Property score
75.6
Good
Overall 75.6 · Larger and newer than most nearby homes
1,353 sqft (top 7%) · Built in 2021 (73 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
42% larger than neighborhood avg.
Year Built
Above average
73 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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75.6 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
490 Marjorie Street — 6 amenities found within 500 m, across 2 categories, including 1 education (nearest 236 m), 5 parks (nearest 145 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 8% | Top 6% | Top 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 490 Marjorie Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2021, stands out in its established King Edward neighbourhood for its modern age and above-average living space. With 1,353 sqft, it offers significantly more room than most comparable homes on its street and in the immediate area. Its assessed value ranks highly within the neighbourhood, suggesting it is a substantial property for the locale.
The primary appeal lies in acquiring a nearly new construction in a mature area, bypassing the need for major immediate renovations. The home’s strength is in its modern structure and efficient use of interior space, though it’s worth noting the lot size is compact relative to area norms. This property would suit a buyer looking for a low-maintenance, move-in-ready home in a central Winnipeg neighbourhood, who prioritizes modern interior space over a large yard. It’s particularly suited for professionals, small families, or downsizers seeking a newer build without moving to the distant suburbs.
Frequently Asked Questions
1. How does the lot size impact the property?
The land area is smaller than most in the neighbourhood. This typically means less exterior maintenance but also limited potential for expansions like a large addition or garage. It emphasizes the home as a compact, efficient living space.
2. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative within market areas. While the value is high for King Edward, it reflects the neighbourhood’s overall pricing. The city-wide average is pulled much higher by newer suburban developments and more expensive districts.
3. What does the sold price history indicate?
The home sold in 2021 for a price range consistent with its current assessed value. This suggests stable value retention in its market segment, but for the most precise historical data, you should request the exact sold price via the provided email service.
4. What are the implications of the basement being "not renovated"?
The basement is finished but likely in a basic, functional state consistent with the home’s 2021 build. It provides usable space but may not have high-end finishes, representing a potential canvas for future personalization.
5. Who might this home not be ideal for?
It may not suit buyers seeking a large garden, extensive outdoor space, or a traditional character home, as it is a modern build on a smaller lot. Those prioritizing extensive storage or wanting to add a detached garage might find the property limiting.
