Property score
52.7
Fair
Overall 52.7 · Smaller than most nearby homes
700 sqft (bottom 13%) · Built in 1948
Located in a high-income area with median household income of ~94k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, and 4 parks nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
0 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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52.7 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
523 Ferry Road — 5 amenities found within 500 m, across 2 categories, including 1 dining (nearest 468 m), 4 parks (nearest 125 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 | Bottom 24% | Bottom 27% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 523 Ferry Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Ferry Road in King Edward is a compact, no-frills property that presents a clear value proposition. Its key characteristic is its modest 700 sqft living area, which is smaller than most homes in the neighbourhood and city. Built in 1948, it sits on a decently-sized lot of over 4,200 sqft, which is above average for the immediate area. The home has a detached garage and no basement.
Its appeal lies in its affordability and land potential. With an assessed value significantly below the city average, it represents a lower barrier to entry into the Winnipeg market. The lot size is a standout feature, offering space for gardening, expansion, or future redevelopment in a mature neighbourhood. This property would suit first-time buyers, investors, or downsizers seeking a manageable footprint without a large mortgage. It’s a practical choice for those who value land over living space in its current configuration and are comfortable with a home that may require updates or creative use of its generous yard.
Section 2: Frequently Asked Questions
1. Is the sold price from 2021 still relevant today?
While the 2021 sale gives a historical benchmark, market conditions have changed. The assessed value provides a more current, though not infallible, indicator for municipal taxation purposes. For an accurate current market value, a comparative market analysis with a local agent is essential.
2. What does "no basement" mean for storage and utilities?
All living space and mechanical systems (like the furnace and water heater) are on the main floor. This can be advantageous for accessibility but requires thoughtful planning for storage. The detached garage and the potential to add a shed become more important for storage solutions.
3. How does the smaller living area compare to nearby homes?
At 700 sqft, the home is notably cozier than the neighbourhood average (~952 sqft). This emphasizes efficient use of space and suggests a simpler, easier-to-maintain layout, which can be a benefit for some lifestyles despite the smaller size.
4. What are the implications of the larger-than-average lot?
The lot is a significant asset. It provides more outdoor privacy and space than many neighbouring properties. For a buyer, this could mean room for additions, a large garden, or simply a more generous yard. It's a feature that adds long-term value and flexibility.
5. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects a combination of the home's smaller size, age, and specific location within the city's broader market. It indicates this is a more affordable property segment, not necessarily the condition. Taxes will be based on this lower assessment, which is a financial positive for the owner.
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