Property score
43.4
Below average
Overall 43.4 · Smaller than most nearby homes
676 sqft (bottom 9%) · Built in 1952 (4 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: 14 dining spots, 3 schools, 5 shops, and 4 parks nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
4 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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43.4 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: #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
232 Collegiate Street — 34 amenities found within 500 m, across 6 categories, including 14 dining (nearest 168 m), 3 education (nearest 300 m), 5 shopping (nearest 129 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 35% | Top 35% | Bottom 31% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 22% | Bottom 20% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 232 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in King Edward is a compact, no-frills property built in 1952. With 676 sqft of living space, it is notably smaller than most homes in Winnipeg, placing it in the top 3% for compact size city-wide. Its primary appeal lies in its efficient scale, renovated basement, and a detached garage on a standard city lot of just over 4,000 sqft. The assessed value is modest and aligns closely with the local neighbourhood average.
The property suits practical, budget-conscious buyers. It would be a fit for a first-time homebuyer seeking an affordable entry point, an investor looking for a straightforward rental property, or someone wanting to minimize their living space and associated costs. Its below-average size is a key consideration: it offers lower utility bills and less maintenance, but requires a lifestyle suited to cozy living. The renovated basement adds functional space, which is a crucial asset in a smaller home. The value here is in simplicity and location, rather than grandeur.
Section 2: Frequently Asked Questions
1. Is the house actually as small as the numbers suggest?
Yes. At 676 sqft, the living area is significantly below the city average. The floor plan will be efficient, making the renovated basement and detached garage valuable for additional storage and utility.
2. What does the "around average" assessed value mean for this area?
It means the property’s municipal assessment is very typical for the King Edward neighbourhood. This suggests the price is likely aligned with local market norms for a home of this type, not an outlier.
3. Who might this property not be suitable for?
It may not suit families needing multiple bedrooms or dedicated workspaces, those who entertain large groups frequently, or anyone uncomfortable with a compact layout. The appeal is to those who see small space living as a benefit, not a compromise.
4. The sold price history shows a jump between 2017 and 2022. What does that indicate?
The increase reflects broader market trends over that five-year period. The renovation of the basement likely contributed to the rise in value, bringing the home up from a lower price point to one more in line with the neighbourhood average.
5. How important is the detached garage here?
Very. In a smaller home with limited interior space, a detached garage provides essential storage, workshop potential, or protected parking. It significantly enhances the utility of the property.
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