52.4
Fair
Property score
52.4
Fair
Overall 52.4
Compared with neighbourhood average
832 sqft (bottom 36%)
Built in 1918 (30 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 2 dining spots, 1 school, 4 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Near average
30 yrs older than neighborhood avg.
Mother tongue
English · 66%Tagalog · 14%
Past 10 years King Edward sales snapshot (~80% of all data)
1,128
356.6k
$349/sqft
1948
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52.4 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: #46111133
$94K
Median household income
$106K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
23%
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
451 Collegiate Street — 8 amenities found within 500 m, across 4 categories, including 2 dining (nearest 422 m), 1 education (nearest 372 m), 4 parks (nearest 181 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 12% | Bottom 11% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 451 Collegiate Street, Winnipeg
Section 1: Overview & Appeal
This is a classic one-and-a-half storey home in Winnipeg's King Edward neighbourhood, built in 1918. Its key characteristics include 832 square feet of living space, a detached garage, and an unrenovated basement on a standard city lot. The home’s assessed value is notably below average for the city, reflecting its vintage and modest footprint.
The primary appeal lies in its position as an affordable entry point into homeownership, particularly in a central area. It suits first-time buyers, investors, or handy individuals looking for a project. The below-average assessment for the street and area suggests potential for value growth through updates. A thoughtful perspective is that its smaller size and simpler layout could be a benefit for those seeking lower utility costs and minimal upkeep, offering a lifestyle less focused on maintaining a large property. It represents a practical, no-frills opportunity rather than a move-in-ready showpiece.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" or a livable home?
Based on the stable assessed value and sold price history, it is treated as a livable property. However, the unrenovated basement and vintage year suggest it would benefit from modernization.
2. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial advantage for the owner.
3. What is the significance of the "below average" city-wide rankings?
While the home is around average for its immediate area, its size and value are below the Winnipeg average. This highlights its as a more compact, affordable option compared to newer suburban homes.
4. The last recorded sale was in 2017. What does that indicate?
The multi-year ownership period suggests the property has been held as a long-term residence or rental, not subject to frequent flipping, which can indicate a stable location.
5. What are the considerations with a 1918 build?
While the structure has proven its durability, a prospective buyer should budget for potential updates to older mechanical systems, insulation, and windows to improve comfort and efficiency. The charm of a century-old home comes with a responsibility for its maintenance.
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