Property score
51.2
Fair
Overall 51.2 · Larger but older than most nearby homes
1,050 sqft (top 27%) · Built in 1912 (36 yrs older 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, 4 shops, and 6 parks nearby
Living Area
Above average
10% larger than neighborhood avg.
Year Built
Below average
36 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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51.2 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
248 Ferry Road — 32 amenities found within 500 m, across 6 categories, including 12 dining (nearest 208 m), 3 education (nearest 339 m), 4 shopping (nearest 142 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 | Bottom 47% | Top 49% | Bottom 22% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 35% | Bottom 39% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
248 Ferry Road is a classic one-and-a-half storey home in Winnipeg's King Edward neighbourhood. Built in 1912, it offers 1,050 sqft of living space on a 2,499 sqft lot. The home presents a specific value proposition, characterized by its historic charm and its position as a more modestly-sized property within its context.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficiency and location. With a living area that is above average for both Ferry Road and the wider King Edward neighbourhood, it offers comfortable space without excessive upkeep. Its assessed value is notably below the citywide average, suggesting a potentially accessible entry point into the market. The lot size, while smaller than many city properties, is manageable and typical for the immediate area.
This property would suit a first-time buyer, an investor, or someone seeking a downsized, low-maintenance home in a central neighbourhood. Its historic age (1912) is a double-edged sword; it offers character but implies a greater need for attention to maintenance and systems compared to a newer build. The appeal is practical rather than luxurious, focusing on fundamentals in a established community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
This is primarily due to the home's smaller size, older age, and the specific market dynamics of the King Edward neighbourhood compared to newer or larger suburban properties citywide.
2. What does the home’s age (1912) mean for a buyer?
It indicates classic construction and charm, but buyers should budget for potential updates to major systems like wiring, plumbing, or insulation, and anticipate a thorough inspection.
3. How does the lot size impact the property?
At 2,499 sqft, the lot is manageable for low-maintenance landscaping but offers limited space for large additions or extensive outdoor amenities. It is a typical size for homes on this street.
4. The home sold recently in 2021 and 2023. What does that indicate?
The recent sales activity could suggest a number of things, from investor turnover to a previous owner’s changed circumstances. It highlights the importance of understanding the reasons for the quick sales through due diligence.
5. Is the living space sufficient for a small family?
At 1,050 sqft, the space is functional for a small family or couple. The one-and-a-half storey design often means bedrooms are on the upper level, which should be evaluated for ceiling heights and layout suitability.
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