49.1
Below average
Property score
49.1
Below average
Overall 49.1
Older than most nearby homes
845 sqft (bottom 38%)
Built in 1912 (36 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 86.0
4-min walk to transit with 4 nearby routes
Within 500m: 8 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
11% smaller than neighborhood avg.
Year Built
Below average
36 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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49.1 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
246 King Edward Street — 29 amenities found within 500 m, across 8 categories, including 8 dining (nearest 213 m), 2 education (nearest 401 m), 3 healthcare (nearest 227 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 43% | Bottom 39% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 845 sqft, one-storey home on King Edward Street presents a straightforward, low-maintenance living option. Built in 1912, its key characteristic is its modest scale and correspondingly low financial footprint, as evidenced by an assessed value significantly below city averages. The lot is compact at just under 2,700 sqft. The home has a basement, but it is not renovated, and there is no garage or pool.
Its appeal lies primarily in affordability and simplicity. It suits a very specific buyer: someone seeking an entry point into the market with minimal property tax liability, an investor looking for a rental property with low carrying costs, or an individual who values a small, manageable footprint without the upkeep of a larger lot or newer home. A less obvious perspective is that its age and unrenovated state could appeal to a buyer wanting a true "blank canvas," albeit one that requires a thoughtful inspection for a home of its vintage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is based on factors like size, age, condition, and location. This home's below-average living area, age, and unrenovated condition place its municipal assessment in a lower range, which translates to lower property taxes.
2. What does "basement, not renovated" typically mean?
This usually indicates a functional but unfinished space. It likely provides essential utilities and storage but would not be considered livable finished space. Buyers should budget for potential updates to insulation, moisture control, or flooring.
3. Is the small lot size a disadvantage?
It depends on your priorities. A smaller lot means less yard maintenance and cost, which is a benefit for those seeking simplicity. However, it offers less private outdoor space and limited potential for expansions like a large addition or garage.
4. Who might this property not be suitable for?
It would likely not suit a growing family needing multiple bedrooms and bathrooms, anyone requiring ample storage or parking (as there's no garage), or a buyer unwilling to handle the maintenance or potential updates common with a 114-year-old home.
5. The last sold price range shows $20.5k-$23.5k. Is that accurate?
The provided range is an estimate from public data. For the exact historical sale price, you can request the information via email from the site; they provide this verified data manually without marketing spam.
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