Property Overview: 202 Ferndale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is defined by its generous proportions and rare, sizable lot in a well-established neighbourhood. Built in 1909, it offers nearly 2,000 sqft of living space, placing it comfortably in the top 15% for size both locally and citywide. The standout feature is the 7,197 sqft land area, which ranks in the elite top 5% for Norwood West, offering exceptional outdoor potential. With an assessed value of $488k, it sits above area averages, reflecting its substantial footprint and historic character.
The appeal lies in the unique combination of a classic, century-old home with above-average interior space on a lot that is now uncommon in the city core. It suits a buyer looking for a project or a character home with room to grow, garden, or expand. This property is ideal for those who value privacy and space over new construction, and who are prepared for the realities and rewards of maintaining a heritage property. It represents a solid investment in a tangible asset—land—in a mature neighbourhood, rather than a move-in-ready modern finish.
Frequently Asked Questions
1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 95% of other lots on Ferndale Avenue and in the broader Norwood West area. This is its most statistically distinctive feature.
2. The home was built in 1909. What should I consider?
While offering classic charm and sturdy construction, a home of this age will likely require diligent maintenance and updates to mechanical systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the scope of any needed work.
3. How does the assessed value relate to the likely selling price?
The assessed value of $488k is for municipal tax purposes and is typically based on past market data. It can be a benchmark, but the actual market price is determined by current conditions, the home's specific state, and buyer demand. It last sold between $450k-$500k in mid-2019.
4. The living space is above average, but the home is very old. Is the layout modern?
Homes from this era often have compartmentalized room layouts rather than contemporary open-concept designs. Buyers should anticipate a traditional floor plan, which can offer defined spaces and character but may require renovation to suit modern living preferences.
5. Can I see the exact historical sale prices?
The site provides sold price ranges for context. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.