Property Overview

41 West Fernwood Avenue is a compact, character home in Winnipeg's Norberry neighbourhood. Built in 1928, it offers 779 sqft of living space on a nearly 5,000 sqft lot, with a current assessed value of $329,000. The data presents a home that is smaller than most comparables but sits on a decent-sized lot for its street, offering a specific value proposition in the market.

Key Characteristics & Appeal

This home’s primary appeal lies in its efficient scale and established lot. While its living space is notably below average for the area, its assessed value is competitive, suggesting the value is anchored more in the land and location than in the size of the dwelling. It’s a classic "starter home" or "downsizer" prospect, suited for a first-time buyer comfortable with a cozy footprint or an investor looking for a manageable rental property in a stable neighbourhood. A thoughtful perspective is that a smaller home on a good-sized lot presents a clearer long-term value: the existing structure meets immediate needs, while the lot holds potential for future expansion or landscaping, something not always available with newer, densely packed infill properties. Its last known sale was between $200k-$250k in late 2021, indicating significant equity growth if similar market conditions hold.

Frequently Asked Questions

1. Is the house too small?
At 779 sqft, the living area is significantly smaller than the neighbourhood average (approx. 1,112 sqft). It would suit a single person, a couple, or a very small family comfortable with efficient living spaces. A thorough in-person viewing is essential to gauge if the layout meets your needs.

2. How does the assessed value compare?
The $329k assessment is very close to the Norberry area average, suggesting the city sees value here commensurate with the market. It’s important to note that assessed value is for tax purposes; market value can differ based on condition, updates, and current buyer demand.

3. What does the lot size offer?
The 4,994 sqft lot is slightly below the area average but is a generous canvas for its street. It provides ample outdoor space for gardening, recreation, or future projects like a shed or deck, which is a key asset not reflected in the home's square footage.

4. What should I know about the age of the home?
Built in 1928, the home is older than most in Winnipeg. This often means character and established trees, but it also necessitates a diligent inspection for the condition of foundational systems like wiring, plumbing, and the roof. Budgeting for maintenance is prudent.

5. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. For the exact sale history and verified figures, you must request a manual lookup via email, as this information is not sourced from the MLS and is provided directly by the site’s team.