Property Overview: 19 Fermor Avenue
Key Characteristics & Appeal
This 1976-built home on a 5,173 sqft lot presents a solid, middle-of-the-road opportunity in the Varennes neighborhood. With 1,053 sqft of living space and an assessed value of $300k, it consistently ranks as "around average" compared to its immediate street and local area. Its true appeal lies in this very stability—it’s a property that doesn’t stand out for extreme size or value, but rather for its predictability within its community context.
The home suits practical buyers looking for an honest entry point into the Winnipeg market. It’s notably more affordable than the citywide average for comparable homes ($390.1k), offering potential value for those willing to trade a newer build or larger square footage for a more manageable price tag in an established area. A thoughtful perspective is the lot size: while average for the city, it's above average for the Varennes neighborhood, suggesting more outdoor space than many nearby properties—a subtle advantage for gardeners or those seeking privacy. The build year is also newer than most in the immediate neighborhood, which may indicate updated infrastructure compared to older homes on the block.
Frequently Asked Questions
1. Is this property a good value?
Based on the assessment data, the home is priced below the Winnipeg city average for comparable properties. Its value is very much in line with its immediate street and neighborhood, suggesting the price reflects the local market conditions accurately.
2. What does the "around average" ranking mean for me?
It indicates stability. The home is not an outlier in terms of size, value, or age on its street or in Varennes. This can mean less risk of overpaying compared to the area and a good understanding of what to expect from the surrounding properties.
3. The lot size is listed as "above average" for the neighborhood. How significant is this?
The lot is 5,173 sqft, while the neighborhood average is 4,818 sqft. This means you likely have more usable yard space than many nearby homes, which can be a advantage for outdoor activities, expansions, or simply having more breathing room.
4. How does the 1976 build year compare?
The home is newer than the average house in Varennes (1951), but typical for its specific street (average 1970). This suggests it may have modern features compared to much of the neighborhood, but it’s not a new build. Key systems like plumbing, electrical, and the roof will be nearly 50 years old and should be inspected.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready modern home, a standout investment property, or significantly more interior space. The data shows it is a modest, average-sized home for the area, ideal for those with realistic expectations about a property from the 1970s.