71.4
Good
Property score
71.4
Good
Overall 71.4
Larger than most nearby homes
1,418 sqft (top 5%)
Built in 1918 (30 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 74.0
3-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
Above average
49% larger than neighborhood avg.
Year Built
Near average
30 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
71.4 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
487 Collegiate Street — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 388 m), 4 parks (nearest 40 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 47% | Top 47% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 487 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward presents a compelling mix of space, location, and value. Its key characteristic is an above-average living area of 1,418 sqft, which places it in the top tier for size within both the immediate street and the broader neighbourhood. The standout feature, however, is the land: at over 5,400 sqft, the lot size is elite for the area, offering rare potential for gardening, expansion, or simply more private outdoor space than most nearby properties.
The appeal lies in this balance. The house itself, built in 1918, is a solid, character home with a renovated basement and a detached garage. It sits on a generously sized lot in a central neighbourhood, yet its assessed value remains accessible and is average for the local market. This creates a value proposition for buyers seeking more room—both inside and out—without a premium price tag. It would suit a practical buyer, perhaps a young family or a long-term investor, who values substantial lot size and interior space over a modern build or a high-end finish. It’s a property for those who see potential in the land and the solid foundation of a century home.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical city property?
While the lot is exceptionally large for the King Edward neighbourhood, it is slightly below the city-wide average. This highlights the property’s true advantage: it offers a suburban-like yard in a mature, central area where such lots are uncommon.
2. The home was built in 1918. What should I consider?
As a century-old home, prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation. While the basement is noted as renovated, the overall maintenance and updating of a 108-year-old structure are key factors.
3. The assessed value seems low compared to the city average. Why?
The assessed value is set relative to similar properties in the local market. Its ranking shows it is average for King Edward but below the Winnipeg average, reflecting the more affordable character of this established neighbourhood compared to newer suburban areas.
4. What is the significance of the "Top X%" rankings provided?
These rankings show how this property compares to similar homes in three geographic circles: its own street, the King Edward neighbourhood, and all of Winnipeg. For example, its living area is in the top 6% on its street, meaning it is significantly larger than most direct neighbours.
5. Can I find out the exact historical sale prices?
The listing service provides estimated sale price ranges from public data. They offer to provide the exact figures via a manual email request, stating they will respond promptly without using the contact for unsolicited marketing.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
