42.0
Below average
Property score
42.0
Below average
Overall 42.0
Smaller than most nearby homes
720 sqft (bottom 16%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~76k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 13 dining spots, 2 schools, 1 healthcare facility, and 4 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 10%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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42.0 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: #46110241
$76K
Median household income
$74K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
30%
Single-person households
23%
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
242 Parkview Street — 31 amenities found within 500 m, across 7 categories, including 13 dining (nearest 191 m), 2 education (nearest 443 m), 1 healthcare (nearest 410 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%
Local garbage, recycling, and yard waste pickup schedule for 242 Parkview Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 6% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 242 Parkview Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Parkview Street in King Edward is a compact, no-frills property built in 1918. With 720 sqft of living space, a 2,709 sqft lot, and a detached garage, its key characteristics are its modest scale and its notably low financial footprint. The home's assessed value is significantly below area averages, and it last sold in late 2022 for a very accessible price range.
The primary appeal lies in its position as a genuine entry point into the Winnipeg market. It suits buyers seeking absolute minimal property taxes and a straightforward, low-cost holding in a central neighbourhood. It’s a practical canvas for a hands-on buyer or investor. A less obvious perspective is its potential as a strategic land play; the lot, while below average for the street, is still a decent size for the core area, and the home's unrenovated state presents a clear value-add opportunity for those with renovation skills or vision. This isn't a move-in-ready showpiece, but a property for those who see value in fundamentals and potential over present condition.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft, the living area is below average for the immediate street, the King Edward neighbourhood, and the city overall. It ranks in the bottom 15% locally, indicating it's one of the more compact homes in the area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $18,600 reflects the home's smaller size, age, and unrenovated condition compared to the broader Winnipeg market, where average home values are significantly higher. It ranks in the top 90% for the street (meaning it's in the lowest 10% of values), which is consistent with its profile as an entry-level property.
3. What does "basement yes, not renovated" mean?
This confirms the home has a basement, but it has not been modernized or finished. Buyers should budget for potential updates and anticipate viewing it in an original, likely utilitarian state.
4. Is the land size sufficient for additions or redevelopment?
The 2,709 sqft lot is below average for Parkview Street but around average for the King Edward neighbourhood. While not oversized, it is a standard city lot. Any expansion or redevelopment plans would require careful review with the City's zoning bylaws and regulations to determine feasibility.
5. You list a sold price range for 2022. How can I get the exact price?
The exact sold price is not publicly displayed due to data source restrictions. You can request it by email via the button on the property page. The service is manual but prompt, and your email will not be used for unsolicited marketing.
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