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 82.0
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
412 Ferry Road — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 301 m), 1 shopping (nearest 326 m), 5 parks (nearest 321 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% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 412 Ferry Road, Winnipeg
Section 1: 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 being a like-new property, requiring no immediate updates or renovations. The 1,356 sqft living space is notably above average for both the immediate street and the broader neighbourhood, offering more room than most nearby homes. It features a renovated basement, adding to its functional space.
The property’s standout characteristic is its exceptional assessed value ranking—it sits in the top 3% on its street and top 2% in King Edward. This suggests a strong perceived value relative to its surroundings, likely driven by its new construction and size. It would suit buyers seeking a modern, move-in-ready home who prioritize low maintenance and contemporary builds over a large yard, as the land area is more compact than typical city lots. It’s a practical choice for professionals, small families, or downsizers looking for a newer home in an established area without the premium often associated with brand-new suburban developments.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to neighbours?
The assessed value reflects the property's very recent construction (2024) and its above-average living area. As a modern home with a renovated basement, it carries a higher valuation than the neighbourhood's older, often smaller housing stock.
2. What are the trade-offs for a newer home in this area?
The main trade-off is land size. The lot is more compact than the Winnipeg average, meaning smaller outdoor private space. In return, you get a modern layout, new systems (like plumbing and electrical), and no looming replacement costs for major aging components.
3. Is the sold price history reliable?
The listed sold price is an estimated range from public data. For the exact sale price, you must request it directly from SaveOnHouse via email. They provide this detail manually and state they do not use the contact for unsolicited marketing.
4. How does the living area compare practically?
At 1,356 sqft, this home offers significantly more interior space than the average King Edward home (approx. 952 sqft). This means more room for living, working, and storage compared to most options in the immediate area.
5. What is the context of the "Elite" rankings for Year Built?
This simply means it is one of the newest homes in its comparison groups. On Ferry Road, it is the newest of 247 properties. This highlights its rarity as a recent build in a mature neighbourhood.
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