Property Overview
This 891 sqft home at 27 Fermor Avenue, built in 2017, presents a specific and compelling value proposition. Its modern construction is a standout feature, ranking in the top 5% city-wide for age, meaning major systems and finishes are contemporary and likely worry-free. The assessed value sits comfortably above the Varennes neighborhood average, suggesting a well-regarded property within its immediate community. The appeal here is efficiency and modernity over sheer size. The living space is practical and on par with the local area, though the lot is compact, which translates to lower maintenance. This combination suits first-time buyers, downsizers, or investors seeking a modern, move-in-ready property without the upkeep of a large yard. It’s ideal for someone who prioritizes a newer home in an established neighborhood over expansive private outdoor space.
Key Details & FAQs
What are the specific advantages of a 2017 build in this area?
Beyond just being newer, it places the home among the newest 5% in Winnipeg. This typically means modern building codes, energy efficiency, and minimal immediate repairs, a significant contrast to the neighborhood’s average home built in 1951.
Is the living space too small?
At 891 sqft, it’s very close to the neighborhood average (997 sqft) and efficiently configured. It offers the space needed for comfortable living without excess, aligning with a lower-maintenance lifestyle.
How does the lot size impact the property?
The lot is significantly smaller than most in the area. This is a key trade-off: it means less yard work and lower exterior maintenance costs, but also limited private outdoor space for gardening or recreation.
Why is the assessed value above the neighborhood average?
The above-average assessment for Varennes is largely driven by the home’s modern build year. Assessors value the lack of depreciation and current construction standards, which justifies its value position despite the smaller lot.
Who would this property not suit?
It would not be a fit for buyers seeking a large yard, extensive space for expansion, or a home with character details common to older properties. It’s designed for efficient, modern living.