49.3
Below average
Property score
49.3
Below average
Overall 49.3
Older than most nearby homes
924 sqft (top 47%)
Built in 1913 (35 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: 6 dining spots, 2 schools, 3 shops, and 7 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Below average
35 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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49.3 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: #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
413 Queen Street — 23 amenities found within 500 m, across 6 categories, including 6 dining (nearest 389 m), 2 education (nearest 332 m), 3 shopping (nearest 304 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%
Local garbage, recycling, and yard waste pickup schedule for 413 Queen Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 48% | Top 50% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 413 Queen Street in Winnipeg's King Edward neighbourhood presents a straightforward, no-frills opportunity. Built in 1913, the 924 sqft house sits on a 3,821 sqft lot and features a basement that has not been renovated. There is no garage or pool. The home's assessed value is notably below average for the city, and its recent sale history indicates it is a lower-priced entry point into the market.
Key Characteristics & Appeal
The primary appeal of this property is its position as an accessible entry into homeownership or a potential investment project. Its assessed value and recent sold price are significantly below city averages, making it one of the more affordable options available. The lot size is generous for the King Edward area, offering valuable outdoor space or future potential in a central location.
The home would suit a practical, hands-on buyer. This includes first-time purchasers comfortable with a property that requires updates, or an investor looking for a rental property with a low initial cost basis. Its classic one-storey layout may also appeal to those seeking single-level living. A less obvious perspective is that its below-average metrics across the board (size, assessed value, year built) for the city actually insulate a buyer from paying a premium for neighbourhood trends, offering a pure value play on the land and location.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 54%") actually mean?
This means the property outperforms that percentage of comparable homes for that specific metric. For example, its living area is larger than 54% of similar homes on Queen Street, but its assessed value is higher than only 25% of homes city-wide (ranked "Top 75%" means it outperforms 75%, so a lower value is actually a higher rank for this metric).
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the city's valuation for tax purposes, heavily influenced by the home's age, condition, size, and lack of recent renovations. It indicates this is an unrenovated character home, not a modernized property.
3. What is the potential here for a buyer?
The potential lies in the combination of a large, central lot and a structure that allows for gradual renovation or eventual redevelopment. The value is in the land and location more than the current building.
4. Are the nearby sold prices for similar houses?
The listed nearby properties (e.g., 411 Queen Street) are for geographic reference only. The "Similar Assessed Value" list shows properties with an identical municipal assessment, which are often condos or apartments, highlighting how uniquely low the assessed value is for a single-family house.
5. How recent is the sale price information?
The home sold in March 2025. The provided price is a range based on public data; the exact sale price can be requested directly from the site, which manually verifies and provides the figure.
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