2571 King Edward Street

Inkster Gardens, Winnipeg

Property score

70.2

Good

Overall 70.2 · Smaller than most nearby homes

1,030 sqft (bottom 15%) · Built in 2006 (7 yrs newer than avg)

Located in a high-income area with median household income of ~121k

Transit 62.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby

Living Area

Below average

28% smaller than neighborhood avg.

Year Built

Near average

7 yrs newer than neighborhood avg.

Mother tongue

Punjabi · 33%English · 33%

Past 10 years Inkster Gardens sales snapshot (~80% of all data)

Sold Count

540

Median price

447.1k

$/sqft

$350/sqft

Avg build year

1999

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Property score

70.2 is composed by the two sections below.

Property Score

59.4Fair
Living Area1,030 sqft52Fair
Year Built200690Excellent
Lot Size3,699 sqft46Low
Neighbourhood Sales Activity65Good

Community Score

86.3Excellent
Household Income91Excellent
Education Level72Good
Housing Stress74Good
Core Housing Need100Excellent
Employment Health90Excellent

Neighbourhood Sales

Inkster Gardens

How to read: Share of sales in each ~$50k price band for “inkster gardens” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111118

Community deep dive

$121K

Median household income

$133K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

5%

Single-person households

50%

Families with children

Population, labour & age

Population (2021)3,661
Labour force participation rate78%
Median age31.6
Avg household size4.0
Unemployment rate6%
Population density479 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households5%
Couple families with children50%
Median household income (2020)$121K

Housing

Renter households9%
Condominium dwellings3%
Median dwelling value (owners)$440K

Diversity, education & language

Immigrants (share of pop.)51%
Visible minority86%
Bachelor's or higher (25–64)36%
Mother tongue (1st)Punjabi · 33%
Mother tongue (2nd)English · 32%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,030 sqft
0255075100
Same streetTop 34%Same areaBottom 15%CitywideBottom 29%
Same street · King Edward Street
#117 / 347
Top 34% · Avg 953 sqft
Same area · Inkster Gardens
#1,231 / 1,446
Bottom 15% · Avg 1,422 sqft
Citywide · Winnipeg
#137,945 / 194,458
Bottom 29% · Avg 1,342 sqft

Tax-Assessed Value

above average
404k
0255075100
Same streetTop 10%Same areaBottom 43%CitywideTop 37%
Same street · King Edward Street
#36 / 347
Top 10% · Avg 276.7k
Same area · Inkster Gardens
#821 / 1,446
Bottom 43% · Avg 454.9k
Citywide · Winnipeg
#72,622 / 194,458
Top 37% · Avg 390.1k

Year Built

above average
2006
0255075100
Same streetTop 15%Same areaTop 43%CitywideTop 14%

Lot Size

around average
3,699 sqft
0255075100
Same streetBottom 46%Same areaBottom 19%CitywideBottom 22%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

2571 King Edward Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 497 m), 2 parks (nearest 251 m).

Search radius
🏫Education1
🌳Parks2
Worship1

Crime & Safety

Inkster Gardens · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

75%

Sales History

Sold 6/2024CA$450k–500k
Sold price

Same street

Top 3%

Same area

Top 22%

City-wide

Top 21%

Related homes

Highlights & common questions: 2571 King Edward Street, Winnipeg

Property Overview: 2571 King Edward Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Inkster Gardens is a practical and modern offering, built in 2006. Its key appeal lies in its balance of recent construction and notable value. With 1,030 sqft of living space and a renovated basement, it provides functional, move-in-ready space. The attached garage is a practical asset for Winnipeg winters.

The home’s standout characteristic is its financial profile. It holds an assessed value that ranks in the top 10% on its own street, suggesting it is a well-maintained or improved property relative to its immediate neighbours, many of which are older. This, combined with its recent sale price history, indicates it sits in an affordable segment of the market. The lot is modest in size compared to area and city averages, which translates to less yard maintenance—a plus for some buyers.

This property would suit first-time homebuyers seeking a modern, low-maintenance home without a hefty price tag, or investors looking for a relatively new rental property with stable fundamentals. Its above-average condition for the street offers a sense of pride of place, while the smaller lot and functional layout appeal to those prioritizing efficiency and interior living space over extensive outdoor areas.


Section 2: Frequently Asked Questions

1. How does the home’s value compare?
The assessed value of $40,400 is significantly above the street average, ranking in the top 10% of King Edward Street. This suggests the property is in better condition or has more features than many neighbouring homes. City-wide, its assessment is around the average mark.

2. Is the house unusually small?
At 1,030 sqft, the living area is actually above average for King Edward Street. However, it is below the average for both the broader Inkster Gardens neighbourhood and the city overall, indicating it’s a more compact, efficient home in a neighbourhood of typically larger houses.

3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.

4. What is the neighbourhood like for a home built in 2006?
The home is newer than most on its street, where the average build year is 1957. This means you benefit from modern construction in an established neighbourhood, but the surrounding homes and overall streetscape will reflect an older community character.

5. Why is the lot size below average?
The land area is 3,699 sqft, which is smaller than many lots in the area. This is not uncommon for infill properties or newer subdivisions. The trade-off is less yard upkeep, and it may mean the home’s footprint or driveway utilizes more of the property.

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