Property score
64.8
Fair
Overall 64.8 · Newer than most nearby homes
972 sqft (top 37%) · Built in 2020 (72 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 parks nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Above average
72 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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64.8 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
480 Ferry Road — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 142 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 29% | Top 26% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 480 Ferry Road, Winnipeg
Key Characteristics & Appeal
This bi-level home at 480 Ferry Road is a study in contrasts, offering a very modern build within a well-established Winnipeg neighbourhood. Built in 2020, it is a notably newer construction compared to most homes on its street, in King Edward, and across the city. With 972 sqft of living space, it sits around the average for its immediate area, making it a comfortable size for smaller households. The property’s assessed value is strong for the neighbourhood, ranking well above local averages, which suggests a quality build and desirable features for the area.
Its primary appeal lies in the opportunity to own a modern, low-maintenance home without the premium often associated with new construction in newer suburbs. The unrenovated basement presents a clean slate for future expansion or customization. The lot is compact (2,442 sqft), which translates to less yard upkeep—a plus for busy professionals or those seeking a lock-and-leave lifestyle. This property would suit first-time buyers looking for a move-in-ready newer home, downsizers wanting modern conveniences without extensive maintenance, or investors attracted by a newer asset in a mature community with stable values.
Frequently Asked Questions
1. What does "above average assessed value" in an older neighbourhood mean?
It typically indicates that the property, due to its new construction (2020), is assessed more highly than the neighbourhood's older housing stock. This can reflect modern building standards, materials, and systems, but it's wise to understand how this affects your property taxes compared to neighbouring homes.
2. The basement is noted as "not renovated." What condition is it in?
As a newer build, the basement is likely unfinished but should be structurally complete with proper insulation, vapour barriers, and a concrete floor. It represents potential future living space but requires a full build-out.
3. Is the compact lot size a disadvantage?
It depends on your lifestyle. The lot is significantly smaller than typical Winnipeg lots, limiting extensive gardening or large outdoor recreation space. However, it minimizes yard work and can make the property feel more manageable and affordable to maintain.
4. There is no garage. What are the parking options?
The listing notes no garage, so parking would be via a driveway (if present) or on-street. It's important to verify the specific parking situation at the property.
5. How does the sold price history help me?
The listed sale from late 2020 (~$27.5k-$30.5k) provides a historical benchmark, but market conditions have likely changed. The key takeaway is the property's value trajectory relative to its assessed value and recent sales of comparable homes in King Edward.
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