Property score
49.8
Below average
Overall 49.8 · Smaller than most nearby homes
728 sqft (bottom 17%) · Built in 1949 (1 yr newer than avg)
Located in a above-average income area with median household income of ~75k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 3 shops, 7 parks, and 1 sports facility nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer 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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49.8 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: #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
432 Queen Street — 15 amenities found within 500 m, across 5 categories, including 2 education (nearest 281 m), 3 shopping (nearest 337 m), 7 parks (nearest 105 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 44% | Top 46% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 432 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the King Edward neighbourhood presents a compelling mix of modest living space and significant land value. At 728 sqft, the house itself is compact, ranking below average in size for its street, area, and the wider city. Built in 1949, it is typical for its immediate vicinity. However, its true standout feature is the generous 7,765 sqft lot, which ranks in the top 6% on Queen Street and an elite top 1% within the King Edward area. This offers substantial outdoor space rare for the location. The home includes a renovated basement and a detached garage.
The appeal lies in a value proposition centered on land potential. With an assessed value ($290k) that is competitive on its street and above average for King Edward, it suggests you are primarily investing in the property's location and lot size. The renovated basement adds functional living space. This property would suit a practical buyer looking for a foothold in the area without a premium for a large house—perfect for someone valuing outdoor space for gardens, recreation, or future expansion more than interior square footage. It could also appeal to an investor or builder who sees the underlying land value in a mature neighbourhood.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 728 sqft of above-ground living space, it is certainly compact. The renovated basement provides additional functional area, but the main floor is best suited for individuals, couples, or those comfortable with efficient living. The trade-off is the exceptionally large lot.
2. Why is the assessed value relatively high for a smaller home?
The assessment likely reflects the property's substantial and desirable lot size more than the house itself. In mature neighbourhoods, land often constitutes a significant portion of the total value, especially on a lot that ranks in the top 1% for its area.
3. What is the neighbourhood like?
King Edward is a central, established neighbourhood. The property's metrics (like year built and assessed value) are very typical for the area, indicating it fits right into the fabric of a mature, stable community.
4. What are the implications of such a large lot?
It offers rare privacy and space for outdoor activities, gardening, or storage in the city. It also may present future opportunities, such as additions or redevelopment, subject to zoning. Buyers should consider the maintenance required for a lot of this size.
5. How does the sold history help?
The listed sale in July 2020 provides a market benchmark from five years ago. To understand current value, comparing this with more recent sales of similar properties (especially those with larger lots) is essential. The exact sold price is available upon request from the listing source.
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