Property Overview & Key Characteristics

This 2020-built bi-level at 308 Ferry Road offers a distinctly modern living option within Winnipeg's established King Edward neighbourhood. Its primary appeal lies in the balance of a newer, low-maintenance home with a surprisingly generous lot. At 900 sq ft of living space on a 2,484 sq ft lot, the home is efficient, while the fully renovated basement adds valuable functional space. Key rankings highlight its position: it's newer than 97% of homes in Winnipeg and sits on a lot size that's in the top 11% for the neighbourhood. This creates a unique proposition—a contemporary property that doesn't sacrifice outdoor space, which is rare for newer builds in mature areas.

The property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the upkeep of a century-old property. It also appeals to those who value a newer mechanical system (roof, furnace, etc.) and the potential for lower immediate repair costs. A thoughtful perspective is its assessed value ($35.2k), which is significantly higher than many nearby century homes, reflecting its modern build and condition; this suggests a different value proposition focused on modern convenience rather than historic charm or square footage.

Frequently Asked Questions

1. What does the "Top X%" ranking actually mean?
These rankings compare this specific property against all others on the same street, in the King Edward neighbourhood, and across all of Winnipeg for that particular metric (like year built or lot size). For example, being "Top 97% in Winnipeg" for year built means it is newer than 97% of all residential properties in the city.

2. The living area is 900 sq ft. Is that just the main floor?
As a bi-level, the 900 sq ft likely refers to the above-grade living area. The presence of a renovated basement means there is additional, functional space that increases the total usable square footage of the home.

3. The assessed value seems low. Is that the selling price?
No. Municipal assessed value for tax purposes is not market value. The $35.2k assessment is a fiscal tool. Market value (the selling price) is determined by recent sales of comparable properties, the condition of the home, and current market conditions.

4. There's no garage. What are the parking options?
The listing specifies no garage. Parking would typically be via a driveway or on-street permit parking. Confirming the exact parking setup with the listing agent or city bylaws is important.

5. How does this newer home fit into the King Edward neighbourhood?
King Edward is characterized by many early 1900s homes. This 2020 build offers an alternative for those who want the neighbourhood's location and amenities but prefer the layout, energy efficiency, and minimal immediate maintenance of a modern construction.