65.1
Good
Property score
65.1
Good
Overall 65.1
Newer than most nearby homes
939 sqft (top 42%)
Built in 1987 (39 yrs newer 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: 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
Near average
1% smaller than neighborhood avg.
Year Built
Above average
39 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
65.1 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
481 Ferry Road — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 472 m), 4 parks (nearest 97 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 24% | Top 20% | Bottom 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 32% | Top 30% | Bottom 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Top 37% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 481 Ferry Road, Winnipeg
Key Characteristics & Appeal
This 1987 bi-level home at 481 Ferry Road presents a practical and updated living space in Winnipeg's King Edward neighbourhood. Its key features include a renovated basement and a detached garage. With 939 sqft of living area and a 3,576 sqft lot, the home sits comfortably within the averages for its immediate street and neighbourhood, offering a sense of consistency and predictability for the area.
The appeal here is one of modernized fundamentals within a well-established community. The renovated basement adds valuable, flexible space. Recent sale history indicates steady market interest. This property would suit first-time buyers seeking a move-in-ready home without the premium of a newer subdivision, or practical downsizers looking for single-level living potential (with primary amenities likely on the main floor) and lower maintenance. It’s a home that prioritizes function and location over size, representing a grounded entry into the Winnipeg market.
Frequently Asked Questions
1. How does this home compare in size to others in Winnipeg?
While the living space is typical for King Edward and Ferry Road, it is notably more compact than the Winnipeg citywide average home, which is around 1,342 sqft. This highlights its efficiency and likely lower utility costs.
2. What does the "around average" ranking for value mean?
The assessed value ranks in the top 31-36% locally, meaning it is valued higher than many immediate peers. This can signal perceived desirability or updates, but it's wise to compare this assessment with recent sale prices and current market conditions.
3. Is the lot size a constraint?
At just under 3,600 sqft, the lot is standard for the neighbourhood but smaller than the city average. This means manageable yard maintenance, but may limit expansion possibilities or privacy compared to larger lots elsewhere.
4. The home sold recently in 2024 and 2023. Is that a concern?
Frequent sales can be due to many factors, including investment flipping, life changes, or simply market timing. The consistent sale price range over these transactions suggests stable value, but it warrants inquiry into the reasons for the quick turnover.
5. What are the advantages of a 1987 build in this area?
In a neighbourhood where many homes are older (the area average is circa 1948-1958), a 1987 build offers newer construction standards, potentially fewer major system updates, and a floor plan that may feel more contemporary to modern lifestyles.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
