1236 Fernbank Avenue

Property Overview: 1236 Fernbank Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a clear value-oriented opportunity in Winnipeg's Rosser-Old Kildonan area. Its most defining characteristic is its assessed value of $114k, which is significantly below average benchmarks for the street ($375.5k), neighborhood ($544.7k), and city-wide ($390.1k). The lot size of 2,473 sqft is modest, ranking around average for the street but below average for the wider area. Specific details on the year built and living area are not provided in the public data, indicating this may be an older or more compact home.

The primary appeal lies in its position as an entry-point property. It suits first-time buyers, investors seeking a low-cost rental asset, or those with a limited budget who prioritize ownership in a specific area over square footage. A less obvious perspective is its potential as a strategic hold in a neighborhood where many surrounding properties have much higher assessed values, suggesting possible long-term redevelopment or value appreciation as the area evolves. It’s a practical choice for a buyer comfortable with a project or a no-frills home, where the land and location offer the core value.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
This typically indicates a smaller, older, or more modest home compared to others on the street and in the area. It may require updates or renovations. The value reflects the property's current physical state as assessed for tax purposes.

2. How can I find out the exact sale history and living details?
The public data does not show a full transaction history or specifics like year built and square footage. You can request this information manually via email through the listing site, and they will provide the most accurate details available.

3. Is this a good investment?
For an investor, the low entry cost is a key advantage. However, thorough due diligence is essential. Consider potential renovation costs, rental yield in the area, and the fact that property taxes are based on the assessed value, which could be an ongoing benefit.

4. What does the "Below Average" ranking for land area in the neighborhood mean?
While the lot is a fairly typical size for Fernbank Avenue, it is much smaller than the neighborhood average of nearly 30,000 sqft. This suggests the immediate street consists of standard residential lots, while the broader Rosser-Old Kildonan area includes many much larger, possibly rural or acreage-style properties.

5. Are the comparable "Trending" properties on Whooping Crane Drive a good reference?
They are useful for assessing value trends in the broader postal area, as they have similarly low assessed values. However, for a true comparison of location, street appeal, and lot, the direct neighbors on Fernbank Avenue (like 1244 or 1248) are more relevant benchmarks.