60.7
Fair
Property score
60.7
Fair
Overall 60.7
Larger than most nearby homes
1,054 sqft (top 27%)
Built in 1952 (4 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: 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
Above average
11% larger than neighborhood avg.
Year Built
Near average
4 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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60.7 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
499 Queen Street — 15 amenities found within 500 m, across 6 categories, including 3 dining (nearest 362 m), 2 education (nearest 189 m), 3 shopping (nearest 170 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 41% | Top 38% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home at 499 Queen Street in Winnipeg's King Edward neighbourhood presents a classic, grounded opportunity. Built in 1952, it sits on a notably generous 6,637 sqft lot—a standout feature that ranks in the top 4% of properties in the area. With 1,054 sqft of living space and a renovated basement, the house itself is functionally sized and updated where it counts. The detached garage adds practical utility.
The appeal here is rooted in space and location. The lot size is a significant asset, offering rare potential for gardening, expansion, or simply enjoying a larger private outdoor space in the city. Its assessed value positions it as an accessible entry point into the market, particularly for the lot size it commands. This property would suit first-time buyers or practical downsizers who value a substantial yard over a large house, and who are looking for a home with baseline updates in a stable, established neighbourhood. It’s a property where the land is the leading feature, offering a blank canvas for future enjoyment or improvement.
Frequently Asked Questions
1. How does the lot size compare to typical city properties?
The lot is 6,637 sqft, which is significantly larger than the average for both the immediate area and the city overall. In the King Edward neighbourhood, this lot size ranks in the elite top 4%.
2. What is the home’s condition based on the available details?
The listing notes a renovated basement, suggesting some modernization. As a home built in 1952, buyers should anticipate the potential for age-related maintenance common to houses of this era, while appreciating the character and solidity it likely offers.
3. Who would this property be most suitable for?
It’s well-suited for buyers who prioritize outdoor space and a neighbourhood setting over a brand-new or very large home. It’s a practical choice for those comfortable with a home that may require thoughtful updates over time, starting with a solid, renovated basement and a standout yard.
4. How does its value compare to nearby properties?
Its assessed value is around average for Queen Street and the King Edward area, but below the citywide average. This indicates it represents a value proposition within its specific, desirable locale, especially when the lot size is considered.
5. Is there a recent sale history for this address?
Public records indicate a sale in September 2016. For the exact sold price and a detailed history, you can request the information directly via the listing page.
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