41.3
Below average
Property score
41.3
Below average
Overall 41.3
Smaller than most nearby homes
793 sqft (bottom 29%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 14 dining spots, 3 schools, 5 shops, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 15%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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41.3 is composed by the two sections below.
Property Score
Community Score
King Edward
How to read: Share of sales in each ~$50k price band for “king edward” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110251
$68K
Median household income
$88K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.7
P90 / P10 ratio
37%
Single-person households
19%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
223 Ferry Road — 33 amenities found within 500 m, across 6 categories, including 14 dining (nearest 119 m), 3 education (nearest 250 m), 5 shopping (nearest 74 m).
King Edward · WPS public data · 2026
Annual incidents
32
2026
vs. city avg
+8%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
47%
Local garbage, recycling, and yard waste pickup schedule for 223 Ferry Road.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 223 Ferry Road, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard-sized lot in the King Edward neighbourhood. With 793 square feet of living space, it is notably smaller than both the local and city-wide averages, positioning it as a more manageable property. It features a detached garage and an unrenovated basement. The home’s assessed value is modest and aligns closely with averages for its immediate street and neighbourhood, though it sits below the broader Winnipeg average.
The primary appeal lies in its simplicity and affordability within a central Winnipeg community. It represents a straightforward entry point into homeownership, with property taxes likely reflecting its lower assessment. The smaller scale means lower utility costs and less maintenance, which can be a significant draw. This property would suit first-time buyers, downsizers looking to simplify, or investors seeking a modest rental property. Its unrenovated state offers a blank canvas for someone wanting to add value through updates, though it also means immediate livability may require some work. A thoughtful perspective is that its smaller size and older character offer a lifestyle less focused on maintaining space and more on the practicalities of community living.
Frequently Asked Questions
1. How does the home's size compare to others?
At 793 sqft, the living area is below average for the street, neighbourhood, and especially the city. It ranks in the top 72% on its street (meaning 72% of comparable homes on Ferry Road are larger), indicating it is one of the smaller homes in the immediate area.
2. What is the significance of the assessed value?
The assessed value of $23,400 is around the average for King Edward and Ferry Road, but well below the Winnipeg city average. This typically suggests proportionally lower property taxes, which is a key factor in ongoing affordability.
3. What should I know about the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for potential updates and investigate its current condition, moisture levels, and suitability for storage or future development.
4. Is the land size a pro or a con?
The 2,704 sqft lot is near the average for Ferry Road but below the neighbourhood and city averages. It provides a manageable yard without extensive upkeep, but offers less private outdoor space than many newer properties.
5. How does the age of the home factor in?
Built in 1918, the home is older than most in Winnipeg. This can mean charming character but also necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation, which may need attention or updating.
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