45.6
Below average
Property score
45.6
Below average
Overall 45.6
Compared with neighbourhood average
840 sqft (bottom 37%)
Built in 1918 (30 yrs older than avg)
Located in a above-average income area
with median household income of ~76k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 3 dining spots, 1 healthcare facility, 1 shop, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
12% smaller than neighborhood avg.
Year Built
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 10%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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45.6 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: #46110241
$76K
Median household income
$74K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
30%
Single-person households
23%
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 Parkview Street — 15 amenities found within 500 m, across 5 categories, including 3 dining (nearest 151 m), 1 healthcare (nearest 217 m), 1 shopping (nearest 273 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 1% | Bottom 5% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 324 Parkview Street, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1918 on a standard city lot in the King Edward neighbourhood. Its key characteristic is its exceptionally low municipal assessed value, which is in the bottom 3% citywide. The 840 sqft living area is modest, ranking below average for its street and the city, and the basement is noted as unrenovated. The home includes a detached garage.
The primary appeal lies in its position as a true entry-point into homeownership or as a strategic holding property. The very low taxes, resulting from the low assessment, are a significant, ongoing financial benefit. This property suits a pragmatic, hands-on buyer—perhaps a first-time purchaser willing to live simply while building equity, or an investor looking for a low-cost asset with renovation potential. Its value is not in its current condition or size, but in the opportunity it represents: a chance to secure a land title in the city with minimal carrying costs, providing time and flexibility for future plans.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Municipal assessments are based on a mass appraisal system considering factors like size, age, condition, and recent sales of comparable properties. This home’s modest size, age, and unrenovated state result in an assessment focused on its current utility, not its potential or land value alone.
2. What does "Top 98%" for the assessed value ranking mean?
This statistic means the home’s assessed value is higher than only 2% of comparable properties on its street (or 3% citywide). In simpler terms, it is in the bottom 2-3% for assessed value, which directly correlates to having some of the lowest property taxes in the comparison group.
3. Is the sold price history reliable?
The listed sold price is a range based on public data. For the exact historical sale price, you must request it directly via the provided email service, which manually verifies the land title records.
4. What should I consider about a home from 1918?
While the building age is around average for the King Edward area, a home from this era will likely require updates to mechanical systems (like wiring and plumbing) and insulation. The unrenovated basement suggests all improvements would be the responsibility of the new owner.
5. How useful are the comparisons to nearby and similar-value properties?
The nearby listings (e.g., 322, 328 Parkview) are useful for understanding the immediate streetscape. The "similar assessed value" properties, however, may be in different neighbourhoods and building types (like condos), highlighting that a low assessment is this home's standout trait, not its location or style.
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