Property score
73.5
Good
Overall 73.5 · Larger and newer than most nearby homes
1,294 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
494 Ferry Road — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 136 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 6% | Top 3% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 494 Ferry Road, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2017, offers modern living in Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a newer, low-maintenance property with above-average interior space for its immediate area. At 1,294 sqft, the living area ranks in the top 10% for both the street and the neighbourhood, suggesting a comfortable size compared to many older, smaller surrounding homes. The home features a renovated basement and a detached garage.
The property presents a compelling value profile. Its assessed value is in the elite top 5% on Ferry Road and top 3% in King Edward, indicating it is considered a premium property within these local contexts. However, it’s important to note the land area is compact at 2,438 sqft, which is below average for the city. This creates a specific dynamic: you are acquiring a modern, sizable home on a smaller lot, which translates to less yard upkeep but also less private outdoor space.
This home would suit buyers seeking a move-in-ready, modern build without the premium often attached to brand-new constructions. It’s ideal for professionals, small families, or downsizers who prioritize interior space and contemporary features over a large garden. The buyer should be comfortable with the density typical of older, established neighbourhoods where lot sizes are often modest.
Frequently Asked Questions
1. Why is the assessed value so high relative to the area average?
The assessed value reflects the property's modern build year (2017) and its above-average living area for the neighbourhood. Essentially, it's a newer, larger home compared to many older, smaller properties on the street, which justifies its premium valuation within the local market.
2. What does the "below average" land area ranking mean practically?
The lot is approximately 2,438 sqft, which is smaller than most homes in Winnipeg. Practically, this means a more manageable yard for maintenance but limited space for extensive landscaping, large outdoor gatherings, or future expansions like a sizable deck or addition.
3. How does the sold price history work?
The listed sold price is an estimated range based on public data. To obtain the exact sale price from October 2024, you must request it via email from the site. They provide this detail manually and state they will not use your email for unsolicited marketing.
4. What is the neighbourhood like?
The home is in King Edward, a central Winnipeg neighbourhood. The high density of nearby properties on Ferry Road (as seen in the list of addresses a few meters apart) suggests a streetscape of closely situated homes, typical of established inner-city areas.
5. Are there any obvious trade-offs with this property?
The data suggests a key trade-off: you gain a modern, spacious interior and a premium assessment in the local context, but on a compact urban lot. It’s a balance between a contemporary home and the lot size typical of an older neighbourhood.
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