King Edward, Winnipeg - October 2026 Real Estate Report
King Edward, Winnipeg: What Your Neighbour Hasn't Told You Yet
If you've been watching the "For Sale" signs on your block and wondering what's actually going on, here's the straight story. King Edward is moving. It's not the flashiest neighbourhood in Winnipeg right now, but the numbers tell an interesting story - and a few of them should get your attention before summer hits.
The Vibe: Houses vs. Condos
Houses - More Action Than You'd Think
We saw 10 houses sell last month - that's up 42.9% from the month before. The average sale price landed at $335,620, which is a 22.2% jump from last month. Before you get too excited, listings are averaging $280,550, and homes are selling at about 97 cents on the dollar. So buyers are getting a slight discount, but sellers are still moving product.
- Average sale price: $335,620 (up 22.2% from last month)
- Average list price: $280,550
- Sale-to-list ratio: 96.97% - buyers are paying just under asking
- Average days on market: 37 days
- Price per square foot: $355
- Properties sold last month: 10
Thirty-seven days on market is not a fire sale pace, but it's not collecting dust either. On the Winnipeg leaderboard, our days-on-market ranks 36 out of 78 neighbourhoods - solidly in the faster half of the city. For growth, we sit at 93 out of 191 neighbourhoods, which puts us in above-average territory. Not top of the class, but we're not at the back of the room either.
Condos - A Quieter Story
The condo side of King Edward is a different picture. Only one condo sold last month, at $136,400, against a list price averaging $182,400. That sale-to-list ratio of 95.19% means the buyer got a real discount. This is a buyers' market for condos, full stop.
- Average sale price: $136,400
- Average list price: $182,400
- Sale-to-list ratio: 95.19%
- Average days on market: 34 days
- Price per square foot: $197
- Properties sold last month: 1
On the Winnipeg condo leaderboard, King Edward ranks 119 out of 126 neighbourhoods for price - which means we're among the most affordable condo options in the city. If you're a buyer, that's a feature. If you're a condo seller, you need to price sharp and be patient. Growth ranks 121 out of 175 for condos, which is below average. The condo market here is taking a breather.
The Secret Sauce: Your HonestDoor Price vs. That Old Assessment
Here's why this matters right now. The city's assessed value on your property is a snapshot from the past - it doesn't move with the market in real time. The HonestDoor Price does.
For houses in King Edward, the average HonestDoor Price is $299,919, up 0.20% from the previous period. The predicted market value for houses sits at $299,308 - but that number is currently drifting down from a 3-month moving average of $301,506. Values have shifted -1.40% recently. That's not a crash, but it's a signal worth watching.
For condos, the HonestDoor Price is $394,244, up a stronger 3.17% from the previous period. The predicted market value is $382,125, down from a 3-month average of $387,101, with a recent change of -2.20%.
The point is simple. If you're relying on your last tax assessment to know what your home is worth today, you're flying blind. The HonestDoor Price is the real-world check - updated, data-driven, and not stuck in the past.
The "So What?" - Thinking About Selling This Summer?
If you own a house in King Edward and you're thinking about listing this summer, the conditions are workable. Prices jumped hard last month, sales volume is up, and we're moving faster than most of Winnipeg. The rental yield on houses is sitting at 5.99% - that's a strong number that makes your property attractive to investor buyers too, not just families looking to move in.
A few things to keep in mind before you plant that sign in the lawn:
- Homes are selling below asking - price it right the first time, not optimistically
- 37 days on market means you need a plan for about five weeks of showings
- Nearby neighbourhoods like Bruce Park ($402,690) and Kensington ($402,339) are priced significantly higher - King Edward offers real value by comparison, which is a selling point you can use
- Check your HonestDoor Price before you call an agent - walk into that conversation knowing your number
If you own a condo here, be realistic. One sale last month, buyers paying 5% under asking, and below-average growth. That doesn't mean you can't sell - it means you need to price it to move and not leave it sitting. The good news is that at $197 per square foot, King Edward condos are genuinely affordable in this city, and that attracts first-time buyers who are very active right now.
Bottom line - King Edward is not the hottest postal code in Winnipeg, but it's a real neighbourhood with real activity. Know your numbers, price honestly, and you'll find your buyer.
king edward | winnipeg | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.