Property score
45.1
Below average
Overall 45.1 · Smaller than most nearby homes
792 sqft (bottom 29%) · Built in 1942 (6 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, 4 schools, 3 shops, and 9 parks nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Near average
6 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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45.1 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: #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
251 Amherst Street — 32 amenities found within 500 m, across 6 categories, including 12 dining (nearest 208 m), 4 education (nearest 310 m), 3 shopping (nearest 215 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 16% | Top 10% | Top 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 23% | 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 & Appeal
This one-storey home at 251 Amherst Street in Winnipeg's King Edward neighborhood presents a practical and value-conscious opportunity. Its key characteristic is a clear discrepancy between its modest physical size (792 sq ft living area, below area averages) and its strong assessed value, which ranks in the top 10-16% locally. This suggests the value is anchored in its desirable lot size (over 4,600 sq ft), the renovated basement, and the location itself. The detached garage adds functional appeal.
The property suits first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space, and investors looking for a solid, rentable asset in a central area. Its appeal lies in this balance: it’s a smaller, older home (built 1942) on a good piece of land in an established community. A thoughtful perspective is that while the living space is compact, the high assessment relative to nearby homes indicates a perceived stability or upside that isn't solely about square footage—possibly due to the renovation, lot potential, or micro-location.
Frequently Asked Questions
1. Why is the assessed value high compared to the home's size?
The assessment likely reflects the combination of the renovated basement, the above-average lot size for the King Edward area, and the detached garage. Value in older neighborhoods often resides in land and functional updates, not just living area.
2. What does the recent sale history indicate?
The property sold in February 2025 for an estimated $33.5k-$36.5k, which was well above the area average at the time. This recent transaction supports the current assessed value and suggests sustained market interest.
3. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or substantial above-ground living space, as the main floor is compact. Those needing multiple bedrooms or dedicated home-office spaces on the main level should assess the layout carefully.
4. How does the lot size compare?
At 4,697 sq ft, the lot is above average for the King Edward neighborhood. This is a key feature, offering valuable outdoor space, gardening potential, or room for additions like a shed or deck, which is less common on tighter inner-city lots.
5. Are the property taxes likely to be high?
While the assessed value is strong for the local area, it remains around the city-wide average. Property taxes should be relatively moderate for Winnipeg, but buyers should verify the exact tax amount based on the final sale price.
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