48.5
Below average
Property score
48.5
Below average
Overall 48.5
Older than most nearby homes
939 sqft (top 42%)
Built in 1912 (36 yrs older than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 8 dining spots, 1 healthcare facility, 2 shops, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% smaller 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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48.5 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
309 Ferry Road — 20 amenities found within 500 m, across 6 categories, including 8 dining (nearest 118 m), 1 healthcare (nearest 447 m), 2 shopping (nearest 115 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 309 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 19% | Bottom 21% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 309 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character property in Winnipeg's King Edward neighbourhood. With 939 square feet of living space and a full (unrenovated) basement, it sits on a 2,697 sqft lot. The home lacks a garage or pool. Its assessed value is notably modest compared to the Winnipeg city-wide average, but it aligns more closely with the averages for Ferry Road and the King Edward area.
The primary appeal lies in its position as an affordable, no-frills entry point into homeownership. It suits first-time buyers, investors, or downsizers comfortable with a home that requires updates. A thoughtful perspective is its relative size: while below the city average, the living area is quite typical for its immediate street and neighbourhood, suggesting it fits the local housing fabric well. Its age, while significant, is not uncommon for the area, offering authentic charm but implying a need for attention to maintenance and systems. The lot size, while smaller than many city properties, is efficiently proportioned for low-maintenance living.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value ($22,600) is a municipal figure for tax purposes and is typically well below market value. Recent sold price data for the area suggests market value will be higher, but it indicates a property in a lower price tier.
2. Is the unrenovated basement a major concern?
It represents both a drawback and an opportunity. It may lack modern finishes or have moisture concerns common in older homes, requiring inspection. However, it also provides blank-canvas storage or future living space for a buyer willing to invest in renovations.
3. How does the property truly compare to others nearby?
The data shows it's very average for Ferry Road and King Edward in terms of size and value, but its construction year is among the oldest. This means you're buying a typical home for the block, but one with more historic character—and likely more upkeep—than some peers.
4. What are the implications of not having a garage?
This limits secure storage and off-street parking. Buyers should assess street parking availability and consider the cost of adding a shed or parking pad if needed.
5. The sold price history shows a sale in 2016. What can be inferred?
The previous sale price range (approximately $16.5k-$19.5k) and the current assessed value indicate the property has held or slightly increased in its tax-assessed value over nearly a decade, but market conditions have likely shifted significantly. This history primarily confirms it has been a stable, low-value asset in the area.
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