56.3
Fair
Property score
56.3
Fair
Overall 56.3
Larger but older than most nearby homes
1,222 sqft (top 13%)
Built in 1912 (36 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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
28% larger than neighborhood avg.
Year Built
Below average
36 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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56.3 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
359 King Edward Street — 22 amenities found within 500 m, across 8 categories, including 6 dining (nearest 272 m), 1 education (nearest 395 m), 2 healthcare (nearest 315 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 44% | Top 41% | Bottom 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 46% | Bottom 45% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 359 King Edward Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character property with practical foundations. Its primary appeal lies in its above-average living space for the immediate area—at 1,222 sqft, it ranks in the top 10% of homes on King Edward Street for size—paired with a very modest municipal assessed value. This combination suggests potential value for the square footage relative to the local market. The home features a detached garage and a standard city lot, but the basement is noted as unrenovated.
The property suits a specific buyer: those seeking a character home in a central Winnipeg neighbourhood who are prepared for a project. It is ideal for a handy buyer or investor looking for a footprint with space to personalize, rather than a move-in-ready solution. A thoughtful perspective is that its lower assessed value and recent sold prices, while below the citywide average, indicate a manageable entry point into the neighbourhood. This allows for financial resources to be allocated toward updates that could significantly increase both livability and value, making it a strategic "blank canvas" in a well-established area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
Municipal assessments are based on a mass appraisal system and reflect the home’s value relative to similar properties in its area and condition. This assessment indicates the home is valued significantly lower than the typical Winnipeg home, which is common for older, unrenovated properties in central neighbourhoods.
2. What does "above average" living area mean for this street?
It means that, compared to other homes directly on King Edward Street, this house offers more interior space than 90% of them. While average for the city overall, it provides a size advantage within its specific location.
3. Is the unrenovated basement a major concern?
It depends on your plans. It signals that significant systems (like plumbing, electrical, or foundation) may be original or dated, and finishing the space would require investment. For some buyers, this is a project opportunity; for others, it could mean immediate repair costs.
4. How stable has the home's value been?
Based on the provided sold price ranges, the home has maintained a relatively stable value bracket over recent years, with sales in 2021 and 2022. This suggests a consistent, lower-range market value for the property in its current condition.
5. Who would this property not suit?
It would likely not suit buyers seeking a modern, low-maintenance, or immediately turnkey home. The age of the property (114 years), the unrenovated basement, and the project-ready nature make it better suited for those with renovation plans or tolerance for ongoing maintenance.
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