Property Overview: 45 West Fernwood Avenue, Winnipeg
Key Characteristics & Appeal
This home at 45 West Fernwood Avenue in Norberry presents a compelling mix of space, value, and established character. Built in 1959, it is notably newer than many homes on its street and in the immediate area, which often suggests updated infrastructure or less immediate need for major system overhauls. With 1,252 square feet of living area, the house offers above-average interior space for both the street and the Norberry neighborhood, providing a comfortable footprint for daily living.
The primary appeal lies in its efficient balance. The assessed value of $360k sits above average for the street but aligns with the neighborhood average, indicating a perceived value that holds well in its local context. A thoughtful perspective is the lot size: at 4,871 sqft, it is smaller than many nearby properties. This could be a plus for buyers seeking lower maintenance outdoor space without sacrificing a yard, or a consideration for those envisioning significant expansions.
This property would suit first-time buyers or downsizers looking for a move-in-ready, character home in a stable community. It’s also a sensible fit for value-conscious buyers who prioritize interior space and a newer build year over a large lot. The data suggests it’s a solid, middle-market home that performs well on key metrics within its specific community.
Frequently Asked Questions
1. How does the lot size compare, and what does it mean for me?
The land area is 4,871 sqft, which is smaller than most lots on the street and in Norberry. This typically translates to less yard maintenance. It may limit the potential for large additions or pools but could be ideal for those who prefer a manageable outdoor space.
2. The home is noted as "newer" than others. What are the practical benefits?
Built in 1959, it is decades newer than many neighboring homes. This often correlates with more modern electrical wiring, plumbing, and insulation, potentially leading to lower immediate repair costs and better energy efficiency compared to homes built in the 1930s or 40s.
3. Is the assessed value a good indicator of the listing or sale price?
The assessed value ($360k) is for municipal tax purposes. The last recorded sale was between $350k-$400k in April 2022. While it provides a benchmark, the current market conditions, property updates, and seller motivation will ultimately determine the listing price.
4. What does the sold price history tell us?
The home sold previously in 2017 (for $250k-$300k) and again in 2022. This shows active market history and provides a trajectory of its market value over time, which can be useful for understanding the property’s investment pattern.
5. How can I get the exact past sale prices?
The site provides sold price ranges publicly. To obtain the exact historical sale figures, you must request them directly via email from the service, as they manually verify and provide this data due to industry regulations.