39.2
Below average
Property score
39.2
Below average
Overall 39.2
Smaller and older than most nearby homes
574 sqft (bottom 1%)
Built in 1914 (34 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, 5 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
40% smaller than neighborhood avg.
Year Built
Below average
34 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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39.2 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
398 Inglewood Street — 9 amenities found within 500 m, across 4 categories, including 2 dining (nearest 301 m), 1 shopping (nearest 277 m), 5 parks (nearest 306 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 10% | Bottom 10% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 398 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, century-old (1914) one-storey home in Winnipeg's King Edward neighborhood. Its key characteristic is its extremely compact size, with a living area of just 574 sq ft, placing it among the smallest homes on its street, in the area, and citywide. The lot, while below average for the city, is a reasonable 2,517 sq ft for the locale. The home has a basement (not renovated) and no garage. Its assessed value is notably low, reflecting its scale and vintage.
The appeal lies primarily in its position as one of the most accessible entry points into home ownership in the city. It suits a very specific buyer: a minimalist, an investor looking for a straightforward rental property, or someone seeking a small footprint with land potential. A less obvious perspective is its potential as a "blank slate" project. While not a fixer-upper in the traditional sense, its low price and basic structure could allow a creative buyer to explore a custom renovation or expansion over time, treating the existing structure more as a foundation than a finished home. It is not suited for those needing space, modern finishes, or immediate move-in convenience without planned work.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based heavily on the home's very small square footage and its age. It is priced as a basic, compact dwelling, not compared to larger, modern family homes.
2. What does "basement, not renovated" typically mean for a home of this age?
It likely indicates a traditional, unfinished cellar space used for utilities and storage. Buyers should anticipate a functional but raw space that may have low ceilings, concrete walls, and basic flooring.
3. Who would this property be most practical for?
It would be most practical for a single occupant, a couple comfortable with close quarters, or an investor. Its size and price make it a candidate for a long-term hold as a rental or a low-cost personal project.
4. How does the lot size impact future potential?
The lot, while not large, is proportionate to the neighborhood. It provides essential outdoor space and, critically, offers the possibility for an addition or a garden suite in the future, subject to zoning and permit approvals. This is a key factor in its long-term value.
5. The last recorded sale was in 2016 for a very low price. What should I consider?
This history confirms the property's long-standing position as a low-cost option. It emphasizes that its value is in the land and the structure's potential, not in recent upgrades or market appreciation. Any offer should be based on a current inspection and today's market conditions for similar niche properties.
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