to its age. The focus should be on the functionality of the compact layout and the potential of the lot, rather than move-in-ready finishes or spaciousness.
4. How does the lot size compare?
At 4,024 sqft, the lot is actually above average for Ferry Road and the King Edward neighbourhood, offering a relative strength in outdoor space for the area, though it is smaller than the typical Winnipeg lot.
5. Where can I find the exact past sale price?
Exact sale prices are not publicly displayed in detail. As noted on the listing, you can request the precise historical sale data by emailing the provided service; they manually provide the figures without obligation.