Property score
59.2
Fair
Overall 59.2 · Newer than most nearby homes
931 sqft (top 45%) · Built in 1976 (28 yrs newer than avg)
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: 2 dining spots, 2 schools, 2 shops, and 4 parks nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Above average
28 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
59.2 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
494 Queen Street — 12 amenities found within 500 m, across 6 categories, including 2 dining (nearest 426 m), 2 education (nearest 247 m), 2 shopping (nearest 234 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 13% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 931 sqft, one-storey home at 494 Queen Street in Winnipeg's King Edward neighbourhood presents a practical and value-oriented opportunity. Built in 1976, it is notably newer than many homes in the immediate area. Its key appeal lies in its above-average assessed value for the street and neighbourhood, suggesting a solid investment relative to its peers, and its generous 5,171 sqft lot, which is larger than typical for King Edward. The home features a renovated basement, adding functional living space. It suits first-time buyers seeking an entry point into the market with room to grow, or value-focused investors looking for a property with strong fundamentals in a mature neighbourhood. Its average living space but above-average lot size hints at potential for expansion or outdoor enjoyment, offering a balance between a manageable home and a substantial piece of land.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in August 2024 for between $32.5k and $35.5k, which is consistent with its current assessed value of $31.8k. This alignment suggests the assessment is current and the market value is stable.
2. What does the "above average" assessed value ranking mean?
While the assessed value is modest in absolute terms, it ranks in the top 21% on Queen Street and top 18% in the King Edward neighbourhood. This indicates the property is viewed as more valuable than most comparable homes around it, which can be a positive signal for equity.
3. Is the living space sufficient for a family?
At 931 sqft, the living area is around the neighbourhood average. Combined with the renovated basement, it provides adequate space for a small family or couple. The lot size is a significant compensating feature, offering ample outdoor space that many newer homes lack.
4. What are the implications of the home being newer than area averages?
Built in 1976, the home is decades newer than the neighbourhood average (1945-1948). This often translates to fewer immediate concerns with outdated major systems (like wiring or plumbing) found in much older heritage properties, potentially reducing near-term renovation costs.
5. How can I get the exact historical sale price?
The exact sold price is not published publicly. You can request it directly via the "Get exact sold price history" feature on the listing page. The service provider manually sends the accurate figure by email, typically by the end of the same day, without using your email for 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.
