61.9
Fair
Property score
61.9
Fair
Overall 61.9
Larger than most nearby homes
1,160 sqft (top 17%)
Built in 1928 (20 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 6 dining spots, 3 healthcare facilitys, 1 shop, and 7 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
22% larger than neighborhood avg.
Year Built
Near average
20 yrs older 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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61.9 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
316 King Edward Street — 22 amenities found within 500 m, across 7 categories, including 6 dining (nearest 210 m), 3 healthcare (nearest 222 m), 1 shopping (nearest 331 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 40% | Bottom 38% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-three-quarter storey home on King Edward Street offers a practical opportunity in Winnipeg. Built in 1928, it sits on a 4,428 sqft lot and features 1,160 sqft of living space. The home has a basement, but it is noted as not renovated, and there is no garage or pool. Its assessed value is $27,700.
Key Characteristics & Appeal
The primary appeal of this property lies in its solid positioning within the immediate King Edward neighborhood. Its living space is notably above average for the street and the broader King Edward area, ranking in the top 13% and 17% respectively, which suggests a more spacious interior compared to many nearby homes. The lot size is also competitive locally. This creates a value proposition for a buyer who prioritizes more room over modern finishes, as the unrenovated basement indicates a home that is functional but awaits personalization.
It would best suit a hands-on buyer or investor comfortable with a project. The low assessed value and historical sale price point to an accessible entry point into the market, ideal for a first-time buyer willing to build sweat equity or an investor looking for a rental property with a traditional layout. The home’s age offers classic character but also implies a need for diligent maintenance and potential updates. A less obvious perspective is its appeal to those who value established, tree-lined streets over newer subdivisions; the data shows that, citywide, this home is older and has a lower assessed value than average, highlighting it as a distinctly urban, vintage option rather than a modern one.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has sloped ceilings or dormers, with full-height walls only in the center of the upper rooms. It offers more space than a bungalow but often with a cozier feel than a full two-storey.
2. The assessed value seems very low compared to city-wide averages. Why?
The assessed value is for municipal tax purposes and is not the market value. Its low ranking city-wide (Top 77%) reflects the home's age, condition, and the typically lower property values in older, central neighborhoods compared to newer areas of Winnipeg.
3. Is the living space actually larger than average?
Yes, but context is key. The 1,160 sqft is above average specifically for the King Edward street and neighborhood, where many homes are more compact. City-wide, it is closer to the average, as newer homes tend to be built larger.
4. What is implied by the "basement, not renovated" note?
This indicates the basement is functional but in original or utilitarian condition. It likely lacks modern finishes and may have older mechanical systems. Buyers should budget for updates and consider a thorough inspection for moisture or foundation issues common in homes of this age.
5. How recent is the sale price history shown?
The last recorded sale was in July 2016, with a price range between $20.5k and $23.5k. This historical data is useful for trend context, but current market value would be significantly higher and determined by recent comparable sales, condition, and market dynamics.
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