Property score
47.8
Below average
Overall 47.8 · Smaller but newer than most nearby homes
714 sqft (bottom 15%) · Built in 1989 (41 yrs newer than avg)
Located in a above-average income area with median household income of ~67.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 12 dining spots, 3 schools, 5 shops, and 6 parks nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Above average
41 yrs newer 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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47.8 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
242 Ferry Road — 33 amenities found within 500 m, across 6 categories, including 12 dining (nearest 185 m), 3 education (nearest 316 m), 5 shopping (nearest 119 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Top 41% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1989 bi-level home at 242 Ferry Road in Winnipeg's King Edward neighbourhood presents a practical, entry-level opportunity. Its key appeal lies in being a relatively modern home in a city with many older properties, offering a renovated basement and a detached garage. At 714 sqft, the living space is compact, ranking below average for the area, which suggests a focus on efficient, low-maintenance living rather than spaciousness. The assessed value is around average for its immediate vicinity, indicating a fair market positioning.
The property would suit first-time buyers or investors looking for a manageable footprint with modernized essentials. Its smaller lot size (2,498 sqft) means less yard work, appealing to those seeking a home base without extensive outdoor upkeep. A thoughtful perspective is that its newer construction (1989) likely means fewer immediate major repair concerns compared to the neighbourhood's many century-old homes, potentially offering peace of mind over pure square footage. It’s a home for pragmatic buyers who value a renovated condition and a simpler footprint over size.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area is 714 square feet, which is below the average for homes on Ferry Road, in the King Edward neighbourhood, and across Winnipeg. This indicates a compact, efficient layout.
2. Is the assessed value typical for the area?
Yes. The assessed value is around the average for comparable homes on Ferry Road and in King Edward, though it is below the city-wide average. This suggests it is priced consistently within its immediate market.
3. What are the advantages of a 1989 build year in this neighbourhood?
King Edward has many homes built in the early 1900s. A 1989 build is significantly newer, often implying more modern construction standards, wiring, and plumbing, which can reduce the likelihood of major, costly updates.
4. What is the lot size, and what does it mean for maintenance?
The lot is 2,498 sqft, which is below average for the area. This typically translates to less yard maintenance, which can be a benefit for owners seeking a lower-maintenance property.
5. Where can I find the exact historical sold price?
Exact sold prices are not publicly displayed. You can request the precise sale history by emailing the listing service; they provide the information manually without using your email for unsolicited marketing.
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