41.0
Below average
Property score
41.0
Below average
Overall 41.0
Smaller and older than most nearby homes
694 sqft (bottom 12%)
Built in 1912 (36 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
Below average
27% smaller than neighborhood avg.
Year Built
Below average
36 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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41.0 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
374 King Edward Street — 21 amenities found within 500 m, across 7 categories, including 5 dining (nearest 269 m), 1 education (nearest 317 m), 2 healthcare (nearest 320 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 374 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 28% | Bottom 25% | Bottom 9% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 11% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This one-storey home at 374 King Edward Street is a compact, historic property built in 1912. With 694 square feet of living space and an unrenovated basement, it sits on a modest 2,699 sqft lot. The home has no garage or pool. Its most defining feature is its exceptionally low assessed value of $16,200, placing it well below average for the street, neighborhood, and city. Recent sale prices have been correspondingly low, ranging between $13,500 and $20,500 in the last few years.
This property’s primary appeal lies in its ultra-low financial barrier to entry. It represents one of the most affordable homeownership opportunities in Winnipeg, with property taxes that are a fraction of the city average. Its compact size and straightforward layout could suit a minimalist, a first-time buyer seeking a true "starter" home with minimal debt, or an investor looking for a low-cost rental property. The lot, while smaller than most in the area, offers outdoor space without the burden of extensive maintenance.
A less obvious perspective is its potential as a strategic hold in a transitioning neighborhood. For a buyer with renovation skills or a long-term view, the low initial investment allows for gradual improvements. It’s important to note, however, that the home ranks below average in nearly every metric—size, value, and land area—for its immediate vicinity, indicating it is a notably modest property even within its own community.
Ideal for: Budget-conscious first-time buyers, investors seeking a low-cost asset, or individuals comfortable with a small, vintage home requiring updates.
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's relatively small size, age, and condition compared to the broader market. It is characteristic of a very modest, entry-level property.
2. What should I budget for renovations?
Given the age of the home (1912) and the note of an unrenovated basement, a thorough inspection is essential. Budgets should prioritize foundational, electrical, and plumbing systems, with cosmetic updates being a secondary consideration.
3. Is the low sale price a red flag for the area?
Not necessarily. The sale prices are consistent with the home's assessed value and characteristics. It indicates the specific property is a market outlier in terms of affordability, not that the entire area is declining.
4. Who is responsible for requesting the exact sold price history?
Interested buyers must proactively email the listing service to receive the exact sale figures, as only ranges are published online. The service promises a reply by the end of the same day.
5. How does the small lot size impact its use?
The 2,699 sqft lot is smaller than most in King Edward, limiting potential for large additions or extensive landscaping. It is sufficient for a small garden or patio but offers less privacy and expansion potential than a standard lot.
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