1244 Fernbank Avenue

Property Overview: 1244 Fernbank Avenue, Winnipeg

Key Characteristics & Appeal

This property at 1244 Fernbank Avenue presents a distinct value proposition within Winnipeg's Rosser-Old Kildonan area. Its most defining characteristic is its significantly below-average assessed value of $108k, which ranks it in the bottom 1% of homes city-wide for its type. The lot size is also notably compact at 1,977 sq ft, well below averages for the street, neighborhood, and city.

The primary appeal lies in its potential as an entry point into the housing market with a very low barrier to entry. It suits buyers with limited capital for a down payment, investors seeking a low-cost rental property, or those interested in a land value play for future redevelopment. A thoughtful perspective is that this home exists in a neighborhood with a wide range of property values, as seen with a newly built nearby home assessed over $400k, suggesting an area in transition. It may appeal to a buyer less concerned with immediate space or modern finishes and more focused on securing an address in a specific community at the lowest possible price point.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on municipal evaluation, which considers factors like lot size, living area, age, and condition. This home's very small lot and potentially older or more modest structure contribute to its low assessment compared to newer, larger homes on the same street.

2. Is the sold price history available?
Exact sold prices are not published on this site due to data source restrictions. However, you can request a manual lookup by email to receive the most accurate transaction history available directly.

3. What does the ranking data actually mean?
The rankings compare this home to "comparable" properties in three areas: its street, its neighborhood (Rosser-Old Kildonan), and all of Winnipeg. For example, a city-wide rank of #193,001 out of 194,458 means its assessed value is lower than over 99% of comparable homes in the city.

4. Who would this property be a good fit for?
It is best suited for a very budget-conscious first-time buyer, a hands-on investor looking for a low-cost asset, or someone interested in the underlying land value. It is less suitable for buyers prioritizing space, modern amenities, or immediate equity comparable to neighborhood averages.

5. How reliable is the data shown?
The data is sourced from public records and is considered reasonably reliable but not guaranteed. The site does not use MLS data, so for fully verified figures and a complete history, a manual records check via email is recommended.