Property score
39.3
Below average
Overall 39.3 · Smaller than most nearby homes
684 sqft (bottom 11%) · Built in 1950 (2 yrs newer than avg)
Located in a average-income area with median household income of ~58.4k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 13 dining spots, 1 school, 4 healthcare facilitys, and 2 shops nearby
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
2 yrs newer than neighborhood avg.
Mother tongue
English · 72%Tagalog · 8%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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39.3 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: #46110244
$58K
Median household income
$66K
Average household income
15%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
42%
Single-person households
10%
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
280 Queen Street — 33 amenities found within 500 m, across 9 categories, including 13 dining (nearest 299 m), 1 education (nearest 481 m), 4 healthcare (nearest 291 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 | Bottom 25% | Bottom 13% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-storey home at 280 Queen Street in Winnipeg's King Edward neighbourhood presents a specific, value-oriented opportunity. Its primary appeal lies in the combination of a very large, above-average lot for the area and a notably low assessed value. At just under 684 sqft, the living space is compact and sits below average for the street, neighbourhood, and city. The house itself, built in 1950, is of average age for the area and features a detached garage and an unrenovated basement.
The property’s standout feature is its 5,786 sqft lot, which ranks in the top 7% within King Edward, offering significant outdoor space or future potential relative to nearby homes. This is paired with an assessed value that is well below city-wide averages. The profile suggests a home that is priced for its existing structure, with the land representing a substantial portion of the asset. It last sold in late 2022.
This property would best suit a practical buyer looking for a foothold in the city on a generous lot, such as a first-time homeowner comfortable with a smaller footprint, an investor considering land value or a future rebuild, or someone seeking a lower-cost property with ample outdoor space for gardens or expansion down the line. It is a project-oriented property, ideal for those whose vision extends beyond the current condition of the home.
Frequently Asked Questions
1. Is this a "tear-down" property?
While the home has a low assessed value and compact living area, it is a functional dwelling. The decision to renovate, expand, or rebuild would depend on a buyer's goals and budget, but the large lot size certainly makes future redevelopment a feasible consideration.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state, size, and characteristics. The below-average living area and the unrenovated condition of the basement contribute to a valuation that is primarily driven by the land value in this instance.
3. What are the real costs beyond the purchase price?
Prospective buyers should budget for updates to a home of this age, which may include mechanical systems, windows, or insulation. The unrenovated basement also presents either a project cost or a negotiation point. Property taxes will, however, benefit from the lower assessment.
4. How does the large lot size benefit me if I don't want to rebuild?
A lot of this size in the city offers rare privacy and space for gardening, recreation, or adding a detached structure like a workshop or large shed. It provides a sense of openness uncommon for the neighbourhood.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price from November 2022 is not displayed publicly due to data source restrictions. You can request it directly via the email button on the listing page. The service provides the accurate figure manually, typically by the end of the same day, without using your email for marketing.
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