3508 Ferrier Street

Property Overview & Key Characteristics

This property at 3508 Ferrier Street in Winnipeg's Rosser-Old Kildonan neighbourhood presents a unique opportunity centred on land value and potential. The lot itself is a key feature, ranking in the top 1% for size within both the neighbourhood and the entire city, offering a substantial 2,025 sqft parcel. This suggests its primary appeal is for buyers with a vision for the land itself, whether for future development, a custom build, or as a long-term hold in a well-established area. The assessed value is notably uniform with several immediate neighbours, indicating a consistent character for this specific stretch of street.

Its appeal lies squarely with value-driven investors, builders, or those willing to undertake a project. It suits a buyer less concerned with existing structures and more focused on the underlying asset—the land. A thoughtful perspective is that while the data shows top rankings for lot size, it also hints that the existing property condition may be reflected in the value, making it a clear candidate for redevelopment rather than a move-in-ready home.

Frequently Asked Questions

1. What does the assessed value ranking mean?
The listing shows the assessed value ranks in the top 1% for Winnipeg, but it's crucial to understand this is a percentile ranking. A top 1% rank here means it is among the lowest 1% of assessed values in the city, consistent with a vacant lot or a property requiring significant improvement.

2. Is the house livable in its current state?
The provided details do not include information on living area, building type, or year built, which strongly suggests the existing structure may be minimal or not suitable for conventional occupancy. A professional inspection is essential.

3. Why are nearby properties on Duck Creek Drive assessed so much higher?
The dramatically higher assessed values on nearby streets like Duck Creek Drive highlight the micro-neighbourhood variation within Rosser-Old Kildonan. It indicates that Ferrier Street may represent a more modest, original segment of the area, while other nearby crescents and drives feature newer or more developed homes.

4. What can I build on a lot of this size?
With 2,025 sqft, the lot offers flexibility, but specific buildable dimensions, zoning bylaws (R1, R2, etc.), setback requirements, and any easements will dictate the possible footprint. Consulting the City of Winnipeg's zoning and planning department is a necessary first step.

5. Are the utilities (water, sewer, power) connected to the lot?
This is a critical question for any development. The listing does not specify service connections. Buyers must verify with the city and/or utility providers what services are available at the property line and what costs would be associated with hooking up a new dwelling.