Property score
77.8
Good
Overall 77.8 · Larger and newer than most nearby homes
1,327 sqft (top 8%) · Built in 2020 (72 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 school, and 5 parks nearby
Living Area
Above average
39% larger than neighborhood avg.
Year Built
Above average
72 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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77.8 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
488 Marjorie Street — 6 amenities found within 500 m, across 2 categories, including 1 education (nearest 229 m), 5 parks (nearest 144 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 13% | Top 9% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 488 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This 2020-built, one-storey home in King Edward stands out for its modern foundation and above-average space. With 1,327 sqft of living area, it offers significantly more room than most comparable homes on its street and in the neighbourhood. Its recent construction means it likely benefits from contemporary building standards, efficient systems, and minimal immediate repair needs—a notable contrast to the area's predominantly mid-century housing stock.
The primary appeal lies in its balance of new-build advantages within an established community. The renovated basement adds functional living space, increasing its utility. While the property lacks a garage and pool, its elite-tier assessed value for the area suggests strong intrinsic value and desirability. The lot size is typical for the local streetscape but smaller than the Winnipeg city average, resulting in manageable outdoor maintenance.
This home would suit buyers seeking a move-in-ready, modern property without the premium of a brand-new subdivision. It’s ideal for those who value low-maintenance living, modern amenities, and the character of a mature neighbourhood like King Edward. It could also appeal to value-conscious investors or buyers looking for a property with a strong assessed value relative to its peers, indicating a solid foundation for equity.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value ranks in the top 3-4% for both Marjorie Street and the broader King Edward area. This is primarily driven by the home's very recent construction year (2020) and its above-average living area, which are key factors in property valuation.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish. Prospective buyers should inquire about the quality of the renovation, the ceiling height, whether it includes a legal suite or additional bedrooms, and if proper permits were obtained.
3. How does the lack of a garage affect daily living?
The property has no garage, which is common for many older Winnipeg neighbourhoods. Buyers should consider on-street parking permits, winter plug-in access for vehicles, and the potential cost and feasibility of adding a garage or carport in the future, subject to local bylaws.
4. The home sold in early 2021. What might explain its current availability?
A resale after only a few years can be due to many neutral factors, such as a job relocation, change in family circumstances, or an investor exiting the market. It does not inherently indicate a problem with the property.
5. How does the lot size impact potential for expansion or outdoor use?
At 3,591 sqft, the lot is standard for the street but below the citywide average. This may limit possibilities for large additions, decks, or pools. However, it also means less yard work. Any plans for significant exterior changes should start with a review of zoning setback requirements.
