71.9
Good
Property score
71.9
Good
Overall 71.9
Larger and newer than most nearby homes
1,512 sqft (top 3%)
Built in 2022 (74 yrs newer 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
Above average
59% larger than neighborhood avg.
Year Built
Above average
74 yrs newer 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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71.9 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
257 Rutland Street — 32 amenities found within 500 m, across 6 categories, including 12 dining (nearest 256 m), 3 education (nearest 345 m), 3 shopping (nearest 192 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 6% | Top 3% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 257 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2022, stands out for its modern foundation in the established King Edward neighbourhood. Its primary appeal lies in its combination of new construction and above-average space. With 1,512 sqft of living area, it offers significantly more room than most homes on its street and in the immediate area, placing it in the top tier locally. The home also features a renovated basement, adding to its functional space.
The property is best suited for buyers seeking a modern, low-maintenance home without sacrificing interior square footage. It’s ideal for those who value newer systems, contemporary layouts, and the peace of mind that comes with a recent build, all within a mature community. A thoughtful perspective for potential buyers is to consider the trade-off: while the house itself is modern and spacious, the land area is comparatively compact. This suits owners who prefer less yard maintenance but may not appeal to those dreaming of extensive gardens or large outdoor additions. Its elite rankings for assessed value in the area suggest it is perceived as a substantial and premium asset within its local market context.
Section 2: Frequently Asked Questions
1. Is this a brand-new home?
The home was built in 2022, so it is relatively new. It is past the initial builder warranty period but remains a modern property with contemporary standards and minimal wear.
2. How does the property size compare to the neighbourhood?
The living space is generous for the area, ranking in the top 5% on Rutland Street. However, the lot itself is smaller than average for the neighbourhood, which is a common characteristic of newer infill developments in established areas.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.
4. There’s no garage. What are the parking options?
The listing notes no garage. Parking is likely via a driveway or on-street. Verifying the exact parking provisions with the city or a property visit is recommended.
5. The assessed value seems low compared to city-wide averages. Why?
The assessed value is for municipal tax purposes and is not market value. The key takeaway is that this home’s assessment is in the top 1-4% for its neighbourhood and street, indicating it is considered a high-value property for this specific area.
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