70.4
Good
Property score
70.4
Good
Overall 70.4
Larger and newer than most nearby homes
1,356 sqft (top 7%)
Built in 2024 (76 yrs newer 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
Above average
42% larger than neighborhood avg.
Year Built
Above average
76 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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70.4 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
406 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 281 m), 1 shopping (nearest 304 m), 5 parks (nearest 339 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 3% | Top 1% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 41% | Bottom 47% | Bottom 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 25% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 406 Ferry Road, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2024, is a modern offering in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction, providing move-in readiness with a renovated basement and freedom from major immediate repairs. At 1,356 sqft, the living space is notably above average for both the immediate street and the broader area.
The data reveals a compelling contrast: while the lot size is compact relative to city and neighbourhood norms, the property excels in its assessed value rankings, placing in the top 3% on its street and top 2% in King Edward. This suggests a premium is placed on the home's newness and condition over land size. It recently sold in late 2024 for a price significantly higher than its previous 2021 sale, indicating strong perceived value growth.
This home would suit buyers prioritizing modern builds, low maintenance, and efficient use of interior space over a large yard. It’s a practical choice for professionals, small families, or investors seeking a newer property in an established area without the footprint or upkeep of a larger lot.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that, compared to similar homes on Ferry Road and in King Edward, this property is officially valued in the elite top 2-3%. This is primarily driven by its new construction (2024) and above-average living area, offsetting its smaller lot size.
2. Is the compact lot a disadvantage?
It depends on your lifestyle. The lot is smaller than typical for the city, which means less outdoor maintenance but also limited private yard space. The trade-off is a modern, spacious interior on a more manageable property.
3. Why did the sale price increase so much between 2021 and 2024?
The 2021 sale likely reflected the value of the vacant lot or early construction phase. The late 2024 sale price represents the completed, new home, explaining the significant jump. This pattern is common for new builds.
4. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The property's immediate context on Ferry Road consists of mixed-vintage homes, with this house being the newest by a significant margin according to the data.
5. Are there any obvious drawbacks?
The home has no garage, which is a consideration for vehicle storage or workshop space. The lot is also narrower and deeper than some, influencing backyard privacy and layout potential.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
