48.2
Below average
Property score
48.2
Below average
Overall 48.2
Smaller than most nearby homes
700 sqft (bottom 13%)
Built in 1948
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, 6 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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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48.2 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
395 Rutland Street — 10 amenities found within 500 m, across 4 categories, including 2 dining (nearest 303 m), 1 shopping (nearest 265 m), 6 parks (nearest 280 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 15% | Bottom 18% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 395 Rutland Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, situated on a notably larger-than-average lot for its immediate area. With 700 sqft of living space, the house itself is modest and below average in size for Winnipeg, but it sits on a 4,028 sqft property, offering valuable outdoor space that is a premium in the neighbourhood. The assessed value of $210k is around the average for King Edward and Rutland Street, presenting a relatively accessible entry point into the market.
The primary appeal lies in its land value and potential. The generous lot size for the area provides room for gardening, expansion, or future redevelopment, which is a significant advantage not always found in established neighbourhoods. It suits first-time buyers or practical investors looking for a lower-maintenance, single-level footprint without sacrificing yard space. It’s a property where the value is grounded more in the land and location than in the current structure, appealing to those who see long-term potential or who prioritize outdoor privacy over expansive indoor living areas.
Frequently Asked Questions
1. Is this a "tear-down" or renovation project?
Given the home's smaller size and age, some buyers may consider eventual replacement. However, its assessed value being in line with the street suggests it is currently functional as a home. The decision would depend on a buyer's budget and vision for utilizing the large lot.
2. How does the lot size compare to nearby properties?
The land area of 4,028 sqft ranks in the top 28% on Rutland Street, meaning it is significantly larger than many of its direct neighbours, whose lots average about 3,297 sqft.
3. What is the neighbourhood like?
It's located in King Edward, a central Winnipeg neighbourhood. The property metrics show it is typical for the area in terms of assessed value and year built, indicating a stable, established community of primarily mid-century homes.
4. Why was the last sold price so low?
The recorded sale in 2017 was between $15.5k and $18.5k, which is dramatically lower than the current assessed value. This typically indicates a prior sale that was not an arms-length market transaction (such as between family members) and should not be used as a benchmark for current market value.
5. What are the main compromises?
Buyers should be prepared for a home with below-average living space (700 sqft) and the maintenance considerations that come with a 78-year-old house. The appeal is balanced between the benefits of the lot and the compromises of the existing structure.
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