Property score
46.3
Below average
Overall 46.3 · Smaller than most nearby homes
676 sqft (bottom 9%) · Built in 1946 (2 yrs older than avg)
Located in a high-income area with median household income of ~90k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 1 shop, 9 parks, and 1 place of worship nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
2 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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46.3 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
389 Amherst Street — 13 amenities found within 500 m, across 4 categories, including 2 dining (nearest 350 m), 1 shopping (nearest 292 m), 9 parks (nearest 221 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 26% | Bottom 41% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 389 Amherst Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Amherst Street presents a specific and compelling value proposition. Its key characteristic is the balance between a modest, renovated living space and a significantly larger-than-average lot. At 676 sqft, the house itself is compact, ranking below average for size both on its street and in the wider King Edward neighbourhood. However, it sits on a 4,701 sqft lot, which is notably larger than most properties nearby, placing it in the top 8% for land area on its street.
The appeal lies in this unique structure-to-land ratio. It suits a buyer looking for an affordable entry into the market with immediate indoor-outdoor potential. The renovated basement adds functional living space, and the detached garage offers utility or storage. It would be ideal for a first-time homeowner comfortable with a cozy interior who values private outdoor space for gardening, recreation, or future expansion. It also appeals to an investor or builder who sees the underlying value in the substantial lot within an established neighbourhood. The assessed value is consistent with area averages, suggesting a stable, grounded valuation rather than a premium price.
Frequently Asked Questions
1. Is the house too small for practical living?
While the living area is compact, the renovated basement effectively doubles the usable space. The layout efficiency and the significant outdoor area help offset the smaller main-floor square footage, making it functional for a small household.
2. What does the lot size actually allow for?
The nearly 4,700 sqft lot is a standout feature. It provides ample yard space, far beyond what’s typical for the area, allowing for gardening, outdoor living, and significant privacy. It also presents a long-term opportunity, as the lot could potentially accommodate additions or redevelopment, subject to zoning.
3. How does the age of the home (built 1946) affect it?
The home is older than many on its street, which can mean character but also requires due diligence. A renovated basement is a positive update, but a thorough inspection for foundational, electrical, and plumbing systems common to era is essential.
4. The last sold price range shows $20.5k-$23.5k in 2020, but the assessed value is now $27.4k. Why the difference?
The sold price is historical data, while the assessed value is the city’s current valuation for tax purposes, which can differ from market value. The increase suggests the property’s assessed worth has risen, but the actual market price is determined by current buyer demand and condition.
5. Who are the most likely buyers for this property?
This property best suits pragmatic first-time buyers prioritizing land over square footage, downsizers seeking a manageable home with a large garden, or value-oriented investors attracted by the lot’s potential in a central neighbourhood. It’s less suited for those needing substantial interior space without renovation plans.
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