46.3
Below average
Property score
46.3
Below average
Overall 46.3
Smaller than most nearby homes
676 sqft (bottom 9%)
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, 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
29% 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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46.3 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
406 Amherst Street — 10 amenities found within 500 m, across 4 categories, including 2 dining (nearest 464 m), 1 shopping (nearest 416 m), 6 parks (nearest 165 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 | Top 32% | Top 19% | Bottom 45% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 35% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 406 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 living space. At 676 sqft, the house itself is compact, ranking below average for size both on its street and city-wide. This is balanced by a land area of nearly 4,700 sqft, which is notably larger than many neighbouring and city lots, offering valuable outdoor space or future potential.
The home suits buyers prioritizing lot size over square footage, such as first-time homeowners comfortable with a cozy layout, downsizers seeking manageable indoor maintenance with room for gardens, or investors looking for a character property with a renovated basement suite potential (subject to verification). Its assessed value is consistent with the immediate area, suggesting a fair market entry point. A thoughtful perspective is that while the living area is small, its 1946 build date is actually newer than many on the block, potentially meaning fewer vintage upkeep issues than older peers. The recent 2023 sale also indicates a modern transaction history.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal, rentable secondary suite. Buyers must verify this with the city and ensure all renovations have proper permits.
2. How does the small living area impact daily life?
At 676 sqft, the layout will be compact. This emphasizes efficient use of space and likely means fewer rooms. It may not suit those needing dedicated home offices or large family gatherings indoors, but the large lot can extend living space outdoors in warmer months.
3. What does the "above-average" lot size practically offer?
The nearly 4,700 sqft lot provides significant yard space uncommon for homes of this price and area. This allows for gardening, recreation, storage, or future expansion like a shed, deck, or even an addition, subject to zoning.
4. Are there any concerns with an 80-year-old home?
While built in 1946, the home's major systems (roof, wiring, plumbing, foundation) should be carefully inspected. The renovated basement is a plus, but an inspection is crucial to understand the condition of the original structure and updates.
5. Why is the city-wide assessed value comparison so different?
The home's assessed value (~$27k) is around average for its street and neighbourhood, but appears far below the city-wide average because that average includes all property types, like much newer and larger suburban homes. For its specific context in King Edward, the assessment is typical.
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