52.7
Fair
Property score
52.7
Fair
Overall 52.7
Smaller than most nearby homes
700 sqft (bottom 13%)
Built in 1948
Located in a high-income area
with median household income of ~94k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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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52.7 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
471 Ferry Road — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 464 m), 4 parks (nearest 125 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 10% | Bottom 15% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 471 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward, no-frills opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 700 sqft that is notably compact compared to city-wide averages. The home, built in 1948, sits on a decently-sized lot of just over 4,000 sqft, offering valuable outdoor space that is larger than many in the immediate area.
The primary appeal lies in its position as an accessible entry point into the market. With a historically low assessed value and correspondingly low past sale prices, it represents one of the most budget-conscious options available. This is not a property for those seeking ample finished space, but rather for a specific buyer: the pragmatic first-time purchaser, the hands-on investor looking for a rental or renovation project, or someone seeking to minimize their footprint and property tax burden. Its detached garage adds practical utility. A less obvious perspective is that its smaller size and lot—while below city averages—are actually quite typical for its specific street and neighbourhood, suggesting it fits the local context and may benefit from the stability of an established, modest-scale community.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While compact at 700 sqft, it is a standard, older one-storey house. Its layout and lot size are consistent with many post-war homes in the area, not a modern minimalist design.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, age, and likely basic condition compared to the broader Winnipeg market, which includes many larger, newer, or more updated properties. It is more in line with averages for the King Edward neighbourhood.
3. What are the main considerations for a buyer here?
Prospective buyers should be prepared for a home that may require updates or maintenance due to its age. The focus should be on the functionality of the compact layout and the potential of the lot, rather than move-in-ready finishes or spaciousness.
4. How does the lot size compare?
At 4,024 sqft, the lot is actually above average for Ferry Road and the King Edward neighbourhood, offering a relative strength in outdoor space for the area, though it is smaller than the typical Winnipeg lot.
5. Where can I find the exact past sale price?
Exact sale prices are not publicly displayed in detail. As noted on the listing, you can request the precise historical sale data by emailing the provided service; they manually provide the figures without obligation.
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