Property score
61.9
Fair
Overall 61.9 · Compared with neighbourhood average
926 sqft (top 46%) · Built in 1954 (6 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 school, and 4 parks nearby
Living Area
Near average
3% 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
507 Parkview Street — 6 amenities found within 500 m, across 3 categories, including 1 dining (nearest 462 m), 1 education (nearest 285 m), 4 parks (nearest 188 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 42% | Top 35% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 507 Parkview Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in King Edward presents a practical opportunity centered on its generous lot. With 5,425 sqft of land, the property offers significantly more outdoor space than most in its immediate area and neighborhood, ranking in the top 9% locally. The house itself, built in 1954, is modest in size at 926 sqft but features a renovated basement, adding functional living space. A detached garage provides additional storage or workshop potential.
The primary appeal lies in its land value and location-based affordability. Its assessed value is notably above average for both Parkview Street and the wider King Edward area, suggesting strong underlying property value relative to its peers. This combination suits buyers looking for a starter home or a long-term hold with room to grow outdoors, perhaps for gardening, pets, or future expansion. It’s a grounded choice for those who prioritize lot size over a large existing footprint and see potential in a home that has already seen some updates, like the basement.
Section 2: Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 926 sqft, the living area is slightly below the local street average and more notably below the Winnipeg city-wide average for comparable homes. This is offset by the renovated basement and the very large lot.
2. Why is the assessed value higher than many neighbors?
The assessed value ranks in the top 20% on its street and top 17% in King Edward. This is likely driven by the substantial lot size, the renovated basement, and recent market activity in the area, as seen with nearby sales.
3. What does the lot size actually offer?
At over 5,400 sqft, the lot is a standout feature. It provides ample private outdoor space, which is less common in established neighborhoods, and offers flexibility for recreation, landscaping, or potential future additions, subject to zoning.
4. How does the sale history inform the current value?
The home sold in August 2020 for an estimated $255k-$285k. Given that the current assessed value is $321k, this indicates significant appreciation over the past few years, aligning with broader market trends. It’s a useful benchmark for understanding the property’s trajectory.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home with modern, open-concept layouts or those needing substantial above-grade square footage immediately. The appeal is more for those comfortable with a compact main floor who value the long-term asset of a large lot in a central location.
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