53.0
Fair
Property score
53.0
Fair
Overall 53.0
Smaller but newer than most nearby homes
784 sqft (bottom 27%)
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
18% 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
256 King Edward Street — 30 amenities found within 500 m, across 8 categories, including 9 dining (nearest 244 m), 2 education (nearest 440 m), 3 healthcare (nearest 262 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 46% | Top 43% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 256 King Edward Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 256 King Edward Street presents a practical and affordable entry point into Winnipeg’s King Edward neighbourhood. Built in 1986, it is notably newer than most homes in the immediate area and across the city, which may appeal to buyers seeking a property with potentially fewer age-related concerns than the century-old homes common here.
The house itself is compact, with 784 sqft of living space, placing it below average in size for the street, neighbourhood, and city. However, it includes a renovated basement and a detached garage. Its assessed value is very modest and aligns with the local average, suggesting a relatively low property tax burden. The lot is also smaller than typical, which translates to less exterior maintenance.
The primary appeal lies in its position as a functional, no-frills home in an established area. It would suit first-time buyers, investors, or downsizers whose priority is financial accessibility and a manageable footprint over spaciousness. The recent basement renovation adds modern livable space, making the total usable area more competitive than the main floor square footage alone suggests. A thoughtful perspective is that while the stats show it as "below average" in size and land area, this directly enables its affordability and lower upkeep—a worthwhile trade-off for the right buyer.
Frequently Asked Questions
1. Is the living space too small?
At 784 sqft, the main living area is compact. However, the inclusion of a renovated basement significantly increases the total usable space, making the home more functional than the square footage alone indicates. It’s ideal for individuals, couples, or small families comfortable with efficient living.
2. How does the assessed value affect property taxes?
With an assessed value around $27k, which is typical for this specific street and neighbourhood, the property tax burden is likely to be comparatively low. This is a key factor in the home’s overall affordability.
3. What are the benefits of a 1986 build in this area?
Most surrounding homes are much older, often dating to the early 1900s. A 1986 build may offer more modern construction standards, wiring, and plumbing, potentially reducing immediate repair costs and concerns common with century-old homes.
4. What does "below average" land area mean for me?
The lot is smaller than most in the city (2,694 sqft). This means less yard to maintain, which can be a benefit for those seeking low-maintenance outdoor space. It may limit extensive gardening or large additions but simplifies upkeep.
5. Who are the most likely buyers for this property?
This home is particularly suited for first-time buyers entering the market, practical downsizers looking to reduce expenses and maintenance, or investors seeking a rental property with a stable, modest valuation in an established neighbourhood.
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