Property score
38.6
Below average
Overall 38.6 · Smaller and older than most nearby homes
515 sqft (bottom 1%) · Built in 1912 (36 yrs older than avg)
Located in a above-average income area with median household income of ~81k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
46% smaller than neighborhood avg.
Year Built
Below average
36 yrs older than neighborhood avg.
Mother tongue
English · 64%Tagalog · 14%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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38.6 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: #46110240
$81K
Median household income
$90K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
23%
Single-person households
27%
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
379 Collegiate Street — 10 amenities found within 500 m, across 6 categories, including 3 dining (nearest 132 m), 1 education (nearest 490 m), 1 healthcare (nearest 379 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 8% | Bottom 10% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, one-storey home built in 1912 on a standard city lot in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest 515 sqft living area, which is notably smaller than most homes in the area and citywide. The property includes a detached garage and an unrenovated basement. Its assessed value is significantly lower than both local and city averages, reflecting its size and condition.
The primary appeal lies in its position as a true entry-point into homeownership, with very low property taxes due to its assessment. It suits a specific buyer: someone seeking the absolute minimum footprint and upfront cost, such as a first-time buyer on a tight budget, an investor looking for a basic rental property, or someone interested in the land value with plans for future expansion or rebuild. Its average-sized lot for the street offers a key advantage over the small house—providing outdoor space and future potential that many similarly priced units do not. The perspective here isn't about finding a move-in-ready dream home, but about securing an affordable asset with options.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessment is based primarily on the home's very small size (515 sqft), its age, and the fact that the basement is unrenovated. It reflects the property's current state as a basic, compact dwelling rather than an average family home.
2. What type of renovation would this home likely need?
Given the age and the note of an unrenovated basement, buyers should budget for essential updates. These typically include mechanical systems (plumbing, electrical, heating), insulation, and addressing any foundational or moisture issues in the basement. The small main-floor footprint means any cosmetic updates would be less costly in scope.
3. Is the price driven by the land value?
In part, yes. While the house itself is modest, the lot is a standard city size for the street. The value proposition combines a liveable, if tiny, existing structure with the underlying land, which holds potential for addition, garden space, or future redevelopment.
4. How do the low taxes work?
Property taxes are calculated based on the assessed value. With an assessment significantly below average, the annual tax bill will be proportionally very low, which is a major ongoing cost advantage for the owner.
5. What should I consider about the neighbourhood?
King Edward is a mature, central neighbourhood. It's wise to research typical amenities, traffic patterns, and the specific character of this block. Comparing recent sales of similar small homes on Collegiate Street and nearby (like the provided examples on Roseberry and Parkview) will give the best sense of local market value.
