Property score
37.0
Below average
Overall 37.0 · Smaller than most nearby homes
520 sqft (bottom 1%) · Built in 1918 (30 yrs older than avg)
Located in a above-average income area with median household income of ~76k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 13 dining spots, 3 schools, 1 healthcare facility, and 5 shops nearby
Living Area
Below average
45% 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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37.0 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: #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
261 Collegiate Street — 34 amenities found within 500 m, across 7 categories, including 13 dining (nearest 275 m), 3 education (nearest 423 m), 1 healthcare (nearest 452 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 38% | Top 37% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 261 Collegiate Street, Winnipeg
Section 1: 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, with a living area of 520 sqft, which is notably smaller than most homes in the area and citywide. The basement has been renovated, and the property includes a detached garage.
The primary appeal lies in its affordability and efficiency. With a recently sold price and assessed value significantly below city averages, it presents a low-barrier entry point into homeownership. It suits buyers seeking a minimalist footprint, such as a first-time buyer comfortable with a cozy layout, an investor looking for a manageable rental property, or someone wanting to downsize without leaving the city. A thoughtful perspective is that a home of this size and vintage offers a simpler, lower-maintenance lifestyle and the potential to build equity with relatively low carrying costs, which can be a strategic financial move. Its renovated basement also adds functional space that belies the home's small main-floor footprint.
Section 2: Frequently Asked Questions
1. Is the house too small for comfortable living?
This depends entirely on lifestyle. At 520 sqft, it is compact and requires efficient use of space. It is ideal for one or two people comfortable with a minimalist layout. The renovated basement provides crucial additional space for laundry, storage, or a recreational area.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, older age, and the specific market values of the King Edward neighbourhood. It is in line with similarly sized and aged properties in the immediate area, indicating the valuation is consistent rather than an outlier.
3. What should I know about a house built in 1918?
While the systems (like plumbing and electrical) have likely been updated over time, a home of this age may still require ongoing maintenance or future upgrades. It's wise to have a thorough inspection to understand the condition of the foundation, roof, and major components.
4. How does the lot size compare, and what are the implications?
The lot is 2,708 sqft, which is smaller than the average for the street and neighbourhood. This means less yard maintenance but also less private outdoor space. The potential for future expansion, like an addition, would be more limited than on a larger lot.
5. The home recently sold. What can the sale price tell me?
The recent sale price (listed in a range) confirms the market value is close to its assessed value. This suggests the property is priced in line with the current market, providing a benchmark for affordability and indicating a stable, non-speculative value in the area.
