54.6
Fair
Property score
54.6
Fair
Overall 54.6
Compared with neighbourhood average
803 sqft (bottom 31%)
Built in 1918 (30 yrs older than avg)
Located in a high-income area
with median household income of ~94k
Transit 70.0
1-min walk to transit with 1 nearby route
Within 500m: 1 dining spot, 1 school, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
16% smaller than neighborhood avg.
Year Built
Near average
30 yrs older 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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54.6 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
533 Collegiate Street — 5 amenities found within 500 m, across 3 categories, including 1 dining (nearest 401 m), 1 education (nearest 465 m), 3 parks (nearest 129 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 38% | Top 37% | Bottom 29% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 27% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 533 Collegiate Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on Collegiate Street in the King Edward neighbourhood presents a straightforward, value-oriented opportunity. Its key characteristic is its proportion: a modest 803 sqft house on a larger-than-average 4,340 sqft lot for the immediate area. Built in 1918, it’s a century-old property with an unrenovated basement and a detached garage. The appeal lies in its positioning as an affordable entry point into the Winnipeg market, with an assessed value significantly below the citywide average. The lot size offers tangible potential for expansion, gardening, or outdoor space that is uncommon for homes in its price range.
It would best suit a practical, hands-on buyer—perhaps a first-time homeowner comfortable with a project, or an investor looking for a land-value play. Its below-average living space and dated features mean it’s not a move-in-ready dream home, but for the right person, it represents a canvas. A less obvious perspective is its statistical averageness within its own street and neighbourhood context; it’s not an outlier, but a typical example of the area’s housing stock, which can be a positive for stability and predictable costs.
Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value is $23,600, which is below the city average but typical for King Edward. Recent sold price data (ranging from ~$25.5k to $28.5k in 2023) suggests the market price may trend slightly higher than the assessment, but still represents a very low price point for a detached house in Winnipeg.
2. Is the small living area a major drawback?
At 803 sqft, the living area is below averages for the street, neighbourhood, and city. This suits a minimalist household or someone viewing the house as a starting point. The larger lot provides a trade-off, offering space to potentially add on in the future, subject to zoning and permits.
3. What should I know about a house built in 1918?
Expect older building materials, systems, and layouts. While it has stood for over a century, a thorough inspection is crucial to understand the condition of the foundation, wiring, plumbing, and insulation. The "unrenovated basement" status implies it may be in original condition.
4. How does this property compare to others nearby?
The data shows this home is statistically average in most metrics (like assessed value and year built) for Collegiate Street and King Edward. Its lot size is actually above average for the local area. This indicates you are buying into the established norm of the block, not an anomaly.
5. Why is the citywide average assessed value so much higher?
The citywide average benchmark provided (~$390k) includes all types of homes across all neighbourhoods. This property’s assessed value is in the bottom 15% citywide, highlighting its position as one of the more affordable detached properties available, albeit likely requiring updates or maintenance.
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