42.4
Below average
Property score
42.4
Below average
Overall 42.4
Smaller than most nearby homes
572 sqft (bottom 1%)
Built in 1950 (2 yrs newer than avg)
Located in a above-average income area
with median household income of ~78.5k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 7 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Near average
2 yrs newer than neighborhood avg.
Mother tongue
English · 68%Tagalog · 9%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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42.4 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: #46110239
$79K
Median household income
$87K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
22%
Single-person households
25%
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
324 Berry Street — 16 amenities found within 500 m, across 6 categories, including 3 dining (nearest 47 m), 1 education (nearest 403 m), 1 healthcare (nearest 100 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%
Local garbage, recycling, and yard waste pickup schedule for 324 Berry Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 25% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 324 Berry Street in Winnipeg's King Edward neighbourhood is defined by its compact size and significant lot. At 572 sq ft, the living space is notably smaller than most homes in the area and city-wide, placing it in the bottom 1% for size. However, it sits on a substantial 4,288 sq ft lot, which is above average for the King Edward area. The home was built in 1950, making it newer than many on its street, and features a renovated basement and a detached garage. Its assessed value is significantly below the city-wide average, reflecting its modest scale.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and potential, rather than its current living space. The very low assessed value and small house footprint present a unique opportunity. It is ideally suited for a buyer looking for a land play—someone comfortable with a minimalist living situation now, with an eye toward a future expansion, rebuild, or holding the lot as an investment. It could also suit an extremely budget-conscious first-time buyer seeking entry into the market with manageable taxes and upkeep, or an investor looking for a rental property with a low cost basis. The renovated basement adds functional space, and the detached garage provides storage or workshop potential. Its appeal is niche: it’s for the buyer who sees the lot as the main asset and the existing structure as a temporary or secondary consideration.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the property's very small living area (572 sq ft) compared to the typical Winnipeg home. The valuation reflects the current structure, not just the land.
2. Is the house livable in its current state, given the small size?
Yes, it is a complete, functional one-storey home with a renovated basement, which effectively adds usable space. It is livable for an individual, couple, or small household comfortable with compact living.
3. What are the possibilities for expanding or rebuilding on the lot?
With a lot size of 4,288 sq ft, there is considerable potential for an addition or a future rebuild, subject to local zoning bylaws and permitting. The existing home's small footprint leaves ample room on the lot.
4. How does the sold price history from 2019 relate to today's market?
The 2019 sale in the $17.5k-$20.5k range is a historical data point and reflects the market conditions and property state at that time. Current value would be influenced by factors like the renovation work, recent market trends, and the property's ongoing unique characteristics.
5. What is the neighbourhood like, and how does this property fit in?
King Edward is an established Winnipeg neighbourhood. This property is atypical for the area due to its very small house size, but its lot is consistent with others on the street. It offers an affordable entry point into the neighbourhood.
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