Property score
48.8
Below average
Overall 48.8 · Smaller than most nearby homes
700 sqft (bottom 13%) · Built in 1946 (2 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
Below average
26% 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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48.8 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
397 Amherst Street — 11 amenities found within 500 m, across 4 categories, including 2 dining (nearest 388 m), 1 shopping (nearest 340 m), 7 parks (nearest 236 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 34% | Bottom 46% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 397 Amherst Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Amherst Street presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in a combination of a generous, above-average lot and a recently renovated basement, set against a modestly sized 700 sqft living area. The data reveals a compelling contrast: while the house itself is smaller than most in the city, its assessed value and land size (4,699 sqft) rank well above average for its immediate street and neighbourhood. This suggests the value is anchored more in the land and potential than in the current footprint. The detached garage adds functional utility.
The property would suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance footprint without sacrificing outdoor space. Its appeal is grounded in fundamentals—a solid lot in an established area, with a modernized basement—rather than luxury finishes. A thoughtful perspective is that this home offers a "blank canvas" quality; its below-average living area for the city might be a limitation for some, but for the right buyer, it represents a chance to build equity through future expansion or to live affordably while holding a valuable piece of land.
Frequently Asked Questions
1. Is the house in good condition?
The listing specifically notes a renovated basement, indicating recent updates in that area. As the home was built in 1946, prospective buyers should budget for a thorough inspection to assess the condition of the main floor systems, roof, and foundation.
2. Why is the assessed value relatively high for a smaller home?
The assessment likely reflects the property’s above-average land size for the neighbourhood and the renovated basement. Value in this case is driven more by the asset (the lot) and modernized components than by total square footage.
3. What is the neighbourhood like?
King Edward is an established, central Winnipeg neighbourhood. The proximity to nearby streets like Rutland Street and the density of similar-era homes suggest a mature, residential community.
4. Can the house be expanded?
Given the significant lot size relative to the home’s footprint, there appears to be physical space for potential additions or expansions, subject to local zoning bylaws and permit approvals.
5. How can I find out the exact historical sale price?
The listed sale range is based on public data. As noted on the detail page, you can request the exact sold price history by emailing the provided service; they manually provide the accurate figure without using your email for unsolicited marketing.
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