46.4
Below average
Property score
46.4
Below average
Overall 46.4
Smaller than most nearby homes
775 sqft (bottom 26%)
Built in 1946 (2 yrs older 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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
2 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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46.4 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
253 Rutland Street — 32 amenities found within 500 m, across 6 categories, including 12 dining (nearest 239 m), 3 education (nearest 326 m), 3 shopping (nearest 176 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 49% | Bottom 49% | Bottom 21% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 47% | Bottom 48% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 253 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in King Edward presents a distinct value proposition centered on its land and location. Built in 1946, the 775 sqft house is modest in size, ranking below average for living space both on its street and within the wider city. However, its key strength is the generous 5,038 sqft lot, which is significantly larger than most in the immediate area, placing it in the top 7% on Rutland Street. The home features a renovated basement and a detached garage.
The primary appeal lies in this land potential. For the price, buyers are acquiring a sizable parcel in an established neighbourhood—a canvas for expansion, gardening, or future redevelopment. The assessed value is notably strong for the local area, suggesting the property is well-regarded relative to its peers. It suits practical buyers looking for an entry point into the market who value outdoor space over a large existing footprint, or investors considering the long-term value of the lot itself. It’s a property where the value is arguably more in the dirt than the dwelling, ideal for someone with renovation or expansion plans.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
While the current living area is below the city average, the renovated basement provides additional space. The large lot also offers unique potential to expand the home in the future, which many smaller lots in the area cannot accommodate.
2. Why is the assessed value higher than many neighbours?
The assessment likely reflects the combined value of the structure and, importantly, the substantial lot size. A larger, developable lot in an established neighbourhood typically carries a premium, even if the home itself is modest.
3. What is the neighbourhood like?
King Edward is a long-established, central Winnipeg neighbourhood. The property’s metrics show it is very typical for the area in terms of age and assessed value, indicating a stable, mature community.
4. How does the sold price history help?
The past sold price ranges provide a benchmark for market trends. Showing sales in 2017 and 2020, they allow you to gauge appreciation over time. For the most precise historical data, you can request the exact figures via email.
5. What are the main trade-offs with this property?
You are trading immediate interior square footage for land size and potential. The home requires a vision for utilizing the large lot, whether for outdoor living, storage, or future home improvements. It is a property that rewards a long-term perspective.
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