41.3
Below average
Property score
41.3
Below average
Overall 41.3
Smaller and older than most nearby homes
720 sqft (bottom 16%)
Built in 1914 (34 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, 2 schools, 1 healthcare facility, and 4 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
34 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
281 Ferry Road — 32 amenities found within 500 m, across 7 categories, including 12 dining (nearest 222 m), 2 education (nearest 466 m), 1 healthcare (nearest 487 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 281 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 21% | Bottom 25% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
281 Ferry Road is a compact, one-storey home built in 1914, situated on a standard-sized lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the housing market. With a living area of 720 sqft, it is notably smaller than most homes in the city, but its assessed value is proportionally low, reflecting its scale and vintage. The home lacks a basement, garage, and pool.
This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. Its value is functional rather than luxurious, offering the fundamentals of homeownership. A thoughtful perspective is that its age and simple structure could mean fewer complex systems to maintain than a newer, more built-out home, though it may also require updates. It’s a practical choice for those comfortable with a cozy living space who prioritize location and affordability over size.
Frequently Asked Questions
1. What are the main things to know about this home's size and value?
This is a smaller home (720 sqft) on a decent lot (~2,700 sqft). Its assessed value is below the city average, which aligns with its compact size and older age, making it a lower-cost option in the market.
2. Who would this property be a good fit for?
It's best suited for first-time homebuyers, investors, or downsizers looking for an affordable, no-frills property. It appeals to those who value a straightforward, manageable living space without the upkeep of a larger home or yard.
3. What does "no basement" practically mean for storage and utilities?
Without a basement, all living, storage, and mechanical systems (like the furnace and water heater) are on the main floor. This limits storage space but can also mean easier access for maintenance and no risk of basement flooding.
4. How does this home compare to others in the area?
The home is older and smaller than most on its street and in the wider King Edward neighbourhood. However, its assessed value is around the neighbourhood average, suggesting it's priced in line with local expectations for a home of its type.
5. The home was built in 1914. What should I consider?
While the structure has proven durable, a home of this age will likely need updates to wiring, plumbing, and insulation to meet modern standards and efficiency. A thorough inspection is essential to understand the condition and any needed investments.
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