Property score
63.2
Fair
Overall 63.2 · Larger and newer than most nearby homes
1,071 sqft (top 25%) · Built in 1984 (36 yrs newer than avg)
Located in a above-average income area with median household income of ~76k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 14 dining spots, 3 schools, 1 healthcare facility, and 5 shops nearby
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Above average
36 yrs newer 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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63.2 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
245 Collegiate Street — 34 amenities found within 500 m, across 7 categories, including 14 dining (nearest 220 m), 3 education (nearest 364 m), 1 healthcare (nearest 497 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 19% | Top 21% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 245 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in King Edward presents a practical and straightforward opportunity. Its key appeal lies in its efficient size (1,071 sq ft), a recently renovated basement adding functional living space, and a land area that is notably larger than many lots in the immediate neighbourhood. Built in 1984, it is a newer construction compared to many area homes, which may appeal to those wanting to avoid the maintenance concerns of a century-old property.
The home suits first-time buyers, downsizers, or practical investors looking for a manageable footprint in a central Winnipeg neighbourhood. Its assessed value positions it as an accessible entry point into the market. A thoughtful perspective is that while the living space is average for the city, the above-average lot size for the area offers valuable outdoor space or future potential that is becoming rarer in mature neighbourhoods. The appeal is grounded in functionality and lot value rather than high-end finishes or grandeur.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for Collegiate Street and the King Edward neighbourhood, but below the citywide average. This suggests it is priced consistently within its immediate community, which often features more character homes and varied property types.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. Buyers should inquire about the scope of work, permits, the basement’s ceiling height, and whether it includes a separate entrance or additional bedrooms.
3. Is the lack of a garage a significant drawback?
The property has no garage. For this neighbourhood and price point, this is common. Buyers should consider street parking availability, the potential to add a shed or covered parking, and their personal vehicle storage needs.
4. The home sold recently in early 2025. What does that indicate?
The quick resale could be due to many neutral factors, such as an investor flipping the property, a change in the previous owner’s circumstances, or the sale of an estate. It does not inherently indicate a problem with the property itself.
5. How does the 1984 build year affect the home?
Being built in 1984 means major systems like roofing, plumbing, and electrical are likely newer than those in pre-war homes but may be nearing or due for updates. It offers a balance between modern construction standards and the established charm of an older neighbourhood.
