44.6
Below average
Property score
44.6
Below average
Overall 44.6
Smaller and older than most nearby homes
714 sqft (bottom 15%)
Built in 1914 (34 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 7 dining spots, 2 schools, 2 healthcare facilitys, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 72%Tagalog · 9%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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44.6 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: #46110243
$83K
Median household income
$91K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
26%
Single-person households
22%
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
223 Brooklyn Street — 26 amenities found within 500 m, across 8 categories, including 7 dining (nearest 180 m), 2 education (nearest 286 m), 2 healthcare (nearest 165 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 22% | Bottom 9% | Bottom 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 3% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 223 Brooklyn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, presenting a straightforward and minimal-maintenance ownership proposition. Its key appeal lies in its exceptionally low financial barrier to entry, evidenced by an assessed value significantly below area and city averages. The home offers 714 sqft of living space with an unfinished basement and sits on a 2,295 sqft lot, making it one of the most modestly scaled properties in the King Edward neighbourhood.
This property would suit a specific type of buyer: investors or handy owner-occupants looking for the most affordable point of entry into the Winnipeg market. It is not a move-in-ready home but a foundational asset. Its value is primarily in the land and the structure's potential, not in its current finishes or size. For the right buyer, it represents a low-cost canvas for a renovation project, a rental property with minimal upfront capital, or a strategic hold in a central location. The appeal is purely utilitarian and financial, offering a way to build equity with a very small initial investment rather than providing immediate comfort or modern amenities.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's very modest size, age, and condition relative to the broader market. It is positioned among the most affordable properties in Winnipeg.
2. What type of work might this property need?
Given its age and the note of an unrenovated basement, buyers should budget for essential systems updates and general upkeep. The property is likely a candidate for modernization.
3. Is this a good investment property?
Its low cost could result in a favorable rental yield for an investor comfortable with managing an older property. However, potential repair costs must be factored into the investment analysis.
4. How does the lot size impact future potential?
At 2,295 sqft, the lot is smaller than many in the area but may still allow for exterior additions or landscaping, subject to local zoning regulations. Its size contributes to the low-maintenance aspect.
5. What is the neighbourhood like?
King Edward is an established, central Winnipeg neighbourhood. The property's immediate context on Brooklyn Street consists of similar vintage homes, offering a stable, no-frills residential setting.
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