Property score
79.4
Good
Overall 79.4 · Larger and newer than most nearby homes
1,532 sqft (top 3%) · Built in 2024 (76 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 4 parks nearby
Living Area
Above average
61% larger than neighborhood avg.
Year Built
Above average
76 yrs newer 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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79.4 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
478 Collegiate Street — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 429 m), 4 parks (nearest 88 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 11% | Bottom 11% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 2024-built, two-storey home at 478 Collegiate Street in Winnipeg's King Edward neighbourhood stands out for its modern construction and efficient design. Its key appeal lies in offering a like-new living experience within a mature, established area. With 1,532 sqft of living space, it is significantly larger than most homes on its street and in the immediate area, placing it in the top 3% locally. The fully renovated basement adds functional space. While the lot size is typical for the street, it is smaller than the Winnipeg city average, resulting in a low-maintenance yard. The property’s assessed value is notably high for the area (top 1%), reflecting its newness and size relative to its older neighbours.
This home is ideally suited for buyers seeking modern finishes, energy efficiency, and minimal immediate upkeep without moving to a distant suburb. It would particularly appeal to professionals or small families who value a turn-key property and more interior space over a large garden. A thoughtful perspective is that this property represents a shift in the neighbourhood's character, offering a contemporary lifestyle amid traditional homes, which can be a compelling long-term investment as areas evolve.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessment is based on the home being brand new (built in 2024) with modern materials, systems, and a renovated basement. Its living area is also substantially larger than the local average, justifying a higher value compared to the older, often smaller homes surrounding it.
2. What does the "top 1%" ranking for year built mean?
It means this is one of the newest homes not just on the street, but in the entire city. Compared to the local average build year of 1948, this property is a rare, modern construction in an older neighbourhood.
3. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is standard for Collegiate Street but below the citywide average. This means less outdoor maintenance, which is a benefit for many, but may not suit those wanting extensive gardening or large private outdoor space.
4. What is the likely appeal of this specific location?
You are purchasing a new home in a long-established neighbourhood. This offers the charm and mature tree canopy of an older area with the convenience, layout, and efficiency of a modern build, potentially offering the best of both worlds.
5. The sold price history shows a sale in 2022 for a much lower price. What does that indicate?
The 2022 sale likely reflects the value of the vacant lot or a previous structure before the current home was built in 2024. The current value is based entirely on the newly constructed house that now exists on the property.
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