46.4
Below average
Property score
46.4
Below average
Overall 46.4
Smaller and older than most nearby homes
719 sqft (bottom 15%)
Built in 1914 (34 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
25% smaller than neighborhood avg.
Year Built
Below average
34 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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46.4 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: #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
241 Brooklyn Street — 27 amenities found within 500 m, across 8 categories, including 7 dining (nearest 207 m), 2 education (nearest 351 m), 3 healthcare (nearest 207 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 28% | Top 37% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 241 Brooklyn Street in Winnipeg's King Edward neighbourhood presents a specific and practical opportunity. Built in 1914, its 719 sqft living area is compact, placing it below average in size for the area. However, it sits on a 3,120 sqft lot, which is notably larger than many of its immediate neighbours. The home features a renovated basement and a detached garage. Its recent sale price and assessed value are significantly below city-wide averages, indicating an accessible entry point into the market.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a modest, manageable home on a relatively generous lot for the street. It suits a first-time buyer, an investor, or someone looking to downsize into a simple, low-maintenance footprint without sacrificing outdoor space. The renovated basement adds functional living area. Its value is grounded in its land size and location rather than the size or modernity of the house itself. A thoughtful perspective for a buyer would be to see the smaller home as a cost-effective shell, with the larger lot providing long-term options—whether for gardening, expansion, or simply having more breathing room than is typical on the block. It’s a property for those comfortable with a home that requires a practical mindset, not luxury finishes or abundant square footage.
Frequently Asked Questions
1. Is this a "tear-down" property?
While the home is small and older, its renovated basement and recent sale suggest it is livable as-is. Its value, however, is likely weighted more toward its land. Buyers could move in immediately but may view it as a long-term redevelopment opportunity.
2. How does the assessed value compare to the recent sale price?
The assessed value is listed at $19.8k, while it recently sold for between $25.5k and $28.5k. This is not uncommon, as assessed values for tax purposes often differ from market sale prices, especially for unique or older properties.
3. What does the "below average" living area ranking mean for daily life?
At 719 sqft, the living space is compact. It would suit a single person, a couple, or a very small family comfortable with efficient living. The renovated basement is a key feature for adding necessary functional space.
4. Why is the land area considered "above average" for the street?
With a 3,120 sqft lot, it ranks in the top 26% on Brooklyn Street, where the average lot is about 2,828 sqft. This means you get more yard space than most direct neighbours, a notable advantage.
5. What is the neighbourhood like?
King Edward is an established, central Winnipeg neighbourhood. The property's metrics show it is typical for the area in age and value, suggesting a stable, no-frills community character.
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