39.5
Below average
Property score
39.5
Below average
Overall 39.5
Smaller than most nearby homes
688 sqft (bottom 11%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~76k
Transit 86.0
4-min walk to transit with 4 nearby routes
Within 500m: 12 dining spots, 1 school, 1 healthcare facility, and 4 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
30 yrs older 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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39.5 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
254 Parkview Street — 30 amenities found within 500 m, across 7 categories, including 12 dining (nearest 237 m), 1 education (nearest 479 m), 1 healthcare (nearest 372 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%
Local garbage, recycling, and yard waste pickup schedule for 254 Parkview Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 13% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 254 Parkview Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale: at 688 sqft, the living area is notably smaller than most homes on its street, in the area, and across Winnipeg. The basement exists but is not renovated, there is no garage or pool, and the assessed value is significantly below city-wide averages. The appeal lies squarely in its position as an entry-point property. It suits a very specific buyer: someone seeking absolute minimal footprint and the lowest possible price point for a standalone house in the city. Its recent sale history suggests it functions as a true starter home or a pragmatic investment property. A less obvious perspective is that its smaller size and lot, while not for everyone, translate to lower utility costs and less maintenance—a practical advantage for a budget-conscious or time-poor owner. It’s not a home for those needing space, but rather for those valuing the autonomy of a house over an apartment, with the understanding that any future value will be tied to the land and potential for expansion.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's very modest size, age, and basic condition compared to the broader Winnipeg market, which includes many larger, newer, and renovated properties.
2. What does "basement, not renovated" typically mean?
It indicates the basement is unfinished or in original condition, likely suitable for storage or utilities but not designed as livable space without significant investment.
3. Who would this property be most suitable for?
It would best suit a first-time buyer with a very tight budget, an investor looking for a rental property with a low entry cost, or someone seeking a minimal-maintenance standalone home without needing extra space.
4. How does the lot size compare?
At just over 2,700 sqft, the lot is smaller than average for its street and the city, but is around average for the King Edward neighbourhood. This is consistent with older, central city lots.
5. The data shows it sold recently. What does that indicate?
The sale in 2022 within the $14.5k-$17.5k range confirms its status as a very low-priced property. This recent turnover suggests it is seen as a viable, no-frills asset in the market, likely purchased for its land value and fundamental shelter.
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