Living Area
—
56.9
Fair
Property score
56.9
Fair
Overall 56.9
Compared with neighbourhood average
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
No data
Compared with neighborhood avg.
Year Built
No data
Compared with neighborhood avg.
Mother tongue
English · 64%Tagalog · 14%
At the time of the last annual property tax assessment, this parcel was still vacant land, so we do not have related building information to show yet. A new home may exist by now—if you need accurate details, contact us using the option in the lower-right corner of the page and we will provide timely information.
Past 10 years King Edward sales snapshot (~80% of all data)
Sold Count
1,128
Median price
356.6k
$/sqft
$349/sqft
Avg build year
1948
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Property score
56.9 is composed by the two sections below.
Property Score
46.3Low
Living Area50Fair
Year Built50Fair
Lot Size2,464 sqft18Low
Neighbourhood Sales Activity71Good
Community Score
72.7Good
Household Income77Good
Education Level44Low
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent
Neighbourhood Sales
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.
Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's
Sales-to-New-Listings
64.6%
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
65%
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.
Area census snapshot
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110240
Community deep dive
$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
Population, labour & age
Population (2021)751
Labour force participation rate70%
Median age36.0
Avg household size2.7
Unemployment rate2%
Population density5006 / km²
Households & income
Low income (LIM-AT, % pop.)8%
Single-person households23%
Couple families with children27%
Median household income (2020)$81K
Housing
Renter households16%
Condominium dwellings0%
Median dwelling value (owners)$276K
Diversity, education & language
Immigrants (share of pop.)35%
Visible minority42%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 63%
Mother tongue (2nd)Tagalog · 14%
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rankings
Tax-Assessed Value
below average129k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 2%
Same street · Ferry Road
#248 / 247
Bottom 1% · Avg 266.1k
Same area · King Edward
#2,384 / 2,385
Bottom 1% · Avg 258.2k
Citywide · Winnipeg
#191,279 / 194,458
Bottom 2% · Avg 390.1k
Year Built
—
Lot Size
below average2,464 sqft
0255075100
Same streetBottom 13%Same areaBottom 10%CitywideBottom 3%
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.
Transit & Walkability
Nearby stops, routes & transit score
Nearby Amenities
Dining, education, healthcare, shopping & more
394 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 242 m), 1 shopping (nearest 258 m), 5 parks (nearest 371 m).
Search radius
🍽️Dining2
🛒Shopping1
🌳Parks5
⛪Worship1
Crime & Safety
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%
Sales History
394 Ferry Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
394 Ferry Road · Sold transaction data notes
Data Source
Sold price data is compiled from publicly available government information, with a current database size of about 90,000 records. After basic verification, it is highly useful for reference, but it should not be the only basis for buy/sell decisions.
This platform does not source data from the MLS system, so no MLS copyright issue is involved.
Data Coverage
Coverage period is from January 2016 to April 2025, with only partial months included for 2018 and 2025.
Data Precision
Not signed in→Sold prices are shown as ranges (one band per $50,000), no exact sold price shownSigned in→Exact sold prices are visible, with more complete data reference
Is Current Data Suitable for You
Due to industry association restrictions, this platform does not integrate MLS sold records and does not display original MLS data. Current sold data shown here comes from public government records and includes some properties sold outside MLS, so coverage can sometimes be broader than MLS.
Suitable for: market trend judgment, price range reference, rough valuation
If you need exact pricing, pre-offer decisions, or full history, request more accurate data via the method below.
How to Get More Accurate Data
Submit your email below. As licensed Manitoba real estate agents, we will manually query authoritative data, verify accuracy, and reply by email.
⏱ Response time: by the same evening at the latest.
Privacy & Commitment
No advertising or marketing emails
No misuse of your email information
All requests are only for data inquiry service
Request exact sold prices and history by email
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Highlights & common questions: 394 Ferry Road, Winnipeg
Property Overview
394 Ferry Road is a compact, early 20th-century home in Winnipeg's King Edward neighbourhood. Its key characteristic is its exceptionally low municipal assessed value, which places it in the bottom tier compared to similar homes on its street, in the area, and across the city. The living area is modest at approximately 730 square feet, situated on a smaller urban lot. The home was built in 1918, making it older than many area averages.
Its primary appeal lies in its position as a potential entry point into the housing market with a very low property tax burden. It suits buyers looking for a minimal holding cost, investors considering a complete renovation or redevelopment project (subject to lot zoning and feasibility), or those seeking a modest, no-frills dwelling in a central location. A thoughtful perspective is that a home with such a low assessment in an established neighbourhood may represent a rare opportunity to add value through improvements, where the owner's investment could significantly outpace the baseline property value.
Frequently Asked Questions
1. What does the assessed value mean for my property taxes?
The municipal assessed value is used to calculate your property taxes. With an assessed value significantly below area averages, this property would likely carry a much lower annual tax bill than most homes in Winnipeg.
2. Is the house livable in its current condition?
The listing does not describe the interior condition. Given the age and assessed value, prospective buyers should budget for inspections and likely updates or repairs. It may be suited for someone comfortable with a renovation project.
3. What are the possibilities for expanding or rebuilding?
The lot is smaller than average for the city. Any plans for a significant addition or rebuild would require careful review of the City of Winnipeg's zoning bylaws, heritage considerations (due to the 1918 build date), and feasibility on the existing footprint.
4. How does the low assessed value affect resale?
While it suggests a lower purchase price, it also indicates the home is currently valued well below norms. Future resale would depend heavily on the market conditions at that time and any improvements made by the owner.
5. What is the King Edward neighbourhood like?
King Edward is a mature, central neighbourhood. It typically offers more affordable housing options, proximity to downtown, and local amenities. As with any area, it's advisable to visit at different times to get a feel for the specific street and community.
Map & Street View
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