Property score
61.9
Fair
Overall 61.9 · Compared with neighbourhood average
902 sqft (bottom 49%) · Built in 1954 (6 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 dining spot, 1 school, and 5 parks nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
6 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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61.9 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
501 Parkview Street — 7 amenities found within 500 m, across 3 categories, including 1 dining (nearest 492 m), 1 education (nearest 264 m), 5 parks (nearest 181 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 41% | Bottom 48% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1954-built, one-storey home at 501 Parkview Street in Winnipeg's King Edward neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in a balanced offering of space, location, and potential. The home features 902 sqft of living space and a renovated basement, situated on a notably larger-than-average lot for the area at 5,208 sqft, complete with a detached garage. While the living space is modest citywide, it is competitive within the immediate neighbourhood and street context. The home’s assessed value positions it as an above-average offering in King Edward, suggesting a solid foundation for the price point. It last sold in early 2020.
Key Characteristics & Ideal Buyer
The property’s primary strengths are its generous lot size, which offers rare outdoor space and potential for expansion or gardening in this established area, and the updated basement adding functional living space. Its appeal is grounded in practicality rather than luxury, suiting first-time homebuyers, downsizers looking for single-level living, or investors seeking a character home with a stable rental history in a central neighbourhood. A thoughtful perspective is that while the home itself is average in size for the street, the lot is a standout asset, offering a tangible piece of land that is increasingly scarce. It suits a buyer comfortable with the maintenance of an older home but appreciative of having major interior renovation work (the basement) already addressed.
Frequently Asked Questions
1. How does the home’s size compare to the area?
At 902 sqft, the living area is very close to the average for both Parkview Street and the wider King Edward neighbourhood, making it a typical, comfortable size for the community.
2. What does the assessed value ranking indicate?
The assessment is above average for King Edward (top 30%), which often reflects the property’s condition, improvements like the renovated basement, and its desirable lot size relative to nearby homes.
3. Is the larger lot a significant advantage?
Yes. The lot is over 5,200 sqft, ranking in the top 17% for size in King Edward. This provides more private outdoor space than most neighbours and could be a long-term asset for enjoyment or future property value.
4. What should I know about the home’s age?
Built in 1954, the home is of a typical vintage for the area. Buyers should focus on the condition of major aging components, such as the roof, foundation, and plumbing, as the basement renovation may have updated interior systems.
5. Why is the last sold price from 2020 shown as a range?
Public records sometimes provide approximate sale prices. For the exact historical sold price, you can request it directly via the email link provided on the listing page.
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