46.9
Below average
Property score
46.9
Below average
Overall 46.9
Smaller but newer than most nearby homes
776 sqft (bottom 26%)
Built in 1955 (7 yrs newer than avg)
Located in a above-average income area
with median household income of ~81k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 1 shop, 4 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
Below average
19% smaller than neighborhood avg.
Year Built
Above average
7 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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46.9 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
428 Ferry Road — 8 amenities found within 500 m, across 4 categories, including 2 dining (nearest 362 m), 1 shopping (nearest 394 m), 4 parks (nearest 269 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 45% | Top 39% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
428 Ferry Road is a compact, one-storey home with a renovated basement and a detached garage, situated on a standard-sized lot in Winnipeg's King Edward neighbourhood. Built in 1955, its key appeal lies in its position as a solid, no-frills entry point into the market. The home's living space (776 sq ft) is modest, placing it below the citywide average, but its assessed value is very reasonable and aligns closely with the averages for its immediate street and neighbourhood. This suggests it is priced appropriately within its local context, not carrying a premium for size or luxury, but rather for its location and lot.
The property would suit first-time buyers, downsizers, or practical investors looking for a straightforward, lower-maintenance home in an established area. Its renovated basement adds functional living space, a valuable asset in a smaller footprint home. A thoughtful perspective is that while the home ranks below average in size citywide, it is very typical for its specific community, offering a chance to own a manageable property without the overhead of a larger, more expensive modern home. Its value is in its practicality and location, not in expansive square footage.
Frequently Asked Questions
1. Is the house too small?
At 776 sq ft of living area, it is certainly compact and below the Winnipeg average. However, it is very typical for the King Edward neighbourhood and on Ferry Road itself. The renovated basement provides additional functional space, making it a practical option for individuals, couples, or those comfortable with efficient living.
2. How does the assessed value compare?
The assessed value is around average for the immediate area, which is a positive sign it is not overvalued for its location. It is notably below the citywide average assessed value, reflecting the home's smaller size and the neighbourhood's character.
3. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The data shows homes here are generally older and on smaller lots compared to the city as a whole, indicating a mature, community-focused area rather than a suburban one.
4. What are the potential downsides?
The main consideration is space; it is not a home for those who need multiple large rooms or ample storage. Being built in 1955, while not the oldest on the street, means systems like plumbing or electrical may eventually need updates, despite the basement renovation.
5. Who would this property not suit?
It would likely not meet the needs of growing families requiring multiple bedrooms and more living space, or buyers seeking a modern, open-concept layout. It is best viewed as a pragmatic housing solution rather than a long-term family or entertainment-focused home.
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