40.4
Below average
Property score
40.4
Below average
Overall 40.4
Smaller and older than most nearby homes
700 sqft (bottom 13%)
Built in 1912 (36 yrs older than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
36 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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40.4 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
415 King Edward Street — 21 amenities found within 500 m, across 6 categories, including 4 dining (nearest 415 m), 2 education (nearest 255 m), 1 healthcare (nearest 470 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 415 King Edward Street.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 15% | Bottom 11% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 415 King Edward Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1912, offering a classic Winnipeg character. Its key features include a renovated basement and a detached garage. With a living space of 700 sqft, it is notably smaller than most homes in the city, ranking in the top 96% for compactness (meaning only 4% of city homes are smaller). The assessed value is modest at $18,800, placing it well below city averages. The lot size of 2,897 sqft is fairly typical for its immediate street and neighborhood.
The primary appeal lies in its affordability and efficiency. It represents a very low entry point into homeownership, particularly for the King Edward area. The renovated basement adds functional living space, which is a significant asset in a smaller home. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance lifestyle without a large mortgage. A thoughtful perspective is that a home of this size and age on a standard lot offers potential for future expansion or redevelopment, presenting a long-term value play beyond its current assessed state.
Frequently Asked Questions
1. Is the house in good condition given its age?
The listing notes a renovated basement, which suggests some updates. However, as a home built in 1912, a thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's compact size (700 sqft), its age, and its market position as a modest, entry-level home. It is assessed in line with similar, smaller properties in the area.
3. What are the possibilities for adding space or renovating?
The lot size is standard for the area, providing potential for additions or a future rebuild, subject to local zoning bylaws. The existing renovated basement already adds usable space to the footprint.
4. How accurate are the sold price ranges shown?
The provided sold price history from 2016 is a range based on public data. For the exact historical sale price, you must request it directly via the email service described on the page.
5. Who would this property not suit?
It would likely not suit a growing family needing multiple bedrooms or someone desiring ample indoor living space, as it is significantly smaller than the typical Winnipeg home. Those preferring modern builds or unwilling to manage the upkeep of a century-old home may also want to consider other options.
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