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
408 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 287 m), 1 shopping (nearest 311 m), 5 parks (nearest 333 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 2% | Top 1% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 408 Ferry Road, Winnipeg
Key Characteristics & Appeal
This two-storey home at 408 Ferry Road is a modern residence built in 2024, offering a move-in-ready opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction status and above-average interior space. With 1,356 sqft of living area, it ranks within the top 7% of homes in the local area for size, providing more room than most nearby comparables. The home features a renovated basement, adding to its functional space.
The property stands out for its elite assessed value ranking within its immediate vicinity, indicating it is perceived as a premium offering on its street and in the neighbourhood. This suggests high-quality finishes and modern systems. However, the lot size is notably smaller than area averages, which is a typical trade-off for newer infill construction in established areas.
This home would best suit buyers looking for a modern, low-maintenance property without the wait of a build, and who prioritize interior space and contemporary amenities over a large yard. It’s ideal for professionals, small families, or downsizers seeking a new home in a central location without sacrificing square footage.
Frequently Asked Questions
1. How does the lot size impact the property?
While the home itself is spacious, the lot is smaller than most in the area. This means lower outdoor maintenance but limited private yard space. The value is squarely in the building itself.
2. Why is the assessed value so high compared to nearby sold prices?
The assessed value reflects the property's new construction status, modern materials, and current market valuation for the structure itself. The older, smaller homes that have recently sold nearby are not direct comparables, as they represent the value of the land plus an older home, often purchased for redevelopment.
3. What are the benefits of a home built in 2024?
You benefit from modern building codes, energy efficiency, new appliances, and contemporary electrical and plumbing systems. It also likely comes with builder warranties, offering peace of mind against major repairs in the immediate future.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city if considering a rental income opportunity.
5. What is the neighbourhood character like?
King Edward is an established, central neighbourhood. A brand-new home like this on a street with older properties offers modern comfort but may have a different aesthetic and scale than its neighbours. This can be appealing for those wanting a new home in a mature, tree-lined area.
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