45.8
Below average
Property score
45.8
Below average
Overall 45.8
Smaller than most nearby homes
746 sqft (bottom 19%)
Built in 1920 (28 yrs older than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 7 dining spots, 1 school, 2 healthcare facilitys, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Near average
28 yrs older 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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45.8 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
338 Queen Street — 23 amenities found within 500 m, across 8 categories, including 7 dining (nearest 253 m), 1 education (nearest 462 m), 2 healthcare (nearest 332 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 28% | Bottom 14% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 338 Queen Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Queen Street in the King Edward neighbourhood presents a distinct value proposition centered on its land. Built in 1920, the 746 sqft house is modest in size, ranking below average for living space both locally and city-wide. However, it sits on a 7,006 sqft lot, which is notably large—placing it in the top 2% of lots in King Edward and the top 17% city-wide. This significant lot size offers substantial potential for expansion, gardening, or outdoor living that is rare for the area. The home features a renovated basement and a detached garage.
Its appeal lies in this land-to-structure ratio. For the price of a smaller, older home, you are primarily acquiring a generous piece of property in a central location. It suits a practical buyer who sees beyond the current footprint—perhaps a first-time investor, a homeowner planning a future major renovation or rebuild, or someone who values extensive private outdoor space over a large interior. The assessed value is around the local average, suggesting the current price reflects the existing home, with the lot size representing a hidden asset.
Frequently Asked Questions
1. Is the house in move-in condition?
While the basement has been renovated, the main living area is in a smaller, older home (1920). Buyers should budget for updates to suit modern tastes and should consider a thorough inspection common for homes of this age.
2. What makes this property stand out in the neighbourhood?
The lot size is the key differentiator. At over 7,000 sqft, it is exceptionally large for King Edward, offering privacy and possibilities that most neighbouring properties do not have.
3. What type of buyer is this best for?
It's ideal for a buyer with a vision—someone comfortable with a project, whether that's a gradual renovation, a future addition, or valuing the land itself for long-term potential. It's less suited for those seeking a turnkey, spacious home immediately.
4. How does the assessed value compare to recent sales?
The home last sold between $145k-$175k in 2017. Its current assessed value is around $247k. This gap highlights the importance of obtaining the exact sale price history and understanding current market conditions for a fair offer.
5. Can the lot be subdivided or is there development potential?
This is a critical question. Buyers interested in the land's development potential must contact the City of Winnipeg's Planning Department to investigate zoning bylaws, heritage designations (if any), and subdivision feasibility before purchasing.
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