Property score
58.8
Fair
Overall 58.8 · Newer than most nearby homes
988 sqft (top 35%) · Built in 1980 (32 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
4% larger than neighborhood avg.
Year Built
Above average
32 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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58.8 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
255 Collegiate Street — 34 amenities found within 500 m, across 7 categories, including 14 dining (nearest 252 m), 3 education (nearest 399 m), 1 healthcare (nearest 470 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 14% | Top 14% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 255 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 255 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and value-conscious opportunity. Built in 1980, it is a newer construction compared to many homes in the area, potentially offering modern building standards and fewer immediate maintenance concerns than much older properties.
Its key appeal lies in its above-average positioning within its immediate context. The home sits on a larger-than-typical lot for the street and neighbourhood (over 5,300 sqft), providing valuable outdoor space. It also boasts a renovated basement and a detached garage. While its living space (988 sqft) is modest city-wide, it is squarely average for the local area, suggesting an efficient layout for its setting. The assessed value consistently ranks above average for both the street and King Edward, indicating recognized value by the city assessor relative to its peers.
This property would suit first-time buyers seeking a manageable, entry-level home with a good yard, or practical investors looking for a solid, no-fuss rental in an established neighbourhood. It’s less about grandeur and more about receiving more lot and a newer build than many surrounding properties for the price. A thoughtful perspective is that its 1980 build date may offer a "sweet spot"—avoiding the potential costly updates of a century home while still being established in a mature community.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 988 sqft, the living area is very typical for Collegiate Street and the wider King Edward neighbourhood, ranking near the average. It is, however, more compact than the Winnipeg city-wide average for homes.
2. What does the "above average" assessed value ranking mean?
The home’s assessed value ranks in the top 20-30% compared to similar properties on its street and in King Edward. This suggests the city assessor views it as having higher value than many of its direct peers, often based on factors like lot size, condition, and improvements like the renovated basement.
3. Is the lot size a significant feature?
Yes. The 5,308 sqft lot is notably larger than the average for both the street (~3,700 sqft) and the neighbourhood (~3,800 sqft). This is a distinct advantage, providing more private outdoor space than is common in the area.
4. What is the significance of the 1980 build year?
In a neighbourhood with many homes dating from the early to mid-1900s, a 1980 build is relatively new. This can imply more contemporary construction materials, electrical systems, and insulation standards, potentially leading to lower immediate repair costs.
5. Where can I find the exact historical sale price?
The listing service provides sold price ranges based on public data. To obtain the precise sale price from its last transaction in June 2021, you must request it directly via the email link provided on the detail page. They provide this information manually and do not use the request for unsolicited marketing.
