53.0
Fair
Property score
53.0
Fair
Overall 53.0
Smaller than most nearby homes
760 sqft (bottom 23%)
Built in 1938 (10 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
10 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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53.0 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
477 Collegiate Street — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 377 m), 4 parks (nearest 86 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 33% | Top 34% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 477 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in King Edward presents a unique value proposition centered on its land. Built in 1938, the 760 sqft living space is compact and below average for the area, but it sits on an exceptionally large lot of over 5,400 sqft—a standout feature that ranks in the top 2% on its own street. The home includes a renovated basement and a detached garage.
Its primary appeal lies in this land-to-structure ratio. For the price of a modest, updated starter home, you are securing a parcel of land that is increasingly rare in the city core. This isn't just a house; it's a property with significant future potential. The assessed value is average for the immediate neighborhood, suggesting the current price reflects the home's condition and size rather than a premium for the lot, which could be seen as an opportunity.
This property would suit a practical, forward-thinking buyer. It's ideal for a first-time homeowner comfortable with a cozy footprint who views the land as a long-term asset, or for an investor/developer who recognizes the underlying value of the lot for future expansion or redevelopment. It’s less suited for those seeking ample, move-in-ready interior space without future projects in mind.
Frequently Asked Questions
1. Is the house too small for a family?
The 760 sqft living area is compact. It could work for a small family, especially with the renovated basement providing additional space, but it requires efficient use of space. The large yard, however, offers significant room for children to play.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a modern utility area, or something in between.
3. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessment includes all property types and sizes across Winnipeg. This home’s assessment is in line with similar-sized, older homes in the King Edward area. The assessed value typically reflects the current built structure, not the full development potential of the lot.
4. What is the potential of the large lot?
The oversized lot (5,426 sqft) is the property's defining feature. It offers ample space for a large garden, outdoor living, and significant expansion. In the long term, it may also have redevelopment potential, subject to local zoning regulations.
5. How does the last sold price (2022) relate to the current asking price?
The home sold for an estimated $25.5k-$28.5k in mid-2022. Comparing this to the current asking price will indicate market movement. However, any renovations completed since 2022 and broader market conditions will influence the current valuation.
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