Property Overview: 201 Ferndale Avenue, Norwood West, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is defined by its impressive scale and generous lot, standing out significantly within its established Norwood West neighborhood. Its primary appeal lies in offering substantial space, both indoors and out. With 2,537 square feet of living area, it ranks in the top 1-3% compared to nearby and city-wide homes. The 7,197 square foot lot is similarly exceptional, placing in the top 4-5% on the street and in the area. This combination is rare for an inner-city neighborhood, providing ample room for family living, entertaining, or future expansion.

The property’s assessed value of $550,000 is consistently above average across all comparison levels, reflecting its premium attributes. A key, less obvious perspective is the home’s age. Built in 1910, it is notably older than most area homes, which presents a classic charm but also suggests that its condition and any updates will be a primary focus for buyers. The value here is likely rooted more in its generous footprint and location than in modern finishes.

This property would best suit a buyer looking for a character home with unparalleled space potential in a central location. It is ideal for those who prioritize lot size and interior square footage over a newer build, and who are prepared to embrace the character and potential maintenance of a century-old home. It could appeal to a growing family, someone interested in gardens or outdoor space, or a buyer viewing the substantial lot as a long-term investment in the neighborhood.

Frequently Asked Questions

1. How does the age of the home (1910) impact its value and appeal?
The age is a defining characteristic. It contributes to the home’s character and is typical for the area's original housing stock. However, it means buyers should pay close attention to the condition of major systems (roof, plumbing, electrical, foundation) and any renovations. The value is strongly supported by the large lot and living space, which often outweigh age concerns for the right buyer.

2. The living area and lot size are ranked very high. What does this mean practically?
Practically, this means you are getting significantly more indoor and outdoor space than almost any other home on the street or in Norwood West. It offers rare potential for privacy, landscaping, additions, or outdoor living areas that are hard to find in mature neighborhoods.

3. The assessed value is above average, but not in the "Elite" tier like the living area. Why?
This is likely due to the home’s older age, which can moderate assessed value despite its standout size. Assessments consider multiple factors, and while the square footage and lot are elite, the year built and potentially the home’s condition or interior updates pull its overall valuation into a strong "above average" category rather than the top percentile.

4. What can the 2021 sale price range tell me?
The previous sale in the range of $550,000-$600,000 provides a recent market benchmark. It shows the price point at which the home last transacted, which can be a useful reference point alongside the current assessed value and any market changes since 2021.

5. How do I find out the exact historical sold prices for this property?
The site does not display MLS sold data. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup by email through the provided form on the property page. The service is free and they state they will not use your email for marketing.