Property score
42.4
Below average
Overall 42.4 · Smaller than most nearby homes
720 sqft (bottom 16%) · Built in 1918 (30 yrs older 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 schools, 2 shops, 4 parks, and 1 sports facility nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
30 yrs older 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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42.4 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
502 King Edward Street — 10 amenities found within 500 m, across 5 categories, including 2 education (nearest 321 m), 2 shopping (nearest 325 m), 4 parks (nearest 68 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 37% | Top 32% | Bottom 32% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 35% | Bottom 31% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 720 sqft bi-level home at 502 King Edward Street is a compact, historically grounded property built in 1918. Its key characteristic is its efficiency: the living space is modest and below area averages, but it sits on a 2,700 sqft lot and features a renovated basement. The home’s assessed value is notably consistent and affordable relative to its immediate street and neighborhood, though well below the Winnipeg citywide average.
Its appeal lies in its role as a practical entry point into the market. It suits first-time buyers, downsizers, or investors seeking a lower-cost holding with renovation potential. A thoughtful perspective is that its older age (108 years) and smaller footprint offer a lower environmental impact and simpler upkeep compared to larger, newer builds. Its consistent, middle-of-the-pack assessed value on the street suggests it's a stable, non-speculative asset in its immediate context, appealing to those seeking predictability.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 720 sqft of living area, this home is smaller than most comparable properties on its street, in the King Edward area, and across Winnipeg. It ranks in the bottom 15-20% for size in these groupings.
2. What is the significance of the assessed value being "around average" for the street but "below average" citywide?
This indicates the property is priced typically for its specific, established neighborhood, making it affordable in that local context. The dramatic difference from the citywide average highlights the variation in Winnipeg’s market, positioning this home in a more accessible value tier.
3. The home was built in 1918. What should I consider?
While the structure is over a century old, the basement has been renovated. Buyers should prioritize a thorough inspection focusing on foundational integrity, updates to electrical/plumbing systems, and energy efficiency, balancing historic charm with modern functionality.
4. The lot size is below average. Is that a major drawback?
The 2,700 sqft lot is smaller than many in the area, which limits expansive outdoor space but can mean less maintenance. For the right buyer, this translates to a more manageable yard without significantly compromising on private outdoor area.
5. Where can I find exact historical sold prices?
The listing provides estimated sold price ranges from 2016 and 2022. To obtain the exact sale figures, you can use the provided email request form on the property page. The service is manual but committed to providing the data without marketing spam.
