Property score
49.3
Below average
Overall 49.3 · Smaller but newer than most nearby homes
771 sqft (bottom 25%) · Built in 1984 (36 yrs newer than avg)
Located in a above-average income area with median household income of ~75k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 2 shops, 4 parks, and 1 sports facility nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
36 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
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49.3 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
496 King Edward Street — 10 amenities found within 500 m, across 5 categories, including 2 education (nearest 303 m), 2 shopping (nearest 325 m), 4 parks (nearest 51 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 46% | Bottom 45% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 496 King Edward Street, Winnipeg
Key Characteristics & Appeal
This 1984 bi-level home at 496 King Edward Street presents a practical and affordable entry point into Winnipeg’s King Edward neighbourhood. With 771 square feet of living space, the home is compact, ranking below average in size for its street and the wider city, which suggests a focus on efficiency and lower utility costs. A key feature is its renovated basement, adding functional living space. The lot is modest at 2,701 sqft, implying manageable outdoor maintenance.
The primary appeal lies in its financial accessibility. With an assessed value around $25,000—significantly below the city average—it offers one of the lowest barriers to homeownership in Winnipeg. This is not a luxury property, but a grounded opportunity. It would suit first-time buyers, investors seeking a rental property with a low entry cost, or individuals looking to minimize their living expenses and footprint. The home’s 1984 build date is newer than many in the area, potentially meaning fewer immediate concerns with aging infrastructure compared to century-old homes. A thoughtful perspective is that this property represents a strategic choice for building equity with minimal debt, rather than seeking a "forever home."
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, separate suite. Buyers should verify its compliance with local zoning and licensing regulations if considering rental income.
2. What is the typical property tax bill for this home?
With an assessed value of approximately $25,200, the property taxes would be among the lowest in the city. An exact figure can be obtained from the City of Winnipeg’s tax calculator using the current mill rate.
3. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s relatively small size, modest lot, and the broader economic factors of its specific neighbourhood. It indicates a market segment focused on affordability over square footage.
4. What are the parking arrangements, given there is no garage?
The property has no garage. Parking is likely limited to on-street. Buyers should observe the street at different times to gauge typical parking availability.
5. How do the recent sold prices compare to the assessment?
Public data indicates it sold for between $21,500 and $24,500 in August 2023, which aligns closely with its current assessed value. This suggests a stable, non-speculative market for homes in this category.
