47.6
Below average
Property score
47.6
Below average
Overall 47.6
Older than most nearby homes
850 sqft (bottom 39%)
Built in 1913 (35 yrs older than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 2 shops, 7 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
11% smaller than neighborhood avg.
Year Built
Below average
35 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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47.6 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: #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
326 Rutland Street — 12 amenities found within 500 m, across 4 categories, including 2 dining (nearest 255 m), 2 shopping (nearest 166 m), 7 parks (nearest 110 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 36% | Bottom 38% | Bottom 15% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 2% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 850 sqft, one-storey home on Rutland Street in Winnipeg's King Edward neighbourhood presents a straightforward, no-frills opportunity. Built in 1913, it sits on a 2,524 sqft lot and features a basement, though it is noted as not being renovated. There is no garage or pool. Its assessed value is $23,500.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as an affordable entry point into the Winnipeg market. It is a modest, century-old home that ranks as average or slightly below average for its immediate street and neighbourhood in terms of size, value, and land, but is notably below the city-wide averages for living space and lot size. This suggests a home for those prioritizing location and budget over square footage.
Its appeal is practical: low property taxes due to the low assessed value, and the potential for customization given the unrenovated basement. The lot, while smaller than many in the city, is typical for the area and offers manageable outdoor space. It would best suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimal footprint who values the character of an older, established neighbourhood like King Edward. A thoughtful perspective is that its "average" standing on its street indicates it fits the local context well, avoiding the premium or the extreme fixer-upper status of some comparables.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is not market value; it's for municipal tax purposes. This valuation reflects the home's age, modest size, and condition relative to newer or larger homes across Winnipeg. Taxes will be correspondingly lower.
2. What does "basement, not renovated" typically imply?
It suggests the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and consider a thorough inspection for foundational, moisture, or electrical concerns common in homes of this era.
3. How does the smaller lot size impact the property?
The lot is manageable for low-maintenance living but may limit expansion possibilities like a large addition or garage. It is, however, consistent with other properties on Rutland Street.
4. The home sold for between $10.5k-$13.5k in 2017 and $20.5k-$23.5k in 2019. What does this indicate?
This price history shows significant appreciation in a short period, though from a very low base. It highlights the property's role as a low-cost asset, with values that can be influenced significantly by even modest investment or market shifts in affordable segments.
5. Who are the most likely buyers for this type of home?
Given its metrics, the most likely buyers are investors seeking a rental property, very budget-conscious first-time homebuyers willing to take on a project, or individuals looking to own a tangible asset with minimal ongoing tax liability.
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