403 Queen Street

King Edward, Winnipeg

Property score

55.0

Fair

Overall 55.0 · Newer than most nearby homes

872 sqft (bottom 43%) · Built in 2013 (65 yrs newer than avg)

Located in a above-average income area with median household income of ~74.5k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 6 dining spots, 2 schools, 1 healthcare facility, and 3 shops nearby

Living Area

Near average

8% smaller than neighborhood avg.

Year Built

Above average

65 yrs newer than neighborhood avg.

Mother tongue

English · 69%Tagalog · 13%

Past 10 years King Edward sales snapshot (~80% of all data)

Sold Count

1,128

Median price

356.6k

$/sqft

$349/sqft

Avg build year

1948

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

55.0 is composed by the two sections below.

Property Score

48.5Low
Living Area872 sqft32Low
Year Built201394Excellent
Lot Size3,822 sqft46Low
Neighbourhood Sales Activity71Good

Community Score

64.8Fair
Household Income74Good
Education Level34Low
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110246

Community deep dive

$75K

Median household income

$85K

Average household income

13%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

28%

Single-person households

21%

Families with children

Population, labour & age

Population (2021)590
Labour force participation rate68%
Median age34.0
Avg household size2.6
Unemployment rate13%
Population density2681 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households28%
Couple families with children21%
Median household income (2020)$75K

Housing

Renter households24%
Condominium dwellings0%
Median dwelling value (owners)$250K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority35%
Bachelor's or higher (25–64)16%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Tagalog · 12%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
872 sqft
0255075100
Same streetBottom 40%Same areaBottom 43%CitywideBottom 14%
Same street · Queen Street
#102 / 170
Bottom 40% · Avg 976 sqft
Same area · King Edward
#1,369 / 2,385
Bottom 43% · Avg 952 sqft
Citywide · Winnipeg
#167,021 / 194,458
Bottom 14% · Avg 1,342 sqft

Tax-Assessed Value

above average
305k
0255075100
Same streetTop 28%Same areaTop 22%CitywideBottom 31%
Same street · Queen Street
#47 / 170
Top 28% · Avg 255k
Same area · King Edward
#535 / 2,385
Top 22% · Avg 258.2k
Citywide · Winnipeg
#134,804 / 194,458
Bottom 31% · Avg 390.1k

Year Built

above average
2013
0255075100
Same streetTop 8%Same areaTop 11%CitywideTop 9%

Lot Size

around average
3,822 sqft
0255075100
Same streetBottom 15%Same areaTop 45%CitywideBottom 23%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

403 Queen Street — 24 amenities found within 500 m, across 7 categories, including 6 dining (nearest 356 m), 2 education (nearest 365 m), 1 healthcare (nearest 466 m).

Search radius
🍽️Dining6
🏫Education2
🏥Healthcare1
🛒Shopping3
🌳Parks7
🏦Finance1
Fuel Stations4

Crime & Safety

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%

Sales History

Sold 2/2021CA$250k–300k
Sold price

Same street

Top 30%

Same area

Top 27%

City-wide

Bottom 37%

Related homes

Highlights & common questions: 403 Queen Street, Winnipeg

Property Overview: 403 Queen Street, Winnipeg

Key Characteristics & Appeal

This bi-level home at 403 Queen Street in Winnipeg's King Edward neighborhood presents a practical and modern living opportunity. Built in 2013, it is a notably newer construction compared to most homes on its street and across the city, suggesting lower immediate maintenance and updated building systems. The home features 872 sqft of living space and a renovated basement, offering efficient use of its compact layout.

Its primary appeal lies in its balance of modernity and value. The assessed value is strong for its immediate area, ranking above average in King Edward. This indicates a solid investment within a well-established neighborhood. The property sits on a 3,822 sqft lot, which is manageable in size—ideal for those seeking minimal yard upkeep without forgoing private outdoor space.

This property would best suit first-time homebuyers, downsizers, or pragmatic investors looking for a modern, low-maintenance home in a central Winnipeg community. It’s for those who prioritize a newer build and a renovated basement over expansive square footage, and who appreciate a home that stands out in age and condition among its older neighbors.


Frequently Asked Questions

1. How does the home’s size compare to others?
At 872 sqft, the living area is close to the average for both Queen Street and the broader King Edward neighborhood. It is, however, notably smaller than the citywide average, making it a more compact, efficient home.

2. Is the assessed value high for the area?
Yes. The assessed value ranks in the top 22% for the King Edward area, meaning it is assessed higher than most comparable homes nearby. This often reflects the property’s newer construction and renovated condition.

3. What are the implications of the newer build year?
Built in 2013, the home is significantly newer than the typical area home (average build year ~1945-1948). This typically translates to newer major components like roofing, wiring, and plumbing, potentially reducing near-term repair costs.

4. How does the lot size affect the property?
The lot is below average for Queen Street but around average for King Edward. It provides a decent yard while requiring less maintenance than a larger plot, a trade-off that suits those wanting outdoor space without extensive upkeep.

5. What is not included in this summary?
This overview does not include the exact historical sale price, interior photos, or a detailed condition report. For the precise sold price history, you must request that information directly via the provided email service.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.