Property score
37.6
Below average
Overall 37.6 · Smaller and older than most nearby homes
520 sqft (bottom 1%) · 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: 2 dining spots, 1 school, 1 healthcare facility, and 7 parks nearby
Living Area
Below average
45% 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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37.6 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: #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
388 Brooklyn Street — 14 amenities found within 500 m, across 6 categories, including 2 dining (nearest 253 m), 1 education (nearest 246 m), 1 healthcare (nearest 308 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 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 388 Brooklyn Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the King Edward neighbourhood. Its defining characteristic is its scale: with just 520 square feet of living space and an assessed value significantly below local and city-wide averages, it stands as one of the most modest and affordable properties in Winnipeg. The home has no basement, garage, or pool.
Its primary appeal lies in its extreme affordability and low carrying costs, particularly for its land value within the city. It represents a rare entry point into homeownership with minimal property tax liability. This property would suit a very specific buyer: an investor looking for a low-cost asset with redevelopment potential, a hands-on individual seeking an ultra-budget-friendly renovation project, or someone interested in minimalist living who values location over square footage. It is not suited for those needing space or move-in-ready conditions.
A less obvious perspective is that a home of this size and value offers a unique freedom. The financial risk is exceptionally low, allowing for creative approaches—whether as a experimental housing project, a studio, or a long-term hold for future land assembly. Its price history suggests it trades more as a parcel of land with a structure, rather than a conventional house.
Frequently Asked Questions
1. What is the actual selling price?
The most recent recorded sale was in May 2017, with a public price range of $7,500 to $10,500. For the exact historical sold price, you can request the information directly via email from the listing source.
2. Is this a "tear-down" property?
Given its age, size, and assessed value being heavily weighted toward the land, it is a prime candidate for redevelopment or replacement. However, its heritage (being built in 1912) should be checked for any potential character or regulatory considerations before making plans.
3. Who would finance a purchase like this?
Traditional mortgage financing can be challenging for properties at this price point. Buyers should be prepared to explore alternative financing methods, such as private loans or cash purchases.
4. What are the ongoing costs?
The annual property taxes will be very low due to the minimal assessed value. Insurance and utility costs may also be lower than average due to the home's small size, though the age of the structure should be factored into maintenance planning.
5. Why is the city-wide average assessed value comparison so high ($390k)?
The city-wide average includes all types of homes. This property is in the bottom 2% of all Winnipeg properties for assessed value, highlighting its unique position as an outlier in terms of affordability and scale, not a typical family home.
