50.7
Fair
Property score
50.7
Fair
Overall 50.7
Older than most nearby homes
900 sqft (bottom 48%)
Built in 1913 (35 yrs older than avg)
Located in a above-average income area
with median household income of ~78.5k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 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
Near average
5% smaller than neighborhood avg.
Year Built
Below average
35 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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50.7 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
368 King Edward Street — 21 amenities found within 500 m, across 7 categories, including 5 dining (nearest 253 m), 1 education (nearest 336 m), 2 healthcare (nearest 303 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%
Local garbage, recycling, and yard waste pickup schedule for 368 King Edward Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
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 25% | Bottom 22% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 368 King Edward Street
Key Characteristics & Appeal
This is a compact, one-storey home built in 1913, offering a straightforward living space of approximately 900 square feet. It sits on a modest, city-sized lot and features a detached garage. The home’s assessed value is notably low, reflecting its age and basic condition, including an unrenovated basement.
Its primary appeal lies in affordability and location within Winnipeg’s King Edward neighbourhood. For its immediate area, the house is fairly typical in terms of size and value, but it stands out as a notably low-cost entry point into city homeownership. This isn't a move-in-ready showpiece; its value is as a foundational asset. It would suit a pragmatic first-time buyer comfortable with a project, an investor looking for a low-basis rental property, or someone seeking minimal property taxes and the autonomy that comes with detached ownership, even on a smaller scale.
A less obvious perspective is that a home of this vintage and scale offers manageable operating costs and a simpler renovation canvas compared to larger, more complex houses. Its very modest proportions could also appeal to those seeking a "right-sized" home with less space to maintain.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property’s specific characteristics—its smaller size, older age, and unrenovated state—within its market area. It is priced comparably to similar homes in the King Edward neighbourhood, which generally has lower average values than the city as a whole.
2. What does "unrenovated basement" typically imply?
This usually indicates the basement retains its original or older finishes and systems. Buyers should budget for potential updates to flooring, lighting, and possibly moisture management, and should anticipate a professional inspection to understand its exact condition.
3. How does the lot size affect this property?
At just under 2,700 sq ft, the lot is smaller than most in the area and significantly smaller than the Winnipeg average. This means lower maintenance but also limited space for expansions, large gardens, or extensive outdoor amenities.
4. Is the recent sale price history a reliable indicator of current value?
The provided sold price ranges from 2019 and 2021 show the home has transacted at a consistent, affordable level. However, these figures are pre-pandemic and should be used as a historical benchmark only. Current market conditions, interest rates, and the property's present state will determine its value today.
5. Who would this property not be suitable for?
It would likely not suit buyers looking for a modern, turn-key home, those who need multiple bedrooms or ample living space, or anyone unwilling to take on gradual improvements. The compact living area and older infrastructure require a realistic and hands-on approach.
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