Property score
70.4
Good
Overall 70.4 · Larger and newer than most nearby homes
1,465 sqft (top 4%) · Built in 2025 (77 yrs newer than avg)
Located in a above-average income area with median household income of ~67.5k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 12 dining spots, 3 schools, 3 shops, and 9 parks nearby
Living Area
Above average
54% larger than neighborhood avg.
Year Built
Above average
77 yrs newer 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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70.4 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
249 Rutland Street — 32 amenities found within 500 m, across 6 categories, including 12 dining (nearest 228 m), 3 education (nearest 315 m), 3 shopping (nearest 168 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 5% | Top 1% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
249 Rutland Street is a newly built, two-storey home in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its modern construction and above-average interior space within a well-established area. The home features a renovated basement and 1,465 sqft of living area, which ranks in the top 8% for its street and top 4% within the neighbourhood, offering more room than most nearby comparables. With a 2025 build date, it is a distinctly new property in a sea of century-old homes. The assessed value of $490k reflects its premium positioning locally, ranking in the top 5% on Rutland Street and top 1% in King Edward.
This property suits buyers seeking a modern, move-in-ready home without sacrificing inner-city location. It’s ideal for those who prioritize contemporary layouts and systems over a large yard, as the land area is notably smaller than city and neighbourhood averages. It represents a trade-off: maximum modernity and interior space on a compact, low-maintenance lot.
Key Considerations & FAQs
1. How does such a new home fit into this older neighbourhood?
It’s a true outlier. Being the newest home on the street and in the entire city-wide comparison set, it offers modern insulation, wiring, and building standards that surrounding heritage homes do not. This can mean significant savings on immediate repairs and energy costs.
2. The assessed value seems high for the area. Why?
The $490k assessment is elite for King Edward because it reflects the value of a brand-new structure. Unlike most neighbourhood homes where value is heavily tied to land, here it is driven by the modern building itself. This is confirmed by its recent sale price in the $500k range.
3. What are the implications of the smaller land size?
The lot is approximately 2,519 sqft, which is below average for both the street and city. This means lower outdoor maintenance and potentially lower property taxes tied to land value. However, it also means limited space for expansions, large gardens, or extensive outdoor recreation.
4. What is the realistic living space compared to other homes?
With 1,465 sqft, the living area is genuinely spacious for the area. You’re getting roughly 500 more sqft than the average comparable home on Rutland Street (~968 sqft). This suggests efficient use of the compact lot, likely with a multi-storey design.
5. Who might this property not suit?
Buyers seeking a traditional character home with a large yard should look elsewhere. Similarly, those expecting their property value to be driven by future land redevelopment potential may find the smaller lot limiting. It’s best for those who value the interior home over the land it sits on.
