Property Summary: 40 Ferndale Avenue, Norwood West, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 40 Ferndale Avenue is a well-established property in Norwood West, built in 1944. With 1,210 sqft of living space on a nearly 6,000 sqft lot, its size is consistently around the average for its immediate street, neighborhood, and the wider city. The assessed value of $440k sits above the Winnipeg average for comparable homes, indicating a perceived value that outpaces many city-wide properties.
The primary appeal lies in its position within a mature, historic neighborhood. A key, less obvious detail is that this 1944 build is actually one of the newer homes on its street, ranking in the top 5% for year built among its direct neighbors, where the average home was constructed in 1929. This suggests a potentially updated infrastructure compared to nearby properties, while still offering the charm and established greenery of an older area. The lot size is also slightly larger than the street average, offering a bit more outdoor space.
This property would suit a buyer looking for a grounded, character-home setting without the extreme maintenance concerns that can come with the very oldest houses in the area. It’s a practical choice for someone who values a stable, long-established community in Norwood West and a home that aligns with—or slightly exceeds—typical city benchmarks for value.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home last sold between $400k-$450k in late 2020. That sale price ranked in the top third city-wide at the time, consistent with its current above-average city-wide assessment.
2. Is the house older than most in Winnipeg?
While it’s an 80-year-old home, it’s actually newer than about 80% of comparable homes across Winnipeg. More notably, it’s significantly newer than most houses on its own street, which may be an advantage.
3. What does the “around average” living area mean for daily life?
At 1,210 sqft, the space is typical for the area. It suggests a comfortable size for a small family or couple, in line with neighborhood norms, but may not offer the expansive rooms found in some larger, newer subdivisions.
4. Why is the assessed value above the city average if the size is average?
Assessment reflects more than square footage. Factors like the desirable Norwood West location, the larger-than-street-average lot, and the property’s condition and relative modernity on its street all contribute to its value.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for reference. Due to industry data rules, exact MLS sale figures are not published online here. You can request the exact sale history via email, and the team will provide it manually.