41.4
Below average
Property score
41.4
Below average
Overall 41.4
Smaller than most nearby homes
696 sqft (bottom 12%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 9 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
Below average
27% smaller than neighborhood avg.
Year Built
Near average
30 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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41.4 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
282 Rutland Street — 27 amenities found within 500 m, across 6 categories, including 9 dining (nearest 330 m), 3 education (nearest 456 m), 3 shopping (nearest 258 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 10% | Bottom 12% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
282 Rutland Street is a compact, one-and-a-half storey home built in 1918, situated on a standard city lot in Winnipeg's King Edward neighbourhood. With 696 square feet of living space and an unfinished basement, it represents a straightforward, no-frills property. Its assessed value is notably low, both for the street and citywide, and it last sold in 2019 for a modest price. This is a home defined by its practicality and position as an entry point into the market.
Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and simplicity. It suits a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint with very low property taxes. Its charm is not in luxury finishes or size, but in its potential as a blank canvas and its financial accessibility.
A less obvious perspective is its statistical standing. While small, its living area is not the smallest on its street, ranking in the top half for its age. This suggests it exists within a fabric of similar, character homes, offering a sense of neighbourhood consistency rather than standing out as an anomaly. The appeal here is for a buyer who values a basic shelter without financial strain, sees potential in a basement for future expansion, and is comfortable in a home that requires a hands-on approach over time. It is not suited for those needing modern, turn-key conditions or ample space.
Frequently Asked Questions
1. What is the actual selling price?
The exact sold price history is not publicly displayed. The listed range is based on available data, but you can request the precise figures via email from the listing service.
2. What does "below average" for living area mean practically?
At 696 sqft, the home is significantly smaller than the Winnipeg average. This means efficient use of space is essential, and it typically accommodates one or two occupants comfortably. The unfinished basement presents the only option for expanding usable space.
3. Is the low assessed value a positive?
Yes, primarily. It translates to significantly lower annual property taxes compared to most city homes, which is a major ongoing cost savings. It reflects the home's modest size and condition, not necessarily its market value.
4. What should I know about a house built in 1918?
While the structure has proven durable, a home of this age will likely require attention to older components like wiring, plumbing, and insulation. A thorough inspection is crucial to understand the condition and any needed updates.
5. Are the nearby "similar value" properties good comparables?
Not directly. The list includes apartments and homes in different neighbourhoods, grouped solely by identical assessed value for tax purposes. For true market comparison, focus on the nearby houses on Rutland and Inglewood Streets, which share the same location, era, and style.
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