41.1
Below average
Property score
41.1
Below average
Overall 41.1
Smaller than most nearby homes
675 sqft (bottom 8%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 1 shop, 5 parks, and 1 place of worship 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 · 64%Tagalog · 14%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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41.1 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 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: #46110240
$81K
Median household income
$90K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
23%
Single-person households
27%
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
380 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 200 m), 1 shopping (nearest 205 m), 5 parks (nearest 338 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 21% | Bottom 25% | Bottom 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 5% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 380 Ferry Road, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard-sized lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with 675 sq ft of living space and an unrenovated basement. The home has a detached garage. The data indicates it is notably smaller and has a significantly lower assessed value than both the Winnipeg city average and most homes in its immediate area.
The primary appeal lies in its position as an accessible entry point into the market. It suits a specific type of buyer: those seeking a minimal footprint, first-time buyers comfortable with a project, or investors looking for a straightforward rental property. Its very low property taxes, due to the low assessment, are a clear financial advantage. A less obvious perspective is that a home of this size and vintage, while requiring updates, offers a manageable scale for someone wanting to minimize both their physical space and financial overhead. It represents a pure value play on owning land and a structure in the city, rather than a move-in-ready feature home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based primarily on the home's very small size (675 sq ft), its age, and the condition of its finishes and systems. It reflects the market value for a modest, unrenovated property rather than an error.
2. What does "below average" for living area mean in practical terms?
With 675 sq ft, the living space is significantly smaller than the typical Winnipeg home (~1,342 sq ft). This indicates a compact floor plan with likely one or two bedrooms and limited common areas, emphasizing efficient use of space.
3. Who would this property be most suitable for?
It is best suited for a budget-conscious first-time buyer, an investor, or someone seeking a minimalist lifestyle. It is less suitable for families needing multiple bedrooms or those wanting a modern, turn-key home without renovation work.
4. The home sold in 2025 and 2018. What does that price history suggest?
The sold price ranges show a significant increase from the 2018 sale to the 2025 sale, indicating strong appreciation in this price segment over that period. For exact sold prices, you can request them via email from the site.
5. What are the main considerations regarding the basement and updates?
The basement is noted as "not renovated." Buyers should budget for potential updates to moisture management, insulation, and foundational elements, in addition to any desired cosmetic finishes. The mechanical systems (heating, plumbing, electrical) in a 1918 home also warrant a thorough inspection.
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