Property score
58.7
Fair
Overall 58.7 · Larger but older than most nearby homes
1,072 sqft (top 25%) · Built in 1914 (34 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 parks nearby
Living Area
Above average
13% larger than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 14%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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58.7 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: #46111133
$94K
Median household income
$106K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
23%
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
470 Ferry Road — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 166 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 | Bottom 8% | Bottom 11% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 470 Ferry Road in Winnipeg's King Edward neighbourhood presents a specific, value-oriented opportunity. Built in 1914, its primary appeal lies in its position as an affordable entry point into the market. With 1,072 sqft of living space, it offers more room than many comparable homes on its street and in the immediate area. However, its assessed value of $190k is notably below average across all comparisons—street, neighbourhood, and city-wide—highlighting its potential as a lower-cost option.
The property suits first-time buyers, investors, or downsizers comfortable with a character home that requires modernization. Its smaller land lot (2,445 sqft) means less exterior maintenance, which could be a plus for some. A thoughtful perspective is that while the home ranks below average in metrics like year built and land size, it outperforms its local peers in living area. This suggests you're getting more interior space for your dollar here than is typical in King Edward, a trade-off some buyers will find strategic. The last recorded sale was in early 2019, indicating a potential for equity growth for a long-term holder.
Frequently Asked Questions
1. Is this a "fixer-upper"?
Given its age (1914) and below-average assessed value, some updates are likely needed. The appeal is acquiring more interior space than is typical for the price in this area, with the understanding that some investment may be required to modernize.
2. What does the below-average assessed value mean for property taxes?
A lower assessed value generally translates to lower municipal property taxes compared to similar-sized homes with higher assessments. This is a key part of the ongoing affordability.
3. There's no garage or basement. How does that impact storage and utilities?
The lack of a basement means all living and mechanical systems (furnace, water heater) are on the main floor, which can simplify access for maintenance. Storage and laundry solutions will need to be creatively incorporated into the main floor plan.
4. The home sold in 2019. Why is the exact price not listed?
Exact sale prices are not always publicly available in Manitoba. The range provided ($13.50k ~ $16.50k) is based on available data. The current listing price and assessed value offer a more relevant picture of its present market position.
5. How does the smaller lot size affect me?
The lot is smaller than most in Winnipeg. This reduces yard maintenance—a benefit for those seeking a low-maintenance property. However, it also means less private outdoor space and limited potential for expansions like a large addition or garage.
