Property score
40.8
Below average
Overall 40.8 · Smaller than most nearby homes
588 sqft (bottom 2%) · Built in 1918 (30 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
38% smaller than neighborhood avg.
Year Built
Near average
30 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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40.8 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
387 Collegiate Street — 11 amenities found within 500 m, across 6 categories, including 3 dining (nearest 161 m), 1 education (nearest 472 m), 1 healthcare (nearest 392 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 34% | Bottom 27% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 387 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a standard-sized lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 588 sqft that places it among the smaller homes in the city. The basement exists but is unrenovated, and the property does not include a garage or pool.
The appeal lies in its simplicity and affordability. With an assessed value significantly below the city average, it represents a very accessible entry point into homeownership. The lot size is consistent with the local area, offering outdoor space without excessive maintenance. This property would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. Its age suggests classic construction but also implies that updates may be needed. A thoughtful perspective is that its smaller size and lower taxes could align well with a lifestyle prioritizing financial flexibility and efficiency over space.
Section 2: Frequently Asked Questions
1. How does the home's size compare practically?
At 588 sqft, the living area is notably compact—smaller than most one-bedroom apartments. Efficient layout and design would be crucial for comfortable living.
2. What does the "unrenovated basement" typically mean?
This usually indicates a basement in its original or utility state, likely suitable for storage and housing mechanical systems but not finished as living space. It may present future potential but would require investment.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (21.6k) is for municipal tax purposes. The actual market price is influenced by current conditions and is typically much higher, as hinted by the provided city-wide average home value and past sold price ranges for this property.
4. What are the implications of a 1918 build date?
You benefit from character and potentially sturdy materials, but should budget for age-related maintenance. Systems like wiring or plumbing may need evaluation to meet modern standards.
5. How does not having a garage affect daily life in this area?
Street parking would be the norm. It’s important to check local parking regulations and consider winter weather implications for vehicle access and warming up.
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