Property Overview
31 West Fernwood Avenue is a 960 sqft bungalow built in 1924, situated on a 4,994 sqft lot in Winnipeg's Norberry neighbourhood. With an assessed value of $350k, it presents a classic, no-frills home in a mature community.
Key Characteristics & Appeal
This home’s primary appeal lies in its established location and straightforward footprint. It is a smaller, character home that is older than most in its immediate area, which can mean charm and original details, but also suggests a need for careful inspection regarding updates and maintenance. The lot size is very typical for the street, offering a standard yard space.
The data indicates it’s a home that fits comfortably within its local context. Its assessed value and living area are around the average for Norberry and its specific street, meaning it isn’t over-improved for the area. This creates a stable, predictable value proposition. It would suit a first-time buyer or downsizer looking for an entry point into a settled neighbourhood without a premium price tag. It’s a practical choice for someone comfortable with a home of this vintage, possibly looking for a property to gradually update or maintain as-is.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 960 sqft, the living area is slightly below the city-wide average but is quite typical for West Fernwood Avenue itself, ranking 9th out of 25 homes on the street.
2. Is the assessed value of $350k reasonable for this area?
The assessment is consistent with the local market, ranking in the top 39% for the Norberry area. It sits between the lower average for the immediate street ($304k) and the higher city-wide average ($390k).
3. What should I consider about the 1924 build date?
This home is notably older than most in Norberry, ranking in the oldest 10% for the neighbourhood. Buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation.
4. What is the potential based on the lot size?
The 4,994 sqft lot is standard for the street but smaller than many lots in wider Norberry. It offers typical backyard potential but may have limitations for large additions or pools compared to deeper lots in the area.
5. Can I find out the exact historical sale price?
The site provides sold price ranges from public data. For fully verified and exact sale figures from the MLS, you must request a manual lookup via email, as this data is not displayed directly on the site due to industry regulations.