Property score
49.5
Below average
Overall 49.5 · 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 76.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 2 schools, 3 shops, and 5 parks 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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49.5 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
468 Queen Street — 14 amenities found within 500 m, across 6 categories, including 2 dining (nearest 456 m), 2 education (nearest 245 m), 3 shopping (nearest 262 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 10% | Top 14% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 468 Queen Street, Winnipeg
Key Characteristics & Appeal
This one-storey home at 468 Queen Street in the King Edward neighbourhood presents a unique value proposition centered on its land. Built in 1949, the 728 sqft living area is modest and below average for the city, but it sits on an exceptionally large lot of over 7,000 sqft. This lot size is in the top 2% for the King Edward area, offering rare potential for expansion, gardening, or outdoor space that is hard to find in the city core. The home features a renovated basement and a detached garage.
Its primary appeal lies in this land-to-structure ratio. For the assessed value, the property is priced more for its location and lot than for its interior square footage. It suits a specific buyer: someone looking for a footprint in a central neighbourhood who is comfortable with a smaller, older home and sees value in the land itself—whether for future renovation, adding a suite, or simply enjoying a large private yard. It’s a practical entry into homeownership in Winnipeg, where the value is anchored by the property’s potential rather than its current finished size.
Frequently Asked Questions
1. Is the house itself in good condition?
The listing notes a renovated basement, suggesting some updates. However, as a home built in 1949 with below-average living area, a prospective buyer should budget for a thorough inspection. The value here is significantly in the land, so the condition of the existing structure should be carefully evaluated.
2. Why is the assessed value relatively high for a smaller home?
The assessed value of $290k reflects the property as a whole, not just the house. The lot is exceptionally large for the area (top 2% in King Edward), which is a major driver of its value. It’s assessed more in line with its land potential than its current interior space.
3. What can I do with such a large lot?
The lot size offers flexibility that is uncommon in the city. Potential uses, subject to city zoning bylaws, could include a significant garden, adding a large addition, building a detached workshop or studio, or creating ample recreational space. It’s the property’s defining feature.
4. How does the recent sold price compare?
Public data indicates it sold for between $315,000 and $345,000 in September 2024. This sale price, above the assessed value, likely reflects market recognition of the lot's premium value and potential.
5. What is the King Edward neighbourhood like?
King Edward is a central, established Winnipeg neighbourhood. The property’s metrics show it is typical for the area in terms of age and assessed value, but the lot size is a standout feature. Buyers should explore the specific block and nearby amenities to see if the community feel aligns with their lifestyle.
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