Property score
60.9
Fair
Overall 60.9 · Newer than most nearby homes
872 sqft (bottom 43%) · Built in 2015 (67 yrs newer than avg)
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: 4 parks nearby
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
67 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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60.9 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
506 Ferry Road — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 145 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 36% | Top 32% | Bottom 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 506 Ferry Road, Winnipeg
Key Characteristics & Appeal
This 872 sqft bi-level home at 506 Ferry Road presents a practical and modern living option within Winnipeg's King Edward neighbourhood. Built in 2015, its primary appeal lies in its relative newness compared to most area homes, which typically date back to the mid-20th century. This suggests updated building systems and potentially lower immediate maintenance. The home features a renovated basement, adding functional living space.
The property stands out on its street and in the local area for its above-average assessed value, indicating it is viewed favorably relative to its immediate peers. However, its lot size is notably compact, even for the neighbourhood, which is a trade-off for its modern construction in an established area. This combination makes it particularly suited for first-time homebuyers, downsizers, or investors seeking a newer, low-maintenance property without a large yard to manage. Its appeal is one of efficient, modern convenience in a mature community, rather than spaciousness or land value.
Frequently Asked Questions
1. What does the assessed value ranking mean?
The home’s assessed value is in the top 19% on its street and top 9% in the King Edward area, meaning it is valued higher than most comparable nearby properties. City-wide, it sits around the median. This suggests the property is considered a premium offering in its immediate locale.
2. How does the living space compare?
At 872 sqft, the living area is close to the average for both Ferry Road and the King Edward neighbourhood. However, it is below the city-wide average, confirming this is a more compact, efficiently designed home.
3. What are the implications of the smaller lot size?
The land area is in the bottom 10% for the street and neighbourhood, meaning outdoor space is limited. This reduces yard maintenance but also limits potential for expansions, additions, or extensive outdoor living areas.
4. Why is the year built a significant point?
Built in 2015, this home is significantly newer than most in the area (where average build years are 1958-1966). This is a key advantage, typically implying newer construction standards, modern materials, and likely more recent major components like roof, windows, and HVAC.
5. Who would this property not suit?
It may not be ideal for buyers prioritizing a large private yard, space for extensive gardening, or those needing significant room for future horizontal expansion. Families requiring multiple large bedrooms or abundant indoor living space might find it too compact.
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