50.0
Fair
Property score
50.0
Fair
Overall 50.0
Compared with neighbourhood average
845 sqft (bottom 38%)
Built in 1946 (2 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: 12 dining spots, 3 schools, 4 shops, and 6 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
11% smaller than neighborhood avg.
Year Built
Near average
2 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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50.0 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: #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
243 Inglewood Street — 31 amenities found within 500 m, across 6 categories, including 12 dining (nearest 179 m), 3 education (nearest 300 m), 4 shopping (nearest 110 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 31% | Bottom 31% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 243 Inglewood Street in Winnipeg's King Edward neighbourhood presents a practical and value-oriented opportunity. Its primary appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering potential for expansion or rental income. With 845 sqft of living space and an assessed value that is very typical for its immediate area, it represents a straightforward entry point into the market.
The standout feature is the land: at over 5,000 sqft, the lot size is in the top 2% for Inglewood Street, providing significant outdoor space and future potential that is rare for homes in this price bracket. The detached garage adds practical storage or workshop space. This property would suit first-time buyers seeking a manageable, single-level home with room to grow, or an investor looking for a character home with a renovated basement suite (subject to verification) and a lot that holds long-term value. It’s a home for those who prioritize land size and location over a large existing footprint.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is squarely average for both Inglewood Street and the broader King Edward neighbourhood, suggesting it is priced in line with local expectations and not overvalued relative to immediate comparables.
2. What are the implications of the large lot size?
The 5,045 sqft lot is a significant asset. It offers ample yard space and, importantly, provides a future opportunity that many nearby properties lack: the potential to expand the home, add a detached structure, or simply enjoy more privacy, all within the city.
3. The home was built in 1946. What should I consider?
While the basement has been renovated, the main structure is 80 years old. A thorough inspection is essential to understand the condition of core components like the roof, wiring, plumbing, and foundation, which may need updating or maintenance.
4. The last recorded sale was in 2016. Why does that matter?
The sale price from nearly a decade ago is not a reliable indicator of current market value. It does, however, suggest a period of stable ownership, which can be a positive sign. The current value is better reflected in the recent assessed value and prices of comparable nearby sales.
5. How does this home fit within the wider Winnipeg market?
Citywide data shows this home’s living area and assessed value are below the Winnipeg average, highlighting its position as an affordable option. This underscores its role as a practical choice for buyers focused on a specific, established neighbourhood rather than maximum square footage for the price.
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