Property score
44.9
Below average
Overall 44.9 · Older than most nearby homes
816 sqft (bottom 33%) · Built in 1912 (36 yrs older 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: 11 dining spots, 3 schools, 3 shops, and 9 parks nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Below average
36 yrs older 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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44.9 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
241 Rutland Street — 31 amenities found within 500 m, across 6 categories, including 11 dining (nearest 199 m), 3 education (nearest 284 m), 3 shopping (nearest 146 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 35% | Bottom 38% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 816 sqft one-storey home on Rutland Street, built in 1912, presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in its accessibility and position as a lower-cost entry point into the housing market. With an assessed value significantly below the city average, it suits first-time buyers, investors looking for a rental property, or those seeking a minimal footprint without a large mortgage. The lot, while smaller than area averages, provides outdoor space typical of central neighbourhoods.
The home has a basement but it is not renovated, and there is no garage or pool. Its recent sale history suggests a stable, modest value in line with its immediate area. A thoughtful perspective for a buyer is the potential to add value through updates over time, while benefiting from the established character of a mature neighbourhood. It’s a practical choice for someone prioritizing location and affordability over modern finishes or ample square footage.
Frequently Asked Questions
Is this a good investment property?
Given its below-average assessed value and compact size, it could be a candidate for a rental investment, especially for a single tenant or couple. Its operating costs would likely be lower than larger homes, but potential returns should be weighed against the age of the home and any needed maintenance.
What does the "below average" ranking mean for value?
The rankings show this home is consistently below average in size, lot area, and assessed value compared to its street, neighbourhood, and the wider city. This isn't necessarily negative; it clearly defines the home as a more affordable option within these areas, often appealing to budget-conscious buyers.
How significant is the unrenovated basement?
This indicates the basement is in original or functional condition, but not modernized. It provides utility space and storage, but a buyer should budget for potential moisture management, insulation, or finishing costs if they wish to convert it to living space in the future.
What are the implications of the home's age (1912)?
A home from 1912 has character but requires a practical mindset. Buyers should prioritize a thorough inspection focusing on foundational integrity, original plumbing and electrical systems, and historical maintenance. While it has stood for over a century, upkeep is crucial.
Why is the citywide assessed value comparison so different?
The citywide average assessed value includes all property types, including much newer and larger suburban homes. This home's value is typical for its specific, older neighbourhood context. The dramatic difference highlights the diversity of Winnipeg's housing stock and this property's position at the more affordable end of the spectrum.
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