41.2
Below average
Property score
41.2
Below average
Overall 41.2
Smaller than most nearby homes
546 sqft (bottom 1%)
Built in 1949 (1 yr newer than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 9 dining spots, 2 healthcare facilitys, 2 shops, and 6 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 69%Tagalog · 13%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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41.2 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: #46110246
$75K
Median household income
$85K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
28%
Single-person households
21%
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 Queen Street — 25 amenities found within 500 m, across 8 categories, including 9 dining (nearest 243 m), 2 healthcare (nearest 302 m), 2 shopping (nearest 292 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 | Top 49% | Bottom 47% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 324 Queen Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1949, situated on a notably large lot for its King Edward neighbourhood. With 546 square feet of living space, it is among the smallest homes in the city, indicating a property that is fundamentally about the land it sits on rather than the size of the existing structure. The appeal lies in its potential and its positioning as an entry point into the market. The assessed value is very low, both for the street and city-wide, reflecting the home's modest condition (the basement is noted as not renovated) and size.
It would suit a specific type of buyer: a hands-on investor looking for a land-value play, a first-time buyer with renovation skills seeking an affordable foothold, or someone interested in a minimalist living scenario with ample outdoor space. Its standout feature is the 5,782 sqft lot, which ranks in the top 7% within King Edward, offering rare redevelopment or expansion potential that is uncommon for the area. This isn't a move-in-ready family home, but a base for future plans.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the existing structure's very small size and unrenovated condition. The value is primarily in the land, which is significantly larger than typical lots in the immediate neighbourhood.
2. What does "Top 100%" for Living Area mean?
This means that, compared to all homes in Winnipeg, this property's living area is in the smallest percentile. It ranks 193,844 out of 194,458, confirming it is one of the most compact houses in the city.
3. Is the large lot a benefit for future plans?
Yes. The lot size is well above average for King Edward (top 7%), providing unusual flexibility. This could make the property a candidate for a significant expansion, a garden suite, or eventual redevelopment, subject to zoning and permits.
4. How recent is the sale history, and what did it sell for?
The most recent recorded sale was in April 2022, with a public price range between $22.5k and $25.5k. This recent transaction at a low price point reinforces the property's status as a land-value opportunity.
5. Who should consider this property, and who should avoid it?
This property is for buyers focused on land value and long-term potential, who are comfortable with a major project or a very modest living space. It is not suitable for those seeking a turn-key home, significant existing square footage, or who are not prepared for the work an unrenovated, small house entails.
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