49.1
Below average
Property score
49.1
Below average
Overall 49.1
Compared with neighbourhood average
882 sqft (bottom 45%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 86.0
4-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
Near average
7% smaller than neighborhood avg.
Year Built
Near average
30 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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49.1 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
238 King Edward Street — 28 amenities found within 500 m, across 8 categories, including 7 dining (nearest 191 m), 2 education (nearest 370 m), 3 healthcare (nearest 200 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 47% | Bottom 45% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home, built in 1918, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. With 882 square feet of living space and an unrenovated basement, it sits on a modest 2,699 sqft lot. Its key metrics—living area, assessed value ($22,600), and age—are typical for the immediate street and King Edward area, though they fall below Winnipeg-wide averages. The home last sold in late 2020. Its appeal lies in its position as an affordable, no-frills entry point into the market, particularly for those focused on location over size or modern finishes. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with a lower entry cost, or someone seeking a minimalist footprint. A less obvious perspective is that its smaller lot and average-in-area status could mean fewer property tax surprises and manageable outdoor upkeep, allowing an owner to invest time and budget selectively.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It usually means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes to suit their needs, and a thorough inspection is advised to assess its condition.
2. How does the assessed value relate to the likely selling price?
The municipal assessed value is for tax purposes and is often, but not always, lower than market value. The sale price is determined by current market conditions. The 2020 sale price range provides a more recent benchmark, but the market has likely shifted since then.
3. With no garage, what are the parking options?
The listing notes no garage. Buyers should verify on-street parking regulations with the city and observe the typical parking availability on the street during different times to assess convenience.
4. The home is older—what should I prioritize in an inspection?
For a 1918 home, an inspection should thoroughly examine the foundation, roof, electrical wiring, plumbing, and insulation. Understanding the condition of these core systems is more critical than cosmetic issues.
5. The lot size is noted as below average. What are the practical effects?
The smaller lot means less yard maintenance and limited potential for expansions like a large addition or detached garage. However, it can also mean a more community-focused street feel and lower landscaping costs.
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