51.9
Fair
Property score
51.9
Fair
Overall 51.9
Compared with neighbourhood average
888 sqft (bottom 45%)
Built in 1953 (5 yrs newer than avg)
Located in a high-income area
with median household income of ~90k
Transit 74.0
2-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
Near average
7% smaller than neighborhood avg.
Year Built
Near average
5 yrs newer than neighborhood avg.
Mother tongue
English · 81%Tagalog · 8%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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51.9 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: #46110253
$90K
Median household income
$93K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
29%
Single-person households
22%
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 Rutland Street — 12 amenities found within 500 m, across 4 categories, including 2 dining (nearest 224 m), 1 shopping (nearest 159 m), 8 parks (nearest 185 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 41% | Top 42% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1953 one-storey home at 359 Rutland Street in Winnipeg's King Edward neighbourhood presents a practical and straightforward opportunity. With 888 square feet of living space and a recently renovated basement, it sits on a 3,775 sqft lot. Its assessed value of $260k positions it as an affordable entry point within the city, particularly for the area. Recent sales data indicates activity in the mid-$200k range. The home lacks a garage or pool, emphasizing its value as a functional, no-frills property.
Key Characteristics & Appeal
The primary appeal of this property is its value and manageability. It is not the largest or newest home, but its metrics are consistently average or better for its immediate street and neighbourhood, suggesting it fits well within the local context. For its price, you get a solid lot size and a home that is newer than many on the block. The renovated basement adds functional living space, a significant plus.
This home would suit first-time buyers seeking an affordable foothold in Winnipeg, or downsizers looking for a single-level living option without a large yard to maintain. Its appeal is grounded in practicality rather than luxury—it’s a home for someone comfortable with a classic, modest layout who values financial accessibility and a stable, established community over modern amenities or high-end finishes. A less obvious perspective is that a home ranking "around average" in its immediate area can represent a lower-risk purchase, as it is less likely to be over- or under-valued compared to its direct peers.
Frequently Asked Questions
1. How does this home's value compare to others in Winnipeg?
City-wide, this home's assessed value and living area are below the Winnipeg average, which is typically skewed by newer, larger suburban homes. This highlights its position as a more affordable, central option.
2. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. Buyers should inquire about the permits, quality of finish, and whether it includes a separate entrance or legal suite potential.
3. Is there potential to add a garage later?
With a lot size that is above average for the street, there may be space to add a garage or parking structure, subject to local zoning bylaws and setback requirements.
4. What is the typical property tax for an assessment of $260k?
Property tax can be estimated by applying the current City of Winnipeg mill rate to the assessed value. Your real estate agent or the city's website can provide the exact calculation.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available by request from the listing source. You can provide your email to receive the precise figure, as this data is not always disclosed in public records.
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