Property score
51.5
Fair
Overall 51.5 · Older than most nearby homes
990 sqft (top 35%) · Built in 1912 (36 yrs older than avg)
Located in a high-income area with median household income of ~90k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 1 shop, 7 parks, and 1 place of worship nearby
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Below average
36 yrs older 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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51.5 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: #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
388 Rutland Street — 11 amenities found within 500 m, across 4 categories, including 2 dining (nearest 324 m), 1 shopping (nearest 273 m), 7 parks (nearest 238 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 14% | Bottom 18% | Bottom 7% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 11% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 388 Rutland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. With 990 square feet of living space, it offers a manageable footprint that is typical for its immediate street and area, though it is notably more compact than the Winnipeg citywide average. The lot size is modest at 2,522 sqft, which translates to lower maintenance while still providing private outdoor space.
The primary appeal lies in its position as an affordable entry point into the market, underscored by a relatively low assessed value. Its recent sale history suggests it has been a lower-cost property for some time. This is a home suited for a specific buyer: first-time purchasers, downsizers, or investors seeking a straightforward, no-frills property. It would appeal to those who value character and location over size and modern finishes, and who are prepared for the upkeep that comes with a century-old home. A less obvious perspective is that its smaller scale and established neighbourhood setting could offer a simpler, more community-oriented lifestyle compared to newer, sprawling suburbs.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly below the citywide average, indicating this is a lower-value property in Winnipeg's market. It is, however, around the average for both Rutland Street and the broader King Edward area, meaning it is typical for this specific location.
2. Is the living space sufficient for a family?
At 990 sqft, the living area is compact. It would likely suit a small family, a couple, or an individual. It's comparable to other homes on the street but is about 350 sqft smaller than the average Winnipeg home, so efficient use of space would be important.
3. What should I consider with a home built in 1912?
The age of the home is a key factor. It is older than most homes on its street and in the city. Prospective buyers should budget for potential updates to systems like wiring and plumbing and be mindful of maintenance consistent with a century-old structure.
4. How does the lot size impact the property?
The land area is below average for the street, area, and city. This means less yard maintenance, but also less private outdoor space. It reflects the denser, established nature of the neighbourhood.
5. The sold price history shows very low sale prices. What does this mean?
The historical sold prices are consistently in a low range, aligning with the low assessed value. This confirms the property's position as an affordable option. It's important to request the exact sold price and have a current market evaluation to understand its present value.
