Property score
41.7
Below average
Overall 41.7 · Smaller and older than most nearby homes
730 sqft (bottom 18%) · Built in 1910 (38 yrs older than avg)
Located in a above-average income area with median household income of ~75k
Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 2 schools, 2 shops, and 5 parks nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Below average
38 yrs older 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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41.7 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
481 King Edward Street — 13 amenities found within 500 m, across 6 categories, including 2 dining (nearest 485 m), 2 education (nearest 285 m), 2 shopping (nearest 289 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 31% | Bottom 29% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 481 King Edward Street
Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, offering a straightforward and affordable entry point into Winnipeg’s King Edward neighbourhood. With 730 square feet of living space and a recently renovated basement, it prioritizes function and livability over size. Its assessed value is notably below averages for the street, area, and city, indicating a lower property tax burden and a accessible price point.
The appeal lies in its practicality and potential. The detached garage adds valuable storage or workshop space, while the lot size is fairly typical for the immediate area. This property would suit first-time buyers, downsizers, or investors seeking a manageable, low-maintenance footprint. It’s for someone who values character and location over square footage, and who sees the below-average metrics not as drawbacks, but as an opportunity for a cost-effective home base in the city. A thoughtful perspective is that a smaller, older home like this often comes with proportionally lower utility costs and less space to furnish and maintain, aligning with a simpler, more efficient lifestyle.
Frequently Asked Questions
1. How does the small living area compare to nearby homes?
At 730 sqft, the living area is below the average for King Edward Street (~953 sqft) and the wider city. This confirms the home’s compact nature, but it’s a trade-off for the notably lower assessed value and purchase price.
2. What does the "below average" assessed value mean for me?
A below-average assessed value generally translates to lower annual property taxes compared to other homes in the vicinity. It’s a key factor in the overall affordability of this property.
3. The home was built in 1910. Should I be concerned?
The age indicates potential for character but also means systems like wiring and plumbing may be older. The renovated basement is a positive update. A thorough inspection is essential to understand the condition and any needed updates.
4. Is the lot size a disadvantage?
The land area of 2,903 sqft is actually around average for the King Edward neighbourhood. While smaller than the citywide average, it is consistent with local lots, offering a manageable yard without excessive upkeep.
5. Where can I find the exact historical sold prices?
The listing provides sold price ranges based on public data. To obtain the exact sale figures, you must request them directly via the email button provided on the listing page, as this information is verified and shared manually by the site.
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