Property Overview: 411 Ferry Road, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 411 Ferry Road in the King Edward neighbourhood presents a practical and efficient living option. Its key characteristic is its modern build date (1993), making it significantly newer than most homes on its street and across Winnipeg. This suggests potentially fewer immediate concerns with aging infrastructure compared to century-old properties. The living space is compact at 795 sq ft, which is below average for the city but typical for the immediate area, and it features a renovated basement. The lot size is modest, and there is no garage.

The appeal lies in its value proposition as a relatively contemporary, low-maintenance entry point into the Winnipeg market. It suits first-time buyers, investors, or downsizers seeking an affordable home without the surprises often found in much older properties. Its assessed value is squarely average for its local context, indicating a stable, no-frills investment rather than an undervalued project. A thoughtful perspective is that while the home's size is modest, its newer age could mean lower ongoing maintenance costs, effectively allocating a budget towards quality of life rather than constant repairs. It’s a home for those who prioritize simplicity and modern fundamentals over square footage or historic charm.

Section 2: Frequently Asked Questions

1. How does the 1993 build date impact this home?
Positively, as it is newer than roughly 80% of homes in King Edward. This typically means more modern wiring, plumbing, and insulation, leading to greater energy efficiency and potentially lower maintenance costs than the neighbourhood's many heritage-era homes.

2. Is the living space too small?
At 795 sq ft, it is below the city average but comparable to other homes on Ferry Road. The renovated basement adds functional space. This layout suits individuals, couples, or small families comfortable with efficient, cozy living.

3. What does the "around average" assessed value mean for the price?
It indicates the property is not an outlier. Its value is consistent with similar properties on the street and in King Edward, suggesting a market-based price rather than a steep discount or premium. It’s a benchmark for stability.

4. What are the implications of having no garage?
Parking will be on-street. This is common for the area but is a consideration for those with multiple vehicles or who desire protected parking. The modest lot size also limits the potential for adding a garage later.

5. How does this home compare to others in Winnipeg?
City-wide, it sits in the lower tier for living and land area but in the top tier for its newer age. This highlights its niche: a newer, compact home in an established neighbourhood, offering a different trade-off than an older, larger house for a similar price.