Property score
35.2
Below average
Overall 35.2 · Smaller and older than most nearby homes
760 sqft (bottom 23%) · Built in 1910 (38 yrs older than avg)
Located in a average-income area with median household income of ~58.4k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 9 dining spots, 3 healthcare facilitys, 1 shop, and 8 parks nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Below average
38 yrs older 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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35.2 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
305 King Edward Street — 27 amenities found within 500 m, across 8 categories, including 9 dining (nearest 265 m), 3 healthcare (nearest 271 m), 1 shopping (nearest 276 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 9% | Bottom 6% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 305 King Edward Street
Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, offering a straightforward entry point into Winnipeg’s King Edward neighborhood. With 760 square feet of living space and no basement, it presents a low-maintenance footprint. The lot size of approximately 2,894 sqft is modest but manageable. The home’s assessed value is notably low compared to city-wide averages, which translates to correspondingly lower property taxes—a significant, ongoing financial benefit.
The primary appeal lies in its affordability and simplicity. It suits a very specific buyer: a first-time purchaser, an investor looking for a rental property, or someone seeking to downsize to the essentials. Its vintage character (pre-dating most homes in the area) may hold charm for those not wanting a generic modern build. A thoughtful perspective is that this property represents a "blank canvas" opportunity. The lower acquisition and carrying costs could free up budget for strategic renovations, allowing an owner to incrementally add value tailored to their needs, rather than paying a premium for already-finished spaces that may not suit their taste.
Frequently Asked Questions
1. What does the low assessed value mean for me?
A low assessed value primarily results in lower annual property tax bills. It reflects the municipality’s valuation for taxation purposes, which is often based on older sales data and specific formulas, and is not a direct market price.
2. Is the lack of a basement a major drawback?
It limits storage and potential for a traditional rec room or rental suite. However, it also eliminates risks and costs associated with basement moisture, flooding, or renovation, simplifying home maintenance and reducing a common worry for older homes.
3. How does the living space compare to typical homes?
At 760 sqft, it is significantly smaller than the Winnipeg average (~1,342 sqft). This necessitates efficient use of space and a minimalist approach, but also makes for easier and less expensive cleaning, heating, and upkeep.
4. The home is over 110 years old. What should I consider?
While the structure has proven its durability, major systems like plumbing, electrical, and the roof may have been updated over time. A thorough inspection is essential to understand the condition and age of these critical components, as updating them can be a priority over cosmetic fixes.
5. Can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. The exact sale prices are available by request directly from the listing service, which they provide manually via email to ensure accuracy and privacy for past transactions.
