39.5
Below average
Property score
39.5
Below average
Overall 39.5
Smaller and older than most nearby homes
584 sqft (bottom 1%)
Built in 1912 (36 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, 2 schools, 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
39% smaller than neighborhood avg.
Year Built
Below average
36 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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39.5 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
378 Queen Street — 23 amenities found within 500 m, across 7 categories, including 6 dining (nearest 328 m), 2 education (nearest 355 m), 2 healthcare (nearest 411 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 | Bottom 39% | Bottom 33% | Bottom 13% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 11% | Bottom 4% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 4% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 378 Queen Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1912, presenting a unique proposition in Winnipeg’s King Edward neighbourhood. Its primary characteristic is its modest 584 sqft living area, which is notably smaller than most homes locally and citywide. However, this is balanced by a surprisingly generous land area of 5,867 sqft, placing it in the top 5% of lots in King Edward. The home has a basement but it is not renovated, and there is no garage or pool.
The appeal lies in its potential and land value. The very low assessed value reflects the home’s age, size, and condition, positioning it as an entry-point opportunity. The true standout feature is the large lot, which offers significant future potential for expansion, garden space, or redevelopment, subject to zoning. This property would suit a pragmatic first-time buyer, an investor looking for a land-value play, or a hands-on individual willing to live in a character home while planning gradual updates or a future build. It’s less suited for those seeking move-in-ready space or modern amenities without a renovation project.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the current state of the property. The combination of a very small, aged home in original condition and a neighbourhood with comparatively lower average values results in this assessment. The value is primarily in the land.
2. What does the "Elite" ranking for Land Area mean?
It means this property’s lot size is larger than approximately 95% of other properties in the King Edward neighbourhood. This is its most competitive and distinguishing asset.
3. Is this a "tear-down" property?
Not necessarily. While the existing home is small and dated, it is habitable. The large lot provides options: living in and gradually improving the existing structure, adding an addition, or eventually redeveloping the site. The choice depends on the buyer’s goals, budget, and local regulations.
4. How reliable are the past sold price ranges shown?
The ranges are derived from public data. For precise historical sale figures, you must request the exact data via email from the source. The ranges indicate a trend of increasing value over the past decade.
5. What are the main considerations for living in a home this size?
Efficient use of space is essential. The layout of a 584 sqft home and the functionality of the unrenovated basement will be key factors. Buyers should consider their storage needs and whether the floorplan suits their lifestyle. The large outdoor space can effectively extend the living area in warmer months.
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