43.5
Below average
Property score
43.5
Below average
Overall 43.5
Smaller than most nearby homes
790 sqft (bottom 28%)
Built in 1918 (30 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: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Near average
30 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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43.5 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: #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
395 Marjorie Street — 14 amenities found within 500 m, across 6 categories, including 3 dining (nearest 237 m), 1 education (nearest 245 m), 1 healthcare (nearest 277 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%
Local garbage, recycling, and yard waste pickup schedule for 395 Marjorie Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 12% | Bottom 17% | Bottom 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 4% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 395 Marjorie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918 on a standard city lot in the King Edward neighbourhood. Its key characteristic is its affordability, reflected in a well-below-average assessed value compared to the wider city. With 790 square feet of living space, it is smaller than most homes in Winnipeg, positioning it as a true starter home or a minimalist living opportunity.
The appeal lies in its potential as an entry point into homeownership, with very low property taxes due to its low assessment. It would suit a first-time buyer comfortable with a renovation project, an investor looking for a rental property with a low cost basis, or someone seeking a modest, low-maintenance footprint. A less obvious perspective is its location on a street of similar vintage homes, offering a sense of established community often absent in newer, more sprawling subdivisions. The data suggests that while the home itself is modest, the lot size is fairly typical for the immediate area, preserving future options for expansion or landscaping.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based primarily on the home's small size, age, and market conditions for similar properties in its area. It is in line with values on its own street and in the King Edward neighbourhood, but is significantly below the Winnipeg average, which includes many larger, newer homes.
2. What should I expect regarding renovations or updates?
Built in 1918, this home likely requires updates to mechanical systems, insulation, and interior finishes. Buyers should budget for modernizing essentials and consider a thorough inspection to understand the condition of the original structure.
3. Is the low square footage a major drawback?
It depends on your needs. The living space is efficient and may be sufficient for a single person, a couple, or someone looking to downsize. It encourages a simpler lifestyle but would feel cramped for a growing family or anyone needing dedicated home office space.
4. How does the sold price history help determine current value?
The historical sold prices (from 2017 and 2018) show the home has transacted at values consistent with its low assessment. This trend indicates a stable, low-value property profile over time, but the current market value will be influenced by present-day market conditions and any changes made to the home since the last sale.
5. What are the realistic uses for this property?
Its primary use is as an affordable primary residence. Given its size and assessed value, it could also serve as a long-term rental property with a relatively low mortgage overhead. The standard lot provides the option to eventually expand the home, subject to local zoning regulations.
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