71.0
Good
Property score
71.0
Good
Overall 71.0
Larger and newer than most nearby homes
1,256 sqft (top 11%)
Built in 2012 (64 yrs newer than avg)
Located in a above-average income area
with median household income of ~81k
Transit 74.0
3-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
Above average
32% larger than neighborhood avg.
Year Built
Above average
64 yrs newer 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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71.0 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
388 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 219 m), 1 shopping (nearest 230 m), 5 parks (nearest 353 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 | Top 12% | Top 7% | Top 37% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 28% | Top 26% | Bottom 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This two-storey home at 388 Ferry Road in Winnipeg's King Edward neighbourhood presents a compelling blend of modern convenience and established community. Built in 2012, it is a notably newer construction compared to most homes in the area, which typically date back to the mid-20th century. This suggests potentially lower maintenance costs and modern building standards.
The home's primary appeal lies in its efficient use of space and its strong standing within its immediate context. With 1,256 sqft of living space, it is comfortably above average for both Ferry Road and the King Edward neighbourhood. The renovated basement adds functional living area. Its assessed value consistently ranks in the top tiers locally, indicating a perception of solid value relative to nearby properties. The lot size of 4,341 sqft is generous for the street, offering good outdoor space.
This property would suit first-time buyers or downsizers seeking a relatively modern, low-maintenance home in an established inner-city neighbourhood without the uncertainties of a century-old structure. It's also a practical choice for value-conscious buyers who appreciate a home that performs well on key metrics (size, value, age) compared to its direct neighbours, even if it's more average in a city-wide context.
Frequently Asked Questions
1. How does this home's 2012 build date impact its value?
Being built in 2012 is a significant advantage in this neighbourhood. It means major systems (roof, wiring, plumbing, windows) are likely in good condition, offering years of service before costly replacements are needed, unlike many older area homes.
2. The assessed value seems low compared to national averages. Is this accurate?
Yes, the assessed value reflects local Winnipeg market conditions. The key takeaway is not the absolute number, but that it consistently ranks in the top 9-17% within King Edward and on Ferry Road, signaling it is considered a higher-value property in its immediate market.
3. What does the sold price history tell us?
The home sold in 2017 and again in 2022, showing a clear increase in value over that five-year period. This trajectory suggests the property has held and grown in value in recent years.
4. There's no garage. Is parking an issue?
The property listing does not mention a garage, which is common for many homes in older neighbourhoods. Buyers should investigate on-street parking permits or the potential to create a dedicated parking pad on the sizable lot.
5. The living area is above average for the street, but average city-wide. What does this mean?
This highlights the importance of context. The home offers more interior space than most in its immediate area, which is a local advantage. City-wide, it's a comfortably sized but not exceptionally large home, aligning with practical, efficient living rather than sheer square footage.
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