Property Overview: 1088 Fernbank Avenue

Section 1: Key Characteristics & Appeal

This property at 1088 Fernbank Avenue in Winnipeg’s Rosser-Old Kildonan area presents a unique profile defined by its land value and location. Its primary characteristic is a sizable 2,360 sqft lot, which ranks within the top third for size on its own street and impressively in the top 1% for the entire neighbourhood. This suggests a premium parcel of land, especially for the area. The assessed value is notably low, which typically indicates a vacant lot or a structure of very minimal value. The appeal here lies squarely in the land itself and the potential it represents. It suits a specific type of buyer: those looking for a blank canvas to build a new home to their exact specifications, investors interested in land banking, or developers familiar with the area’s potential. A less obvious perspective is that a lot of this relative size in an established neighbourhood offers a rare opportunity to create a modern living space without the constraints of an existing older structure, potentially blending new energy efficiency with mature surroundings.

Section 2: Frequently Asked Questions

1. Is this a vacant lot?
While the listing does not explicitly state it, the extremely low assessed value combined with the absence of data for living area, year built, basement, or building type strongly suggests this is a vacant residential lot.

2. What makes this lot desirable?
The lot size is its main asset, ranking highly within both the immediate street and the broader Rosser-Old Kildonan neighbourhood. This offers more space for a home, yard, and landscaping than many surrounding properties.

3. What should I investigate before considering a purchase?
Essential due diligence includes checking the City of Winnipeg’s zoning bylaws for the property to understand what can be built, verifying service connections (water, sewer, gas, electricity), and investigating any potential development fees or restrictions.

4. Why is the assessed value so much lower than nearby homes?
The assessment reflects the value of the land only. Nearby homes with similar addresses but much higher assessed values (e.g., $110k-$120k) include the value of a dwelling, whereas this listing is for the land parcel itself.

5. Are utilities available at the lot line?
This is a critical question for a building lot. Prospective buyers must contact the local utility providers or the city directly to confirm the availability and cost of connecting water, sewer, natural gas, and electricity.