45.3
Below average
Property score
45.3
Below average
Overall 45.3
Smaller than most nearby homes
690 sqft (bottom 11%)
Built in 1946 (2 yrs older than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 11 dining spots, 3 schools, 3 shops, and 8 parks 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
2 yrs older than neighborhood avg.
Mother tongue
English · 85%Tagalog · 4%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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45.3 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: #46110252
$76K
Median household income
$88K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
36%
Single-person households
14%
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
265 Rutland Street — 30 amenities found within 500 m, across 6 categories, including 11 dining (nearest 292 m), 3 education (nearest 386 m), 3 shopping (nearest 226 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 30% | Top 30% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This one-storey home at 265 Rutland Street presents a straightforward opportunity in Winnipeg's King Edward neighbourhood. Its key characteristic is a generous 4,231 sqft lot, which is notably larger than many on its street and in the immediate area. The house itself is modest at 690 sqft of living space, with an unrenovated basement and a detached garage, reflecting its 1946 build date. The assessed value is positioned around the average for the local market.
The primary appeal lies in the land itself. For the price point, buyers secure a sizable parcel in an established central neighbourhood, offering potential for expansion, gardening, or future redevelopment. It suits practical, value-oriented buyers such as first-time homeowners comfortable with a smaller living footprint, investors looking for a land-value play with existing rental income potential, or downsizers seeking a manageable home with outdoor space without a premium lot price. It’s a property where the long-term value may be more in what you can do with the land than in the current condition of the house.
Frequently Asked Questions
1. Is the house in move-in condition?
Based on the notation that the basement is "not renovated," the property likely requires updates and general maintenance. Buyers should budget for improvements and expect the character of an older home.
2. Why is the assessed value relatively low compared to the city-wide average?
The assessed value is benchmarked against similar homes in its specific area and street, where values are generally lower. It reflects the home's age, size, and condition within the local King Edward market, not the broader Winnipeg market where newer, larger homes dominate the average.
3. What are the possibilities for the large lot?
The above-average lot size is the standout feature. While subject to local zoning, it typically allows more flexibility for additions, creating extensive green space, or potentially adding a secondary structure (like a workshop or garage suite) where bylaws permit.
4. How does the sold price history work?
The listed sold price is an estimated range from public data. To obtain the exact historical sale price for this property, you must request it via email from the site. This is a manual process they provide to ensure accuracy.
5. How does this home compare to others on the street?
It ranks above average for lot size on Rutland Street but below average for living area. This indicates you're getting more land but less house than many neighbours, which is a crucial trade-off to consider based on your priorities.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
