40.4
Below average
Property score
40.4
Below average
Overall 40.4
Smaller and older than most nearby homes
768 sqft (bottom 25%)
Built in 1914 (34 yrs older than avg)
Located in a above-average income area
with median household income of ~80k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 13 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
19% smaller than neighborhood avg.
Year Built
Below average
34 yrs older than neighborhood avg.
Mother tongue
English · 73%Tagalog · 10%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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40.4 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: #46110242
$80K
Median household income
$77K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
31%
Single-person households
21%
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
228 Marjorie Street — 31 amenities found within 500 m, across 7 categories, including 13 dining (nearest 151 m), 2 education (nearest 420 m), 2 healthcare (nearest 422 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 32% | Bottom 35% | Bottom 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 22% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 228 Marjorie Street, Winnipeg
Section 1: Overview & Appeal
This is a compact, one-storey home with a detached garage, built in 1914 and situated on a modest lot in the King Edward neighbourhood. Its key characteristic is its efficiency: with 768 sqft of living space and an unrenovated basement, it represents a straightforward, lower-maintenance footprint. The appeal lies in its accessibility and potential. With an assessed value significantly below the citywide average, it presents a clear entry point into the Winnipeg market. It’s a property that prioritizes land location over square footage, suited for a first-time buyer comfortable with a home that may require updates, an investor looking for a manageable rental property, or someone seeking a minimalist lifestyle without the burden of a large mortgage or excessive upkeep. A less obvious perspective is that its smaller scale and older vintage could translate to lower utility costs and a simpler renovation canvas for someone with a clear vision, compared to a larger, more complex modern home.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
The home is described as having an unrenovated basement, suggesting it is functional but may require modernization. The main living areas may also benefit from updates, making it a candidate for gradual improvements.
2. How does the property's value compare to the area?
The assessed value is around the average for the King Edward neighbourhood but is well below the average for the entire city. This indicates you are paying primarily for location within a central community, not for a large or modernized structure.
3. What are the implications of the smaller lot size?
At 2,324 sqft, the lot is smaller than most in the city. This means lower exterior maintenance but also limited space for expansions, large gardens, or extensive outdoor amenities. It emphasizes a low-maintenance lifestyle.
4. The home sold in 2017 and 2022. What does that indicate?
The recent sale history suggests it is a transactable property that has appealed to other entry-level buyers or investors. The price ranges shown indicate steady, modest appreciation in line with its market segment.
5. Who would this property not suit?
It would not suit buyers looking for a move-in-ready modern home, those needing multiple bedrooms or ample living space, or anyone desiring a large yard for recreation or expansion.
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