53.0
Fair
Property score
53.0
Fair
Overall 53.0
Smaller but newer than most nearby homes
775 sqft (bottom 26%)
Built in 1986 (38 yrs newer 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: 9 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
19% smaller than neighborhood avg.
Year Built
Above average
38 yrs newer 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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53.0 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: #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
254 King Edward Street — 30 amenities found within 500 m, across 8 categories, including 9 dining (nearest 238 m), 2 education (nearest 432 m), 3 healthcare (nearest 255 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 42% | Top 39% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1986 bi-level home at 254 King Edward Street in Winnipeg’s King Edward neighbourhood presents a practical and affordable entry point into homeownership. Its key appeal lies in its relative modernity compared to many area homes, a recently renovated basement, and a detached garage. With 775 sqft of living space, the house is compact, ranking below average in size for the street, area, and city, which translates to lower utility costs and minimal upkeep. The assessed value is notably above average for the King Edward area, suggesting the property is in good standing relative to its immediate peers, though it remains a very affordable option citywide.
The home would suit first-time buyers or investors seeking a straightforward, low-maintenance property. Its smaller scale and newer build date (1986) reduce the risk of major structural issues common in century-old Winnipeg homes. The below-average land size (2,693 sqft) means less yard work, appealing to those who prefer a simpler outdoor space. A thoughtful perspective is that this property offers a chance to live in an established neighbourhood without the typical maintenance burden of an older, larger house, positioning it as a efficient, pragmatic choice rather than a sprawling family home.
Frequently Asked Questions
1. How does the home’s size compare practically?
At 775 sqft, the living area is compact, ranking in the bottom quarter for size on its own street. This is ideal for individuals, couples, or small families who prioritize efficiency and lower heating costs over spaciousness.
2. Why is the assessed value above average for the King Edward area?
The assessment is likely influenced by the home’s newer construction year (1986) and renovated basement compared to many neighbouring properties, which are often much older. It reflects a better-than-average condition for the immediate locale.
3. What are the implications of the smaller land size?
The lot is 2,693 sqft, which is significantly smaller than average for the street. This means a smaller yard to maintain, which can be a benefit for those seeking low upkeep, but offers less space for expansions, gardens, or outdoor recreation.
4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large private yard. The compact living area requires efficient use of space.
5. How can I get the exact historical sale price?
The listed sale price range is based on public data. To receive the exact sale price from the recorded transaction, you can use the email request feature provided on the listing page. The service is manual but typically provides a reply by the end of the same day.
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