Property score
51.8
Fair
Overall 51.8 · Compared with neighbourhood average
944 sqft (top 41%) · Built in 1918 (30 yrs older 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: 4 dining spots, 2 schools, 1 healthcare facility, and 3 shops nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 69%Tagalog · 13%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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51.8 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: #46110246
$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
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 Queen Street — 22 amenities found within 500 m, across 7 categories, including 4 dining (nearest 409 m), 2 education (nearest 301 m), 1 healthcare (nearest 489 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 23% | Top 22% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 406 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a practical opportunity, particularly for a specific type of buyer. Built in 1918, its 944 sqft of living space is modest but in line with the neighborhood average. A key feature is the renovated basement, adding functional space. The standout characteristic is the land: at 5,517 sqft, the lot size is significantly above average for the King Edward area, offering rare outdoor space and potential.
The appeal lies in its balance of a central location, a generous lot, and updated essentials within a manageable footprint. It suits a first-time homebuyer, a downsizer, or an investor looking for a character home with a solid lot size in an established neighborhood. It’s not a large or modern home, but it offers a grounded entry point into the market. A thoughtful perspective is that while the home's size is average for its immediate street and area, its lot is a relative luxury locally, providing a private outdoor oasis not commonly found on the block. The recent sale in mid-2024 also suggests a refreshed and move-in-ready condition.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 944 sqft, the living area is very typical for homes on Queen Street and in the wider King Edward neighborhood. It is, however, notably smaller than the Winnipeg city-wide average for homes.
2. What is significant about the property’s lot?
The 5,517 sqft lot is a major asset. It ranks in the top 8% for size within the King Edward area, meaning it offers substantially more yard space than most nearby properties.
3. Is the home older than most?
Yes. Built in 1918, it is older than the typical Winnipeg home. However, within its own King Edward neighborhood, its age is quite average, reflecting the area's established character.
4. What does the assessed value indicate?
The assessed value of $28,100 is around the average for both Queen Street and the King Edward area. This suggests the property is valued in line with its local market context.
5. The home sold recently. What does that mean for a buyer?
The property sold in July 2024. This typically indicates it is likely in move-in condition with any major issues addressed prior to that sale, providing a level of confidence in its immediate livability.
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