Property Overview: 1208 Fernbank Avenue, Winnipeg
Key Characteristics & Appeal
This 2024-built home at 1208 Fernbank Avenue presents a distinct profile defined by its newness and efficient design. Its primary appeal lies in being a modern, turn-key property within a mature neighborhood. With 1,375 sqft of living space, it offers a comfortable, above-average footprint for its immediate street, ranking in the top 12% among its 75 closest neighbors. The assessed value of $415k is also above the street average, suggesting a premium for its condition and age.
The most striking characteristic is its age. Built in 2024, it ranks in the top 1% for year-built not just on its street, but across the entire Rosser-Old Kildonan neighborhood and Winnipeg as a whole. This means it offers rare, modern construction standards, energy efficiency, and no immediate need for renovations in an area where most homes are decades older.
However, this modern convenience comes with a notable trade-off: a compact lot of 1,977 sqft. The land area is significantly below average at every level, ranking near the very bottom locally. This positions the property as a low-maintenance option, ideal for those who prefer a newer home without the upkeep of a large yard.
This home would best suit first-time buyers, downsizers, or investors seeking a modern, "lock-and-leave" property. It’s for those who prioritize interior space and contemporary finishes over outdoor private space. It offers a chance to live in an established area without inheriting the maintenance issues of an older home, though within a more compact lot setting.
Frequently Asked Questions
1. Is the $415k assessed value a reliable indicator of the sale price?
Not necessarily. The home sold for an estimated $350k-$400k in late 2024, which is slightly below its current assessed value. Assessments are for taxation and can differ from market value. The sale price fell in the top 40% city-wide, indicating solid market acceptance.
2. How does the small lot size impact daily living?
It translates to minimal yard maintenance, which is a plus for busy professionals or those wanting to avoid weekend chores. The downside is limited private outdoor space for gardening, play, or entertaining. It’s a conscious trade-off for the new home.
3. The home is "below average" for the neighborhood in size and value. Is that a concern?
This statistic is nuanced. While below the neighborhood average (which includes many larger, older lots), it is actually above the average for its specific street. It fits the scale of Fernbank Avenue better than it does the broader, more varied Rosser-Old Kildonan area. Think of it as a newer, more refined version of the homes directly around it.
4. What are the likely benefits of a 2024 build?
Expect modern building codes, high energy efficiency (leading to lower utility costs), new appliances, and contemporary floor plans. It also likely comes with builder warranties, offering peace of mind against major repairs for the first few years.
5. Why are the sold prices shown as a range, and how can I get the exact figure?
To comply with real estate industry rules, precise MLS sale prices are not published on this site. The displayed range is based on public data. You can request the exact sold price history via email from the site provider, who will manually look it up and send it to you.