Property score
49.6
Below average
Overall 49.6 · Older than most nearby homes
930 sqft (top 46%) · Built in 1913 (35 yrs older than avg)
Located in a above-average income area with median household income of ~75k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 schools, 3 shops, and 7 parks nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Below average
35 yrs older than neighborhood avg.
Mother tongue
English · 76%Tagalog · 9%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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49.6 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: #46110238
$75K
Median household income
$87K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
30%
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
428 King Edward Street — 15 amenities found within 500 m, across 6 categories, including 1 dining (nearest 454 m), 2 education (nearest 191 m), 3 shopping (nearest 431 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 | Bottom 46% | Bottom 45% | Bottom 19% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 33% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 428 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, presents a practical opportunity in Winnipeg's King Edward neighbourhood. With 930 square feet of living space and a renovated basement, its interior size is typical for the immediate area. The home sits on a modest, sub-2,650 sqft lot, which is notably smaller than most in the city but common for this older, established streetscape. A detached garage provides off-street parking.
The primary appeal lies in its position as an affordable, no-fuss entry point into the housing market. Its assessed value is significantly below the citywide average, suggesting a lower property tax burden and an accessible price point. This isn't a large or modern home, but its recent sale history indicates steady market activity. It would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a low-maintenance footprint without leaving the city. The renovated basement adds functional living space, a key update for a home of this age. A thoughtful perspective: the very compact lot size, while limiting for expansive gardening or additions, translates to minimal exterior upkeep, a hidden benefit for those prioritizing time and budget.
Section 2: Frequently Asked Questions
1. Is the lot size a significant drawback?
It depends on your lifestyle. While well below the Winnipeg average for land area, it is not uncommon for older central neighbourhoods. It means a smaller yard to maintain but less room for large-scale outdoor projects or expansions.
2. How does the assessed value relate to the likely selling price?
The assessed value (21.10k) is for municipal tax purposes. Recent sold price data for this home (ranging from ~19.5k to ~24.5k in 2021) suggests the market price operates in a similar, low-range bracket, but current conditions will ultimately determine the sale price.
3. What should I consider about a home built in 1913?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, the roof, wiring, and plumbing, which may require updates.
4. Who might this property not suit?
It likely won't suit buyers needing multiple bedrooms, abundant storage, or large-scale modern amenities. Families desiring a large backyard or individuals looking for a move-in-ready home with all contemporary finishes should look carefully at the space and potential update needs.
5. What is the context of the "below average" citywide rankings?
Metrics like living area and lot size rank "below average" compared to the entire city, which includes vast suburbs with newer, larger homes. Within the King Edward neighbourhood itself, this home is much more typical, ranking closer to average for size and value. This highlights its role as a classic inner-city property.
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