Property score
54.5
Fair
Overall 54.5 · Newer than most nearby homes
908 sqft (top 50%) · Built in 2019 (71 yrs newer than avg)
Located in a average-income area with median household income of ~58.4k
Transit 92.0 · 3-min walk to transit with 8 nearby routes · Within 500m: 13 dining spots, 2 schools, 5 healthcare facilitys, and 3 shops nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Above average
71 yrs newer than neighborhood avg.
Mother tongue
English · 72%Tagalog · 8%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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54.5 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: #46110244
$58K
Median household income
$66K
Average household income
15%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
42%
Single-person households
10%
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
240 Queen Street — 36 amenities found within 500 m, across 9 categories, including 13 dining (nearest 162 m), 2 education (nearest 352 m), 5 healthcare (nearest 194 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 30% | Top 27% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This bi-level home at 240 Queen Street in Winnipeg's King Edward neighbourhood presents a distinct mix of modern convenience and traditional neighbourhood character. Built in 2019, it is a notably newer construction in an area predominantly composed of century-old homes. With 908 sqft of living space and an unrenovated basement, it offers a compact, low-maintenance footprint. The property sits on a 3,880 sqft lot, which is typical for the immediate area. Its assessed value is strong relative to its local peers, ranking well above average on its street and in the neighbourhood. The home lacks a garage or pool.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern build within an established, central community. Buyers gain the benefits of newer construction—such as contemporary building standards, systems, and likely lower immediate repair costs—without sacrificing the mature streetscape of King Edward. Its above-average assessment for the area suggests it is viewed as a solid asset within its local market context.
This home would suit first-time buyers or downsizers seeking a manageable, modern property without the upkeep of a heritage home. It also appeals to value-conscious investors or owner-occupants who prioritize functional, newer infrastructure over larger square footage or extensive lot size. A thoughtful perspective is that this property offers a "best of both worlds" scenario: the charm and location of an older neighbourhood with the practical advantages of a new build, though this comes with a living space that is more compact than the Winnipeg city average.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 908 sqft, the living area is very close to the average for both Queen Street and the wider King Edward neighbourhood. However, it is significantly smaller than the average home across Winnipeg.
2. Why is the assessed value higher than many neighbours?
The assessed value ranks in the top 25% on its street, largely due to its modern construction (2019). Newer builds typically have higher assessments than the many century-old homes in the area, reflecting different construction eras and conditions.
3. What does the sold price history indicate?
Records show it last sold in May 2021 for an estimated range between $275,000 and $305,000. This sale price was above the average for the local area at that time, consistent with its status as a newer property.
4. Is the lot size a limitation?
The 3,880 sqft lot is slightly larger than the King Edward average but below the city-wide average. It provides standard outdoor space for the neighbourhood but may not suit those seeking extensive yard space.
5. What are the immediate drawbacks or considerations?
The home has an unrenovated basement and no garage. Buyers should budget for any desired basement development and consider on-street parking. Its compact size is ideal for simpler living but may not fit growing families needing more room.
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