49.5
Below average
Property score
49.5
Below average
Overall 49.5
Smaller than most nearby homes
796 sqft (bottom 30%)
Built in 1954 (6 yrs newer than avg)
Located in a above-average income area
with median household income of ~83k
Transit 88.0
2-min walk to transit with 3 nearby routes
Within 500m: 7 dining spots, 3 healthcare facilitys, 1 shop, 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
16% smaller than neighborhood avg.
Year Built
Near average
6 yrs newer than neighborhood avg.
Mother tongue
English · 72%Tagalog · 9%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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49.5 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: #46110243
$83K
Median household income
$91K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
26%
Single-person households
22%
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
302 King Edward Street — 24 amenities found within 500 m, across 7 categories, including 7 dining (nearest 230 m), 3 healthcare (nearest 230 m), 1 shopping (nearest 315 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 26% | Top 18% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 302 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1954, offering a practical and affordable entry point into Winnipeg’s King Edward neighborhood. Its key characteristic is its modest 796 sqft living area, which is below the city average but quite typical for the immediate area. The home sits on a standard city lot of just under 4,000 sqft and features a renovated basement and a detached garage.
The primary appeal lies in its value and location. With an assessed value significantly below the city average, it represents a lower financial barrier to homeownership. It suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property without the upkeep of a larger home. A thoughtful perspective is that its smaller size and average rankings within its own neighborhood suggest it’s a “core” example of the area’s housing stock—not an outlier, but a stable, representative property. The renovated basement adds functional living space, which is a key asset in a smaller home.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 796 sqft, the living area is below the Winnipeg average but ranks in the top 74% on its own street, meaning it’s actually more spacious than many direct neighbors. It’s a compact layout suited for individuals, couples, or small families.
2. What does the assessed value indicate about the price?
The assessed value is around average for the King Edward area but falls in the top 79% citywide (meaning it's lower than most of the city). This typically suggests a more affordable price point compared to the broader Winnipeg market.
3. How does the lot size compare?
The lot is approximately 3,954 sqft. This is slightly above average for the city overall but a bit smaller than the average lot on King Edward Street itself. It provides a standard outdoor space for a city home.
4. Has the property value been stable?
Based on its last sale in mid-2022, the sold price range was consistent with its current assessed value, indicating stability in its market segment over the past few years.
5. What is the likely condition of the home given its age?
Built in 1954, the home is of average age for its neighborhood and the city. The listing notes a renovated basement, which is a positive update. Buyers should budget for routine maintenance expected of a home from this era and consider a thorough inspection for major systems.
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