Property score
32.5
Below average
Overall 32.5 · Smaller and older than most nearby homes
578 sqft (bottom 1%) · Built in 1914 (34 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 100.0 · 2-min walk to transit with 8 nearby routes · Within 500m: 11 dining spots, 2 schools, 5 healthcare facilitys, and 3 shops nearby
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 72%Tagalog · 8%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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32.5 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: #46110244
$58K
Median household income
$66K
Average household income
15%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
42%
Single-person households
10%
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
220 Queen Street — 33 amenities found within 500 m, across 8 categories, including 11 dining (nearest 90 m), 2 education (nearest 298 m), 5 healthcare (nearest 117 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 35% | Bottom 29% | Bottom 11% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 220 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, situated on a standard-sized lot in the King Edward neighbourhood. Its key characteristic is its exceptionally modest scale, with a living area of 578 sqft that places it among the smallest homes not just on its street, but across the entire city. The home features a renovated basement.
The primary appeal lies in its ultra-affordable entry point into the Winnipeg market, underscored by a very low municipal assessed value. This is a property defined by potential and land value rather than its current structure. It would suit a specific type of buyer: a hands-on investor looking for a rental opportunity with minimal upfront capital, a contractor seeking a renovation or infill project, or an extremely budget-conscious first-time buyer willing to live minimally while building equity. Its recent sale history suggests it trades more as an affordable asset than a conventional family home. A less obvious perspective is that its consistent below-average metrics across the board present a clear, unvarnished value proposition without the premium of size or modern finishes, allowing for a straightforward financial decision.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's very small size, age, and basic condition relative to most city homes. It is priced as a modest entry-level asset.
2. What does "renovated basement" likely mean for a home of this age and size?
Given the home's vintage and compact footprint, this typically indicates functional updates for livability, such as moisture control, basic finishes, and legal egress. It may add crucial flexible space to the small main floor.
3. Who would be the most likely buyer for this property?
The most natural fit is an investor or handy homeowner seeking one of the most affordable entry points into the market, viewing it as a foundation for future rental income or a strategic renovation project rather than a move-in ready family home.
4. How does the lot size compare to the neighbourhood?
At 3,880 sqft, the lot is fairly typical for the King Edward area. This is a key point, as the value is more anchored in the land itself than the existing structure, which is significantly smaller than area averages.
5. The sold price history shows a wide range. What does this indicate?
The ranges suggest the property sells at a price point sensitive to specific condition and market timing at the lower end of the market. The significant jump between the 2016 and 2023 sale reflects broader market increases over that period, but it remains an exceptionally low-value transaction.
