53.5
Fair
Property score
53.5
Fair
Overall 53.5
Larger but older than most nearby homes
1,044 sqft (top 28%)
Built in 1916 (32 yrs older 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
10% larger than neighborhood avg.
Year Built
Below average
32 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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53.5 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: #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
392 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 235 m), 1 shopping (nearest 250 m), 5 parks (nearest 366 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 23% | Bottom 27% | Bottom 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | 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: 392 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1916, presents a classic character property in Winnipeg's King Edward neighbourhood. With 1,044 sqft of living space, it offers above-average roominess for both its immediate street and local area, though it sits on a modest, typically city-sized lot. Key features include a detached garage and an unrenovated basement, indicating potential for customization.
The primary appeal lies in its position as a relatively spacious home within its historic community, offered at a very accessible price point, as reflected in its assessed value. It suits practical, value-conscious buyers—such as first-time homeowners, investors, or downsizers—who are comfortable with a home of this vintage and see potential in its existing structure. A thoughtful perspective is that its "below average" land area and assessed value citywide are not drawbacks here, but rather define its niche: it offers the essence of a single-family home without the premium price tag of a larger lot, making homeownership attainable in a established neighbourhood.
Section 2: Frequently Asked Questions
1. What does the "above average" living area ranking mean?
Compared to similar homes on Ferry Road and in the King Edward area, this home's living space is in the top 30% for size. It provides more interior room than many of its direct peers.
2. Why is the assessed value so much lower than the citywide average?
The citywide average includes all property types and newer, larger homes across Winnipeg. This home's assessed value is typical for its specific locale and older, more modest character, which is reflected in its "around average" ranking for the street and neighbourhood.
3. What should I know about a home built in 1916?
Buyers should anticipate the charm and potential upkeep of a 110-year-old structure. This includes the possibility of older mechanical systems, materials, and layout. The unrenovated basement is a clear canvas but may require addressing foundational or moisture concerns common to homes of this era.
4. How does the lot size impact the property?
The lot is smaller than many in the city. This means lower maintenance but also limited space for extensive additions, landscaping, or outdoor recreation. It emphasizes the home itself and a efficient use of outdoor space.
5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, move-in-ready home without projects, those requiring extensive yard space, or anyone hesitant about the maintenance and potential upgrade costs associated with a century-old home.
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