Property score
61.2
Fair
Overall 61.2 · Smaller but newer than most nearby homes
777 sqft (bottom 26%) · Built in 2008 (60 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 4 parks nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Above average
60 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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61.2 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
508 Collegiate Street — 5 amenities found within 500 m, across 2 categories, including 1 education (nearest 462 m), 4 parks (nearest 60 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 30% | Top 28% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 508 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This 2008-built bi-level home at 508 Collegiate Street presents a compelling mix of modern convenience and valuable land. With 777 sqft of living space, the home is compact and efficient, featuring a renovated basement. Its standout feature is the generous 5,423 sqft lot, which is significantly larger than most in the immediate King Edward neighbourhood and on Collegiate Street itself. This combination of a newer, low-maintenance home on a sizable plot is reflected in its above-average assessed value for the area.
The appeal here is rooted in practicality and potential. It suits first-time buyers or downsizers seeking a modern, manageable home without a hefty renovation list. The large lot is a major asset, offering ample outdoor space for gardening, play, or future expansion—a rarity for homes of this vintage in the city. It’s a property that prioritizes the value of land and a solid, newer structure over sheer interior square footage, making it ideal for those who see outdoor space as a key part of their lifestyle or long-term investment.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 777 sqft, the living area is below the average for both the street and the wider King Edward neighbourhood. This indicates a efficient, compact layout suited to simpler living.
2. Why is the assessed value relatively high for a smaller home?
The assessed value ranks well above local averages, primarily due to the home’s newer construction (2008) and its substantially larger-than-average lot size, which are key factors in property valuation.
3. What does the large land area mean for a buyer?
The 5,423 sqft lot is a defining feature. It offers valuable outdoor space for recreation and gardening, and provides a tangible asset for the future, whether for personal enjoyment or potential property development.
4. Is the renovated basement included in the living area square footage?
Typically, finished basements are not included in official living area (sqft) calculations. The 777 sqft likely refers to above-grade space, with the renovated basement adding additional functional living area.
5. How does the property’s age affect its condition?
Built in 2008, the home is significantly newer than the neighbourhood average (often homes from the 1940s-50s). This suggests major systems like wiring, plumbing, and the roof are likely in good condition, reducing immediate repair concerns.
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