Property score
41.0
Below average
Overall 41.0 · Smaller and older than most nearby homes
640 sqft (bottom 5%) · Built in 1912 (36 yrs older than avg)
Located in a above-average income area with median household income of ~78.5k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 6 dining spots, 1 school, 2 healthcare facilitys, and 2 shops nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Below average
36 yrs older than neighborhood avg.
Mother tongue
English · 68%Tagalog · 9%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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41.0 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: #46110239
$79K
Median household income
$87K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
22%
Single-person households
25%
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
346 King Edward Street — 21 amenities found within 500 m, across 8 categories, including 6 dining (nearest 212 m), 1 education (nearest 410 m), 2 healthcare (nearest 252 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 37% | Bottom 33% | Bottom 13% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 13% | Bottom 5% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 2% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 346 King Edward Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1912, presenting a straightforward and minimal property opportunity. Its key characteristic is its exceptionally low financial barrier to entry, evidenced by an assessed value significantly below city and neighbourhood averages. The 640 sqft living area is modest, ranking in the bottom 3% citywide, and the home features an unrenovated basement and no garage. The lot, while smaller than most in the immediate area, is a manageable size.
The appeal lies primarily in its affordability and potential. It represents one of the most accessible entry points into homeownership in Winnipeg. It suits a specific buyer: an investor looking for a low-cost rental property, a hands-on individual seeking a minimalist living project with very low property taxes, or someone intending to use the land for future redevelopment. A less obvious perspective is its value as a "placeholder" property in a central neighbourhood, allowing an owner to establish equity in a specific area without a large initial outlay. It is not suited for those needing move-in-ready conditions or ample space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's very modest size, age, and condition relative to the broader market. It is characteristic of smaller, older homes that have not undergone significant modernization.
2. What does "below average" in the rankings mean for a buyer?
In this context, "below average" in metrics like living area or year built indicates the home is more compact and older than most. However, for the assessed value, being below average is the primary driver of affordability, signaling lower property taxes and purchase price.
3. Is the unrenovated basement a major concern?
It depends on intent. For a low-cost rental or bare-bones living, it may be sufficient as storage or utility space. For comfortable daily living, it represents a space that would require investment to finish, which should be factored into renovation plans and budget.
4. Who would this property not be suitable for?
It would not suit families needing multiple bedrooms, anyone unable to undertake maintenance or renovations, or buyers prioritizing modern amenities and ample living space. Its layout and condition demand a pragmatic approach.
5. The sold price history shows increases. Is this a trend?
The historical sold prices show appreciation from a very low base, which can be common with deeply affordable assets. This does not guarantee future performance but indicates the property has been treated as a value-priced asset in past transactions.
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