38.8
Below average
Property score
38.8
Below average
Overall 38.8
Smaller than most nearby homes
680 sqft (bottom 10%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~67.5k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 5 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
Below average
29% smaller than neighborhood avg.
Year Built
Near average
30 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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38.8 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
321 Ferry Road — 16 amenities found within 500 m, across 5 categories, including 5 dining (nearest 75 m), 1 healthcare (nearest 437 m), 2 shopping (nearest 78 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 321 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 39% | Bottom 46% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This one-storey home at 321 Ferry Road in Winnipeg's King Edward neighbourhood presents a compact, no-fuss living option. Its primary appeal lies in its affordability and straightforward layout, anchored by a renovated basement that adds functional space. At 680 sqft, the living area is notably smaller than most homes in the city, but this translates to a very low assessed value, making it one of the most accessible price points in the market. The detached garage and a decently-sized lot for the area are practical assets.
The home suits first-time buyers seeking an entry into homeownership with minimal financial overhead, or investors looking for a manageable rental property. Its smaller scale also appeals to those looking to downsize or who prefer a low-maintenance lifestyle. A thoughtful perspective is that this property represents a pure value play on land and location, where the existing structure is simple enough to be adapted or expanded over time by a buyer willing to invest sweat equity. Its age (built in 1918) suggests character, but also means systems and structure should be carefully evaluated.
1. Is the house too small?
At 680 sqft, it is significantly smaller than the Winnipeg average. It’s best suited for individuals, couples, or those who prioritize efficient living and low utility costs over spaciousness. The renovated basement effectively adds usable space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and the comparative values in its immediate area. It positions the property in the bottom third of its local market, which is the core driver of its affordability.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or quality. Buyers should inquire about the permits, finish quality, ceiling height, and whether it includes a separate entrance or legal suite potential.
4. How does the recent sale history inform the current value?
The home sold in September 2022 for an estimated range of $21.5k-$24.5k, which is close to its current $19.3k assessment. This suggests a stable, low-value market for the property, but current conditions and the exact sale price should be verified.
5. What are the major considerations with a home from 1918?
While the structure has stood for over a century, key considerations include the age and condition of the foundation, roof, plumbing, and wiring. The potential for historical charm comes with the responsibility of maintaining an older home, though a recent basement renovation may have addressed some issues.
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