Property score
40.1
Below average
Overall 40.1 · Smaller than most nearby homes
696 sqft (bottom 12%) · Built in 1929 (19 yrs older than avg)
Located in a above-average income area with median household income of ~67.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 12 dining spots, 3 schools, 2 shops, and 9 parks nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Near average
19 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 15%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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40.1 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: #46110251
$68K
Median household income
$88K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.7
P90 / P10 ratio
37%
Single-person households
19%
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
212 Rutland Street — 30 amenities found within 500 m, across 6 categories, including 12 dining (nearest 93 m), 3 education (nearest 177 m), 2 shopping (nearest 121 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 38% | Top 40% | Bottom 27% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 32% | Bottom 35% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
212 Rutland Street is a compact, one-storey home built in 1929, situated on a standard city lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its affordability and renovated basement, presenting a low-maintenance entry point into the market. The home is notably smaller than average in both its immediate area and city-wide, making it a practical, no-frills option.
Key Characteristics & Ideal Buyer
This property is defined by its modest 696 sqft living area, which is below average for the street, neighbourhood, and city. Its assessed value (~$24,600) is typical for the local area but sits well below the wider Winnipeg average, indicating a significant value opportunity within its specific market context. The renovated basement adds functional living space, a key asset given the home's smaller main floor footprint. There is no garage, and the lot is a manageable 3,027 sqft.
The primary appeal is financial accessibility. It suits first-time buyers or investors seeking a straightforward, lower-cost property with recent updates (the basement). It would also fit someone looking to minimize living space and associated costs, such as a downsizer. A less obvious perspective is its potential as a "foot-in-the-door" property in a central neighbourhood, allowing an owner to build equity without a large initial outlay. Its very average rankings on the street for value, year built, and lot size suggest it is a typical, unassuming property for the block, unlikely to be over-improved for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative to similar properties in specific areas. This home's value is typical for King Edward and Rutland Street, reflecting the local market conditions. The city-wide average is pulled much higher by newer, larger homes in different neighbourhoods.
2. What does "renovated basement" likely include?
While specifics should be verified, a renovated basement in a home of this era and size typically means finished living space, possibly including a recreational room, additional bedroom, or basic living area, which crucially adds to the functional square footage.
3. Who would this small home best suit?
It's ideal for a first-time buyer, an investor, or someone downsizing. The modest size means lower utility costs and less maintenance, but it may feel cramped for a growing family or anyone needing significant storage or workspace.
4. How does the lack of a garage affect practicality?
Street parking is the norm here. Buyers should consider their comfort with this, especially during Winnipeg winters, and assess on-street parking availability during a viewing.
5. The home sold recently in 2023. What does that indicate?
The recent sale suggests a motivated seller may have been involved, but it also provides a very current market price point for comparison. It’s useful to know the property is turning over in the current market climate rather than having been held long-term.
