41.4
Below average
Property score
41.4
Below average
Overall 41.4
Smaller and older than most nearby homes
692 sqft (bottom 11%)
Built in 1913 (35 yrs older than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 88.0
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
27% 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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41.4 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: #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
332 Rutland Street — 12 amenities found within 500 m, across 4 categories, including 2 dining (nearest 252 m), 2 shopping (nearest 163 m), 7 parks (nearest 104 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 16% | Bottom 18% | Bottom 7% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 6% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
332 Rutland Street is a compact, one-storey home built in 1913, situated on a standard city lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into homeownership. The house itself is modest, with a living area of 692 sq ft that ranks below average for its street, neighbourhood, and the city. It features a basement and a detached garage. The assessed value is notably low, reflecting the home's size, age, and condition—the basement is noted as not being renovated. Recent sale prices indicate it has been a consistently low-value property in the market.
This property would suit a very specific buyer: a hands-on first-time purchaser or investor looking for a minimal financial entry point. Its low taxes and purchase price are the primary draws, ideal for someone willing to live simply and make gradual improvements, or for an investor considering it as a rental property. A less obvious perspective is its potential as a "holding property" – a way to enter a mature neighbourhood at a very low cost, with the future option to significantly expand or rebuild on the lot, which is a reasonable size for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's specific characteristics: its small size (692 sq ft), its age (1913), and that it has not been renovated. It is assessed comparably to other very modest, older homes in its immediate area.
2. What does "basement, not renovated" typically imply?
This usually indicates a functional but unfinished or partly finished basement in original or utilitarian condition. Buyers should budget for potential updates to insulation, flooring, or moisture management to make it a more comfortable living or storage space.
3. Who would this house be a good fit for?
It is best suited for a budget-conscious first-time homebuyer comfortable with a compact living space, or an investor looking for a low-cost rental property. It is less suitable for those needing move-in-ready finishes or more room.
4. The sold price history shows a range. What does that mean?
The ranges are estimates based on public data. To obtain the exact historical sale prices for precise valuation, you must request the information directly via the provided email service.
5. How does the land size compare to the neighbourhood?
At 2,524 sq ft, the lot is around average for Rutland Street but below the average for the broader King Edward neighbourhood. It is a standard city lot, offering outdoor space and potential for additions or landscaping, but not an unusually large parcel.
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