Property score
43.1
Below average
Overall 43.1 · Smaller than most nearby homes
783 sqft (bottom 27%) · Built in 1918 (30 yrs older than avg)
Located in a above-average income area with median household income of ~75.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 10 dining spots, 3 shops, 5 parks, and 1 fuel station nearby
Living Area
Below average
18% smaller than neighborhood avg.
Taon ng Paggawa
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 85%Tagalog · 4%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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43.1 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 na bahay (hindi 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: #46110252
$76K
Median household income
$88K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
36%
Single-person households
14%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Lupa: mas malaki = mas magandang ranggo
Taon: mas bago = mas magandang ranggo
Living area: mas malaki = mas magandang ranggo
Assessed value: mas mataas = mas magandang ranggo
Bar: ang haba ng fill ≈ bahagdan ng mga kapantay na na-outperform mo; gradient na pula → dilaw → asul sa axis (pakaliwa pakanan). Putol-putol na vertical line ≈ median benchmark; puting tick (may shadow) = posisyon mo. Mga kulay ng badge / diamond at flame icon ay sumasalamin pa rin sa tier.
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.
Mga malapit na hinto, ruta at transit score
Dining, education, healthcare, shopping & more
294 Ferry Road — 22 amenities found within 500 m, across 5 categories, including 10 dining (nearest 173 m), 3 shopping (nearest 138 m), 5 parks (nearest 40 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%
Parehong kalye
Parehong lugar
Buong lungsod
| Sukat | Parehong kalye | Parehong lugar | Buong lungsod |
|---|---|---|---|
Presyo ng benta | Bottom 1% | Bottom 3% | Bottom 2% |
Humiling ng eksaktong mga numero sa email
Address · Year Built · Living Area
Address · Distansya
Address · Assessed Value
Property Overview: 294 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Ferry Road is a modest, century-old property (built 1918) that presents a clear value proposition centered on affordability and potential. With 783 square feet of living space and a 2,487 sqft lot, it is compact and sits on a smaller parcel relative to most homes in the King Edward neighbourhood and Winnipeg overall. Its most defining characteristic is its exceptionally low municipal assessed value ($14,700), which places it in the bottom 3% of comparable properties citywide. This indicates a significant opportunity for a buyer looking for an entry point into the market.
The appeal lies squarely in its price point and the chance to shape a property to one's own needs. It suits a specific type of buyer: the hands-on renovator, the investor seeking a rental property with a very low cost basis, or a first-time buyer prioritizing minimal mortgage debt over move-in-ready condition. The unrenovated basement and the home's age suggest it requires work, making it a project. A thoughtful perspective is that its small size and low operating costs could align well with a minimalist or downsizing lifestyle, while its established neighbourhood location offers more stability and community than newer, peripheral subdivisions.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
A very low assessed value typically reflects the property's age, smaller size, condition, and lack of recent major renovations compared to the broader market. It is a baseline for municipal taxation, not market value, but strongly indicates a lower-cost entry point.
2. What does "below average" for living area mean for daily life?
At 783 sqft, the living space is efficient and compact. It necessitates thoughtful organization and is likely best for a single person, a couple, or a small family comfortable with cozy quarters. It may not suit those needing dedicated home office space or multiple large living areas.
3. Who would this property not be suitable for?
It would likely not suit buyers seeking a turn-key, modern home without renovation projects. Those requiring ample indoor space, a garage, or a large yard for recreation may also find it too limited.
4. The home sold in 2017 for a very low price. What does that history suggest?
The prior sale price range ($10.5K - $13.5K) is consistent with a property in need of significant investment. It underscores the home's long-standing status as a value-priced project and highlights the potential for equity growth through improvements.
5. Is the smaller lot size a major disadvantage?
While below average in size, the lot is still a useable outdoor space. For some, a smaller yard means less maintenance. The trade-off is less private outdoor area, but the property maintains its detached home status, which often carries more value than a condo or townhouse.
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