Property score
59.5
Fair
Overall 59.5 · Older than most nearby homes
946 sqft (top 41%) · Built in 1913 (35 yrs older 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
Near average
1% smaller than neighborhood avg.
Year Built
Below average
35 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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59.5 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: #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
482 Collegiate Street — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 432 m), 4 parks (nearest 79 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 41% | Bottom 37% | Bottom 15% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Bottom 41% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This one-storey home at 482 Collegiate Street in Winnipeg's King Edward neighbourhood presents a classic character home opportunity with a standout feature: its land. Built in 1913, the 946 sqft house sits on a notably large 5,424 sqft lot, which ranks within the top 10% of properties in the local area. While the living space is modest and typical for the street, the home includes a renovated basement and a detached garage. Its assessed value is consistent with the neighbourhood average.
The primary appeal lies in its generous lot size, offering rare potential for expansion, gardening, or outdoor space in a central location. The renovated basement adds functional living space. This property would best suit a buyer looking for a character home with room to grow, whether that's through future renovations, building a garage suite (subject to zoning), or simply enjoying a larger yard. It’s a practical choice for those who value land size over a large existing footprint and are comfortable with the maintenance considerations of an older home.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing notes the basement is renovated, but specifics on finish quality, ceiling height, moisture management, and legal egress should be verified with the seller or during a viewing, as these are key for livability and value.
2. How does the large lot impact future plans?
The oversized lot is a major asset. Prospective buyers should investigate City of Winnipeg zoning bylaws to understand the potential for additions, detached structures like a workshop or garage, or even future subdivision possibilities, as this significantly affects the property's long-term value.
3. Are there any concerns with a home built in 1913?
While charming, a home of this age requires diligent inspection. Key focuses should include the foundation, original wiring and plumbing updates, insulation, and the roof. The recent basement renovation is a positive, but understanding what lies behind the walls is essential.
4. Why is the assessed value so much lower than the city-wide average sold price?
Manitoba uses a property assessment system for tax purposes that is not a direct reflection of current market value. The assessed value here is typical for the King Edward area. The actual market price will be influenced by recent sales of similar character homes, the unique lot size, and overall condition.
5. What is the neighbourhood like?
King Edward is a mature, established neighbourhood close to the University of Winnipeg and downtown. The value here is in location and lot size. Buyers should visit at different times to gauge traffic, noise, and the general upkeep of nearby properties to ensure it matches their lifestyle expectations.
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