71.1
Good
Property score
71.1
Good
Overall 71.1
Larger and newer than most nearby homes
1,388 sqft (top 6%)
Built in 2024 (76 yrs newer than avg)
Located in a high-income area
with median household income of ~90k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 1 shop, 9 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
Above average
46% larger than neighborhood avg.
Year Built
Above average
76 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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71.1 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
376 Amherst Street — 13 amenities found within 500 m, across 4 categories, including 2 dining (nearest 383 m), 1 shopping (nearest 318 m), 9 parks (nearest 200 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 3% | Top 2% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 376 Amherst Street is a modern, low-maintenance property in Winnipeg's King Edward neighbourhood. Built in 2024, it offers a move-in-ready experience with a renovated basement. The home’s primary appeal lies in its combination of new construction, above-average interior space, and a surprisingly low property tax assessment. At 1,388 sqft of living area, it ranks in the top tier for size both on its street and within the neighbourhood. The standout characteristic is its assessed value of $47,200, which places it in the elite top 2% for the area, suggesting significantly lower annual property taxes than one might expect for a home of this age and condition. The trade-off is a smaller land footprint (2,348 sqft), which means minimal yard upkeep.
This property is ideally suited for first-time homebuyers, downsizers, or investors seeking a modern, efficient home without the burden of a large yard. It appeals to those who prioritize interior space, new building systems, and predictable monthly costs over outdoor space or extensive gardening. A thoughtful perspective is that this home represents a form of "efficiency" – delivering modern comforts and space in a compact package, with the financial benefit of a low tax assessment locked in for a new build.
Frequently Asked Questions
What does the low assessed value mean for me?
The assessed value of $47,200 is used to calculate your annual property taxes. This figure is exceptionally low for a new home, indicating your tax bill will be substantially lower than on a comparable home with a standard assessment, providing long-term savings.
Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot requires minimal maintenance, which is a plus for those seeking a lock-and-leave property or who dislike yard work. However, it offers limited private outdoor space and no possibility for additions like a large garage.
How does the living space compare to other homes?
At 1,388 sqft, the living area is notably larger than most homes on Amherst Street (top 5%) and in the wider King Edward neighbourhood (top 6%). It provides ample room for a small family or couple relative to the local market.
The home sold recently in 2024. Why is it back on the market?
While the specific reason isn't provided, the recent sale of a brand-new home could be due to a change in the original owner's circumstances, an investor flipping the property, or a builder's initial sale. The nearly new condition remains a key advantage.
What are the implications of having no garage?
Parking will be limited to on-street or a potential driveway, if space allows. This is a common feature in the area but means vehicles are exposed to the elements and you’ll need to consider storage solutions for tools or seasonal items typically kept in a garage.
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