Property score
35.4
Below average
Overall 35.4 · Smaller than most nearby homes
502 sqft (bottom 1%) · Built in 1918 (30 yrs older than avg)
Located in a above-average income area with median household income of ~74.5k
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
47% smaller than neighborhood avg.
Year Built
Near average
30 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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35.4 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: #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
357 King Edward Street — 22 amenities found within 500 m, across 8 categories, including 6 dining (nearest 268 m), 1 education (nearest 401 m), 2 healthcare (nearest 311 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 5% | Bottom 5% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
357 King Edward Street is a compact, one-storey home built in 1918, situated on a standard-sized lot in Winnipeg. Its defining characteristic is its exceptionally low assessed value, which places it in the bottom 1-2% of properties citywide. At just over 500 square feet of living space, the house is significantly smaller than most homes in the neighbourhood and the city. It features a basement that has not been renovated and does not include a garage or pool.
Key Characteristics & Appeal
The primary appeal of this property is its position as one of the most affordable entry points into homeownership in Winnipeg. Its very low property taxes, resulting from the minimal assessed value, are a major financial consideration. The lot provides a standard footprint for the area, offering potential for expansion or outdoor space relative to the home's size.
This home would suit a specific type of buyer: a minimalist, an investor looking for a low-cost rental property, or a hands-on individual seeking an ultra-affordable project. It is not suited for those requiring move-in-ready condition, multiple bedrooms, or ample living space. A thoughtful perspective is that this property represents a pure value play on land and location, with the existing structure being largely incidental. It appeals to those who see potential where others see limitation, whether that’s through a total renovation, rebuilding, or simply securing a low-cost base in the city.
1. Why is the assessed value so low compared to other homes?
The assessed value is based primarily on the property's market characteristics. The extremely small size (502 sq ft), age, and lack of renovations place its value far below area averages.
2. What would the annual property taxes be?
While an exact figure requires the current mill rate, taxes would be among the lowest in the city due to the $13,700 assessed value. Prospective buyers should confirm with the city for a precise calculation.
3. Is this a tear-down property?
While the existing home is very small and unrenovated, that is a possibility a buyer could explore. However, its "around average" ranking for year built on its street suggests other homes of similar age remain in use. Its future use would depend on buyer intentions, zoning, and renovation budget.
4. How accurate are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it via email. The service provides the precise figure manually at no cost and without marketing spam.
5. What does the ranking (e.g., Top 100%) actually mean?
A "Top 100%" rank means the property is at the very bottom of the comparison group. For example, for living area, it ranks 347th out of 347 homes on its street, indicating it is the smallest. The coloured bars and badges visually show how it performs against peers.
