74.6
Good
Property score
74.6
Good
Overall 74.6
Larger and newer than most nearby homes
1,586 sqft (top 2%)
Built in 2023 (75 yrs newer than avg)
Located in a above-average income area
with median household income of ~75.5k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 1 shop, 8 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
Above average
67% larger than neighborhood avg.
Year Built
Above average
75 yrs newer 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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74.6 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
340 Rutland Street — 12 amenities found within 500 m, across 4 categories, including 2 dining (nearest 251 m), 1 shopping (nearest 164 m), 8 parks (nearest 105 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 1% | Top 1% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
340 Rutland Street is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its combination of new construction and a highly efficient, above-average living space. With 1,586 sqft of living area, the home ranks in the top 2% locally, meaning it offers significantly more interior space than most comparable homes on its street and in the wider area. This is complemented by a renovated basement, adding functional space. The property suits buyers seeking a modern home without the wait of a build, particularly those who prioritize interior square footage and contemporary finishes over a large yard, as the lot size is more compact compared to city averages.
A thoughtful perspective is that this home represents a strategic balance. It delivers the benefits of new systems, insulation, and layout in an established neighbourhood, potentially offering energy efficiency and lower immediate maintenance. It would especially suit young professionals, small families, or downsizers looking for a modern, low-maintenance property where the living space is optimized over land area. The impressive assessed value rankings suggest it is seen as a premium property within its immediate context, which could appeal to value-conscious buyers looking for a home that stands out in its local market.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area is 2,524 sqft, which is around average for Rutland Street but below the average for both the King Edward neighbourhood and Winnipeg citywide. This indicates a more compact, low-maintenance yard typical of newer infill developments.
2. What does the "Elite" ranking for its living area mean?
This statistical ranking shows the home's living space is larger than 98% of comparable homes on its street and in the King Edward area. Essentially, you are getting more interior square footage than almost all similar local properties.
3. The home sold in 2023 and is now listed again. Is that a concern?
The property was originally sold new in March 2023. A resale after a short period is not uncommon for new builds and can be due to many personal circumstances. Its current assessed value remains in the top tier for the area.
4. What are the implications of such a high assessed value?
With an assessed value ranking in the top 1% for King Edward and top 7% on its street, the property is officially valued significantly higher than most peers. This can reflect its modern build, size, and condition, but it's important to note that assessed value is for taxation and not a direct market price.
5. There is no garage. Is street parking readily available?
The listing notes no garage. As with many central neighbourhoods, prospective buyers should verify on-street parking regulations, availability, and consider personal needs for daily vehicle storage.
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