Property score
59.0
Fair
Overall 59.0 · Newer than most nearby homes
904 sqft (bottom 49%) · Built in 2016 (68 yrs newer than avg)
Located in a above-average income area with median household income of ~76k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 14 dining spots, 3 schools, 1 healthcare facility, and 5 shops nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Above average
68 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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59.0 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: #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
251 Collegiate Street — 34 amenities found within 500 m, across 7 categories, including 14 dining (nearest 242 m), 3 education (nearest 388 m), 1 healthcare (nearest 478 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 43% | Top 42% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
251 Collegiate Street is a modern bi-level home in Winnipeg's King Edward neighbourhood. Built in 2016, it stands out in an area with many older homes, offering contemporary construction without the need for immediate major updates. The home features 904 sqft of living space and a full, unrenovated basement, presenting a blank canvas for future expansion. Its assessed value is notably above average for the immediate area, reflecting its newer build status.
The appeal lies in its balance of modern fundamentals and potential. It’s a turn-key property for its core living space, yet the basement offers a clear opportunity to add value. The lot size is manageable, suiting those who prefer lower outdoor maintenance. This property would best suit first-time homebuyers looking for a newer build in an established neighbourhood, or practical investors seeking a modern property with a straightforward value-add project in the basement. It’s a sensible choice for those prioritizing a worry-free structure over ornate finishes or a large yard.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value is above the average for the King Edward neighbourhood, but ranks around the middle when compared specifically to other homes on Collegiate Street. This suggests you’re paying a premium for the modern build year compared to the street's older stock.
2. What does "basement not renovated" typically mean?
In this context, it likely means the basement is unfinished or only roughly finished—think concrete floors, exposed framing, and basic utilities. It’s a functional space for storage or laundry, but not a livable family room without investment.
3. Is the lot size a concern?
The land area is smaller than the Winnipeg city average, but is fairly typical for the King Edward area. It’s a point to consider if you envision extensive gardening, outdoor entertaining, or future additions, but is sufficient for a patio, small lawn, and standard city amenities.
4. What are the implications of buying a home built in 2016?
A home of this age should still be under coverage for some original component warranties (e.g., roof, major appliances). It also means major systems like plumbing, electrical, and insulation meet modern building codes, potentially leading to lower immediate repair costs and better energy efficiency than many neighbouring homes.
5. Who are the most likely competing buyers for this property?
Given its profile, competition would likely come from two groups: first-time buyers attracted to the newer build and its move-in readiness, and investor-buyers who see the unrenovated basement as a straightforward opportunity to increase rental yield or resale value after a finish.
