Property Overview: 478 Ferry Road, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 478 Ferry Road in King Edward stands out primarily for its modern age, having been built in 2020. This makes it a rarity in a neighbourhood and city dominated by older housing stock, suggesting newer construction standards, systems, and less immediate need for major updates. The living space (972 sq ft) is typical for the immediate area but is more compact compared to the Winnipeg city average, promoting a low-maintenance lifestyle. Notably, its assessed value ranks well above average for both Ferry Road and the King Edward neighbourhood, indicating a perceived premium for its newer build in this location.

The appeal lies in this balance of modern convenience within an established, central community. It suits first-time buyers or downsizers seeking a manageable, newer home without the premium of a brand-new subdivision. The smaller land lot (2,442 sq ft) means less yard work—a plus for some, a limitation for others. It’s a practical choice for those who value the interior condition and age of a property over expansive square footage or lot size, offering a move-in-ready opportunity in a mature neighbourhood.

Section 2: Frequently Asked Questions

1. What does the above-average assessed value mean for me?
While not a direct market price, a consistently high assessment relative to nearby homes often reflects factors like the recent build year. It can indicate a strong tax valuation base, but you should always compare it to recent sale prices of similar properties for a true market picture.

2. Is the basement finished?
The listing specifies the basement exists but is "not renovated." This means it is likely an unfinished space, offering potential for future expansion or storage but not constituting additional livable area as-is.

3. How does the smaller lot size impact daily living?
The lot is significantly smaller than area averages. This typically translates to minimal exterior maintenance and a smaller yard, which can be a benefit for busy individuals. However, it may limit options for large gardens, extensive outdoor entertaining, or future additions like a large deck or garage.

4. What are the implications of a 2020 build in an older neighbourhood?
You benefit from newer plumbing, electrical, insulation, and building codes. However, it’s wise to understand the context—the home may have a different architectural character than its neighbours, and infrastructure like streets and mature trees will be from the older, surrounding area.

5. Where can I find the exact historical sale price?
The provided sold price is a range from public data. For the precise sale amount, you must request it directly via the email tool provided on the listing page. The service is manual but committed to providing the accurate figure without using your email for spam.