Property score
73.5
Good
Overall 73.5 · Larger and newer than most nearby homes
1,292 sqft (top 10%) · Built in 2017 (69 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: 4 parks nearby
Living Area
Above average
36% larger than neighborhood avg.
Year Built
Above average
69 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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73.5 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: #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
492 Ferry Road — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 135 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 7% | Top 4% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 492 Ferry Road in Winnipeg's King Edward neighbourhood presents a distinct profile. Its primary appeal lies in being a well-above-average, modern property within its immediate context. Built in 2017, it is significantly newer than most homes on its street and in the wider area. With 1,292 sqft of living space and a notably high assessed value for King Edward, it offers modern comforts and space efficiency. The trade-off is a smaller land area (2,438 sqft), which is common for newer infill properties. This home would suit a buyer looking for a move-in ready, low-maintenance property without the concerns of an older home's major systems. It's ideal for those who prioritize interior space and modern construction over a large yard, and who see value in a home that stands out statistically in its neighbourhood for its newness and assessed worth.
Frequently Asked Questions
How does the smaller lot size impact the property?
While the land area is below average for the city, it is relatively typical for newer infill homes in established neighbourhoods. It means lower exterior maintenance but may limit extensive landscaping or expansion potential.
Why is the assessed value so high compared to nearby homes?
The assessed value ranks in the top 5% for the King Edward area, reflecting the home's modern build year (2017), its above-average living area, and current market valuations for turn-key properties, setting it apart from the neighbourhood's generally older housing stock.
Is the basement finished?
The listing specifies the basement exists but is "not renovated," indicating it is likely an unfinished space that offers storage or future development potential.
What does the sold price history indicate?
The home sold in June 2024 for an estimated $41.5k-$44.5k. This recent sale price, which aligns with its high assessed value, suggests a stable and strong valuation in the current market.
How does this home compare to an average Winnipeg property?
Citywide, its living area and assessed value are around the median, but its build year is in the elite top 5%. This highlights that its greatest advantage is its modernity compared to the city's overall older housing inventory.
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