Property Summary: 41 Ferndale Avenue, Winnipeg
Key Characteristics & Appeal
This home at 41 Ferndale Avenue in Norwood West presents a compelling profile defined by its above-average interior space and valuation within a classic, established neighborhood. Built in 1913, the 1,860 sqft living area is notably larger than averages for the street, neighborhood, and city, ranking in the top 15-17% citywide. This suggests a home with generous, well-proportioned rooms. Its assessed value of $549k also sits well above local and city averages, indicating a property that is highly regarded in terms of its structure and market position.
The appeal lies in acquiring a character home that offers more interior space than most in Winnipeg, within a mature community. It suits buyers who prioritize interior square footage and established neighborhood charm over a large yard or a newer build, as the lot size is smaller than area norms and the home is older than many of its peers. The recent sale in the $500k-$550k range reflects its premium positioning. This property is ideal for those seeking a "move-in ready" character home with space to grow, or for buyers who value a strong, above-average investment in a stable area, understanding that updates may be part of owning a century-old home.
Frequently Asked Questions
1. Is the home in good condition given its age?
While the data confirms the home's age (1913), it does not provide a condition report. The above-average assessed and sale values suggest it is well-maintained, but a professional inspection is essential to understand the state of the roof, foundation, plumbing, and electrical systems common to homes of this era.
2. How does the smaller lot size impact the property?
The land area is below average for the area. This typically means lower exterior maintenance and less yard work, which can be a benefit for some. However, it may limit options for expansions like large decks, pools, or additions, so it's important to consider your long-term outdoor needs.
3. The assessed value is high for the area. What does that mean?
A high assessed value relative to neighbors generally reflects the municipality's judgment that the home itself (its size, quality, and features) is superior. It can indicate good upkeep and desirable attributes, but it also means property taxes will likely be higher than on a comparable-sized lot with a smaller or less updated home.
4. Are there comparable homes nearby?
The listing references nearby properties like 89 Claremont Avenue (also built 1913, 1,472 sqft, $446k assessed) and 92 Lawndale Avenue (1942, 1,401 sqft, $448k assessed). These help illustrate that 41 Ferndale offers more living space at a proportionally higher valuation, providing useful context for the street and neighborhood.
5. How can I verify the exact sale price?
The site notes that due to industry rules, exact MLS sold prices are not displayed publicly. They offer a manual lookup service where you can request the exact sale history and figures via email, which they will provide without using your contact information for marketing.