Property score
71.9
Good
Overall 71.9 · Larger and newer than most nearby homes
1,502 sqft (top 4%) · Built in 2022 (74 yrs newer than avg)
Located in a above-average income area with median household income of ~67.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 13 dining spots, 3 schools, 3 shops, and 8 parks nearby
Living Area
Above average
58% larger than neighborhood avg.
Year Built
Above average
74 yrs newer 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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71.9 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
225 Rutland Street — 32 amenities found within 500 m, across 6 categories, including 13 dining (nearest 141 m), 3 education (nearest 224 m), 3 shopping (nearest 116 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 2% | Top 1% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 2022-built, two-storey home at 225 Rutland Street in Winnipeg's King Edward neighbourhood offers modern living in a well-established area. With 1,502 sqft of living space, it ranks in the top tier for size and assessed value compared to its immediate street and neighbourhood. The home features a renovated basement but does not include a garage or pool. Its standout characteristic is its new construction in a neighbourhood of mostly older homes, providing a move-in-ready condition without the typical maintenance concerns of a historic property.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of modern build quality and a central location. It ranks in the elite top 5% on its street and top 2% in King Edward for its 2022 construction year, meaning it is a notable exception in an area of homes averaging 75+ years older. This translates to contemporary building standards, energy efficiency, and minimal immediate repair needs. The living area is significantly above average for both the street and neighbourhood (top 7% and 4%, respectively), offering more spacious interiors than most nearby comparable homes.
Its assessed value is also exceptionally high for the area (top 1% in King Edward), which reflects its modern amenities and condition but is an important factor for property taxes. A thoughtful perspective is the trade-off: the lot size is below average (top 85% in the neighbourhood, meaning only 15% of lots are smaller), which means minimal exterior upkeep but limited private outdoor space. This home would perfectly suit a buyer seeking a modern, low-maintenance home in a central location without wanting a renovation project. It would also appeal to those who value newer mechanical systems and insulation but want to be part of an established community rather than a new suburban subdivision.
Frequently Asked Questions
1. Why is the assessed value so high compared to neighbouring homes?
The assessed value ($48.80k) ranks in the top 1% for the King Edward neighbourhood because it is a new construction (2022) home. Assessment considers the property's modern condition, materials, and systems, which are superior to the area's typical century-old homes.
2. What does the "below average" ranking for land area mean for me?
The lot is 2,520 sqft, which is smaller than most in the area. This means a more manageable yard with less maintenance but potentially less privacy and limited space for additions, large decks, or gardening compared to neighbours.
3. The home sold in 2022; is it being resold so soon?
Based on the provided data, the home was last sold in April 2022. Its current listing suggests it is a relatively quick resale, which may be due to the owner's personal circumstances rather than a property issue, given its new condition.
4. There's no garage; is street parking readily available?
The property has no garage. Parking would be reliant on street parking, which is common in central neighbourhoods like King Edward. Prospective buyers should visit at different times to assess typical parking availability.
5. How does the living area compare to a typical new home in Winnipeg?
At 1,502 sqft, it is above average for its specific street and neighbourhood but is slightly above the city-wide average for all homes (1,342 sqft). For a brand-new 2022 build, this is a comfortable family-sized space, though some newer suburban builds may offer larger footprints.
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