64.5
Fair
Property score
64.5
Fair
Overall 64.5
Newer than most nearby homes
1,027 sqft (top 31%)
Built in 2022 (74 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 school, 1 shop, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
8% larger than neighborhood avg.
Year Built
Above average
74 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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64.5 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
439 Ferry Road — 8 amenities found within 500 m, across 5 categories, including 2 dining (nearest 370 m), 1 education (nearest 469 m), 1 shopping (nearest 422 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%
Local garbage, recycling, and yard waste pickup schedule for 439 Ferry Road.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 8% | Top 4% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 439 Ferry Road, Winnipeg
Key Characteristics & Appeal
This one-storey home on Ferry Road in the King Edward neighbourhood is defined by its modern foundation and strong value proposition within its immediate area. Built in 2022, it is a notably new construction in a neighbourhood of mostly older homes, ranking in the top 2-4% for its recent build year locally. With 1,027 sqft of living space, it offers above-average room for the street and neighbourhood. Its primary appeal lies in its move-in readiness, modern systems, and a recently renovated basement, all without the premium often associated with brand-new subdivisions.
The home’s assessed value of $38.5k stands out significantly on Ferry Road and in King Edward, ranking in the top 5-8%, indicating it is viewed as a higher-value property among its direct peers. This suggests quality finishes or desirable modern features for the area. The lot is modest, especially compared to the Winnipeg average, which translates to lower maintenance—a practical perk.
This property would suit a first-time buyer or downsizer seeking a modern, low-maintenance home in an established inner-city neighbourhood. It’s also a sensible fit for an investor looking for a newer, potentially more durable asset with a renovated basement for rental income. The appeal is practical: a contemporary home without the wait or high cost of a custom build, positioned in a community with mature character.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value reflects the home’s new construction (2022) and renovated basement. In an area where most homes are decades older, modern builds with updated amenities are assessed at a premium due to their condition, systems, and expected lower maintenance costs.
2. What are the implications of the smaller lot size?
The lot is below average in size for both the neighbourhood and city. This means less yard maintenance, which is a benefit for those seeking simplicity. However, it also limits potential for large additions, pools, or extensive outdoor living spaces.
3. Is this a good investment compared to an older home on a bigger lot?
It depends on your priorities. This home offers modern efficiency and immediate livability, potentially saving on near-term repair costs. An older home on a larger lot might offer more long-term redevelopment potential but likely requires more upfront investment in updates.
4. The home sold in 2022 for roughly $40.5k-$43.5k. Why is the assessed value now $38.5k?
Assessed value for property tax purposes is an estimate of market value by the municipal assessor, often based on mass appraisal techniques and may not perfectly match a specific past or future sale price. It can also be influenced by broader market trends and comparable sales.
5. What is the neighbourhood (King Edward) like?
King Edward is an established, central Winnipeg neighbourhood. The home’s rankings show it is above average in size and value within this area, suggesting it is positioned in a desirable pocket. Prospective buyers should explore the specific street and nearby amenities to gauge fit.
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