48.2
Below average
Property score
48.2
Below average
Overall 48.2
Compared with neighbourhood average
800 sqft (bottom 31%)
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
3-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
Below average
16% 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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48.2 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
367 King Edward Street — 21 amenities found within 500 m, across 8 categories, including 6 dining (nearest 285 m), 1 education (nearest 373 m), 2 healthcare (nearest 331 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 50% | Bottom 47% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 367 King Edward Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a notably large lot for its neighbourhood. With 800 sqft of living space and a renovated basement, the house itself is modest and below the citywide average in size. Its assessed value is significantly below average across all comparisons, indicating a very low property tax base.
The primary appeal lies in the substantial 5,794 sqft lot, which ranks in the top 12% on its street and top 6% in the broader King Edward area. This presents a rare opportunity for expansion, gardening, or outdoor space in a central location. The renovated basement adds functional living space. This property would suit a pragmatic, value-focused buyer—such as a first-time homeowner, an investor, or someone looking to build equity through a future renovation or addition. It’s for those who prioritize land potential and low carrying costs over move-in-ready size or finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is primarily for calculating property taxes and is influenced by factors like home size, age, and recent sales in the area. This home’s modest size and older age contribute to its low assessment, which results in lower annual property taxes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the permits, finish quality, ceiling height, and whether it includes a separate entrance or legal suite potential.
3. Given the large lot, what are the possibilities for expansion or building?
The lot size offers clear potential for a significant addition, a garage, or even a new build (subject to lot division rules). Any plans would require due diligence with the City of Winnipeg’s zoning bylaws, heritage considerations (given the home's age), and obtaining the necessary permits.
4. How does the recent sold price compare to the assessed value?
The home sold for between $22.5k and $25.5k in March 2025. This is above its $16.1k assessed value, which is common, as market value and assessed value are calculated differently. The sale price reflects what a buyer recently paid in the open market.
5. What are the considerations of owning a 108-year-old home?
While charm and character are benefits, key considerations include the potential for outdated plumbing, electrical, and insulation. A thorough inspection is essential to understand the condition of the foundation, roof, and structure, and to budget for ongoing maintenance or updates.
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