Property Overview: 465 Ferry Road, Winnipeg

Key Characteristics & Appeal

This 1995 bi-level home at 465 Ferry Road presents a practical and modern option within Winnipeg's King Edward neighbourhood. With 968 square feet of living space and a renovated basement, it offers functional living areas on a standard 4,026 sqft lot. Its core appeal lies in its relative modernity compared to many area homes, potentially meaning fewer major age-related concerns. The renovated basement adds immediate usable space without the need for a project.

The home suits first-time buyers or downsizers seeking a manageable, move-in-ready property without a large yard to maintain. It also appeals to value-conscious investors, as its assessed value sits above average for King Edward, suggesting solid fundamentals in the local context. A thoughtful perspective is that while its size is below the citywide average, this translates to lower utility costs and less upkeep—a trade-off that aligns well with a streamlined lifestyle. Its position as "around average" on its own street indicates it fits seamlessly into the area without being an outlier.

Frequently Asked Questions

1. How does the home's age affect maintenance?
Built in 1995, this home is significantly newer than many in Winnipeg and the immediate area. This typically suggests major components like wiring, plumbing, and windows may be more modern and have more serviceable life remaining than in a century-old character home, though a standard inspection is still essential.

2. What does the "above average" assessed value in King Edward indicate?
While its assessed value is below the Winnipeg average, ranking "above average" within the King Edward neighbourhood suggests the property is considered a relatively substantial asset in its local market context, which can be a positive indicator for long-term value retention in the area.

3. Is the living space sufficient for a family?
At 968 sqft, the living area is typical for the street and neighbourhood but below the city average. The renovated basement effectively doubles the usable space, making it functional for a small family or couple, though those needing multiple large bedrooms or dedicated rooms may find it compact.

4. There's no garage. What are the parking options?
The property has no garage. Buyers should verify on-site driveway space or street parking permits during a viewing, as this is a key logistical point for vehicle storage.

5. Why is the last sold price range provided instead of the exact figure?
Exact sale prices are not always publicly available in Manitoba. The provided range is based on public data, and the accurate historical price can be requested directly from the listing service to ensure informed decision-making.