Property Overview: 142 Ferndale Avenue, Norwood West

This 1,310 sqft home, built in 1941 on a 5,998 sqft lot, presents a compelling blend of established character and tangible value within its sought-after Winnipeg neighbourhood. Its appeal is rooted in its strong lot size and assessed value relative to immediate peers, suggesting a property that holds its ground in a mature area. The data indicates a home that isn't the largest on the block but is positioned on a parcel of land that is notably larger than most on its street. This creates a valuable proposition: a classic home with ample outdoor space in a central location. It would particularly suit a buyer who appreciates the established trees and quieter feel of Norwood West, values a generous yard over maximum interior square footage, and is prepared for the maintenance or thoughtful updates that come with an 85-year-old home. A thoughtful perspective is that while the home's size is average for the city, its above-average assessed value on the street hints at either desirable updates, a premium lot location, or a combination of factors that the market recognizes.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home's assessed value of $449,000 is above the average for Ferndale Avenue ($413,400), ranking it in the top 29% on its own street. This suggests it is valued higher than many comparable homes nearby.

2. Is the lot size a significant feature?
Yes. The lot of nearly 6,000 sqft ranks in the top 7% on Ferndale Avenue, meaning it is substantially larger than most lots on the street. This is a key asset, offering more private outdoor space than is typical for the immediate area.

3. What should I consider about the home’s age?
Built in 1941, the home is newer than many on its street (ranking in the top 14%), but it is still an 85-year-old character home. Buyers should budget for potential updates to major aging components like the roof, plumbing, or electrical systems, while also appreciating the craftsmanship of its era.

4. What do the past sale prices indicate?
The home sold in 2020 for an estimated $450k-$500k and in 2016 for $300k-$350k. This history shows significant appreciation over that period, consistent with broader market trends. Exact sale prices can be requested from the site.

5. How does this property fit within the wider Winnipeg market?
Citywide, the home sits in a competitive middle ground: its living area is slightly below the city average, but its assessed value is above average (top 29%). This indicates you are paying for the specific location and lot in Norwood West rather than for maximum interior space.