44.6
Below average
Property score
44.6
Below average
Overall 44.6
Smaller and older than most nearby homes
687 sqft (bottom 11%)
Built in 1912 (36 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 7 dining spots, 2 schools, 3 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
28% smaller than neighborhood avg.
Year Built
Below average
36 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
226 King Edward Street — 27 amenities found within 500 m, across 8 categories, including 7 dining (nearest 162 m), 2 education (nearest 322 m), 3 healthcare (nearest 161 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 10% | Bottom 8% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 226 King Edward Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard-sized lot in the King Edward neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. With a living area of 687 sq ft, an unrenovated basement, and no garage, it is a straightforward property that presents a clear, lower-cost opportunity.
The home suits specific buyer profiles well. It is a potential fit for a first-time buyer or an investor seeking a modestly priced asset with minimal initial financial outlay, as evidenced by its significantly below-average assessed value. The lot size is fairly typical for the area, offering standard outdoor space without extensive maintenance demands. A less obvious perspective is that a home of this vintage and scale offers a manageable canvas for someone interested in a gradual, DIY-friendly renovation project, allowing for personalization without the pressure of a large mortgage. However, its below-average rankings for size, value, and age within its immediate area indicate it is a more basic offering in the local context, appealing to those prioritizing budget and location over modern features or space.
Frequently Asked Questions
1. What is the actual selling price?
The provided data shows a sold price range from January 2020. To obtain the exact historical sold price, you can request it via email from the listing source, as this information is verified manually.
2. What does "below average" ranking mean for the assessed value?
The home's assessed value is consistently below the average for similar properties on its street, in the King Edward area, and citywide. This typically indicates a lower property tax assessment, but it also reflects the home's modest size, age, and condition relative to others.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may require work to be fully functional or compliant with current standards.
4. How does the lot size compare?
At 3,593 sq ft, the lot is around the average size for the King Edward neighbourhood but is below the citywide average. It provides a standard urban yard space.
5. What are the implications of the 1912 build date?
As a 114-year-old home, prospective buyers should budget for potential updates to core systems like wiring, plumbing, and insulation. Its age and below-average ranking in this category suggest it has not been extensively modernized, which is factored into its pricing and appeal.
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