62.2
Fair
Property score
62.2
Fair
Overall 62.2
Larger and newer than most nearby homes
1,042 sqft (top 29%)
Built in 1976 (28 yrs newer than avg)
Located in a above-average income area
with median household income of ~75k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 3 dining spots, 2 schools, 3 shops, and 6 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
9% larger than neighborhood avg.
Year Built
Above average
28 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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62.2 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
435 Queen Street — 18 amenities found within 500 m, across 6 categories, including 3 dining (nearest 470 m), 2 education (nearest 256 m), 3 shopping (nearest 303 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 435 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 14% | Top 18% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 435 Queen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a nearly 5,000 sqft lot in King Edward presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 1,042 sqft main floor. The detached garage offers additional storage or workshop potential.
The appeal lies in its strong positioning within its immediate context. The home ranks above average for both assessed value and year built (1976) compared to others on Queen Street and in the wider King Edward neighbourhood, suggesting it is a relatively modern and well-regarded property in that area. This makes it a sensible choice for buyers seeking a solid, move-in-ready foundation in a central Winnipeg community without the premium of a new build. It would suit first-time homeowners, downsizers looking for single-level living, or practical investors attracted by the renovated basement's income potential. A thoughtful perspective is that while its city-wide assessed value is below average, this primarily reflects the home's location value rather than its condition, highlighting an opportunity for buyers who prioritize the intrinsic quality and lot size of the property itself over a prestigious postal code.
Section 2: Frequently Asked Questions
1. What does the "above average" ranking for year built mean?
While built in 1976, this home is newer than many in the King Edward area and on its street, where comparable homes often date to the 1940s. This suggests potentially fewer issues with outdated infrastructure than much older homes.
2. Is the assessed value the same as the market price?
No. The assessed value ( $29,900 ) is for municipal tax purposes. The last recorded sold price in 2023 was between $30,500 and $33,500. Market price is determined by current conditions and buyer demand.
3. What are the implications of the renovated basement?
A renovated basement adds liveable square footage, which can be used for family space, a home office, or a separate suite (subject to city zoning and licensing). It also indicates recent investment in the property.
4. How does the lot size compare?
At 4,979 sqft, the lot is larger than the average for King Edward, offering more outdoor space than many in-fill properties. On its own street and city-wide, the lot size is around the median.
5. Why is the city-wide assessed value ranking lower?
This home's assessed value is below the Winnipeg average because assessment heavily reflects location and market area. It confirms this is a more affordable neighbourhood, not necessarily a comment on the property's condition or lot size.
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