45.1
Below average
Property score
45.1
Below average
Overall 45.1
Smaller than most nearby homes
659 sqft (bottom 7%)
Built in 1948
Located in a above-average income area
with median household income of ~75k
Transit 70.0
6-min walk to transit with 3 nearby routes
Within 500m: 3 dining spots, 2 schools, 3 shops, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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
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
45.1 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
493 Queen Street — 15 amenities found within 500 m, across 6 categories, including 3 dining (nearest 366 m), 2 education (nearest 181 m), 3 shopping (nearest 171 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 38% | Bottom 30% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 493 Queen Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, situated on a notably generous lot in the King Edward neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land parcel that is well above average for the immediate area—over 5,400 sqft, ranking in the top 8% of King Edward. This presents a clear value in land ownership and future potential. However, the living space is modest at 659 sqft, placing it below average for similar homes locally.
The property suits practical, value-oriented buyers. It’s ideal for a first-time homeowner comfortable with a smaller footprint, an investor looking for a land-hold with a rentable dwelling, or someone planning a future expansion or rebuild who prioritizes lot size over current square footage. Its assessed value is consistent with the street and neighbourhood, suggesting it’s priced without premium or major discount in the current market. The appeal is grounded in utility and possibility rather than immediate move-in luxury.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,443 sqft is a standout feature. It is significantly larger than the average lot in King Edward (~3,800 sqft), offering more outdoor space and future development potential than most properties in the neighbourhood.
2. Is the house particularly small?
Yes. With 659 sqft of living area, it is smaller than most comparable homes on Queen Street, in King Edward, and across Winnipeg. The renovated basement adds functional space, but the above-ground footprint is compact.
3. What does the "around average" assessed value indicate?
It suggests the property’s official valuation is typical for its specific street and neighbourhood. This can indicate market stability, but it’s important to note that assessed value for tax purposes doesn't always directly correlate with current market selling price.
4. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with ample above-ground living space for a growing family, or those unwilling to consider renovations or expansions to fully utilize the large lot.
5. How can I get the exact historical sale price?
The exact sold price from the last transaction is not publicly displayed. You can request it directly via the email button on the listing page. The service provides the accurate figure manually and does not use your email 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.
