45.3
Below average
Property score
45.3
Below average
Overall 45.3
Smaller than most nearby homes
672 sqft (bottom 8%)
Built in 1947 (1 yr older than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 8 dining spots, 3 shops, 9 parks, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
1 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
306 Rutland Street — 22 amenities found within 500 m, across 5 categories, including 8 dining (nearest 278 m), 3 shopping (nearest 194 m), 9 parks (nearest 136 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 49% | Bottom 49% | Bottom 21% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Bottom 39% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 306 Rutland Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, situated on a notably generous lot in the King Edward neighbourhood. With 672 sqft of living space, the home is significantly smaller than both local and city-wide averages, positioning it as a true starter home or a downsizing opportunity. Its key practical feature is a renovated basement, adding functional space. The property’s standout characteristic is its 4,240 sqft land area, which is well above average for Rutland Street and offers valuable outdoor space or future potential in a mature area.
The appeal here is grounded in affordability and lot size. It suits a specific buyer: a first-time purchaser comfortable with a modest footprint, an investor looking for a land-value play with existing rental income potential (given the basement suite), or someone seeking a lower-maintenance property with a surprisingly large yard for gardening or expansion. Its assessed value is consistently around the average for its immediate area, suggesting a stable, no-frills entry point into the market. The recent sale history indicates steady, modest appreciation in line with its peer group.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal, secondary suite. This is a crucial point for verification with the seller or city records, especially for buyers considering rental income.
2. Given the home's smaller size, what is the condition of the main living areas?
The data highlights the basement renovation and lot size, but not the condition of the primary 672 sqft main floor. Buyers should focus inspections here, as updates to essential systems (roof, wiring, plumbing) in a 1947 home could be a significant factor.
3. How does the low assessed value compare to likely selling price?
The assessed value is around $24,600, which is for municipal tax purposes. Recent sold prices (2022-2024) for this property ranged from the low to mid-$200,000s. The selling price is market-driven and will be substantially higher than the assessed value.
4. What does the "below average" living area ranking mean practically?
Ranking in the bottom 7% city-wide for size means this is one of the smaller single-family homes in Winnipeg. Daily life will require efficient use of space and creative storage solutions. The large lot partially compensates by offering outdoor "rooms."
5. Are the recent sold prices for this exact property reliable?
The listed price ranges are based on public data estimates. For exact, verified sale figures, you must request the information directly from the listing service, as noted on the detail page.
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