Property score
44.1
Below average
Overall 44.1 · Smaller but newer than most nearby homes
700 sqft (bottom 18%) · Built in 1945 (1 yr newer than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 23 dining spots, 4 healthcare facilitys, 3 shops, and 5 parks nearby
Living Area
Below average
23% smaller than neighborhood avg.
Year Built
Above average
1 yrs newer than neighborhood avg.
Mother tongue
English · 69%Tagalog · 13%
Past 10 years Kensington sales snapshot (~80% of all data)
54
250.3k
$267/sqft
1944
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44.1 is composed by the two sections below.
Property Score
Community Score
Kensington
How to read: Share of sales in each ~$50k price band for “kensington” (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: #46110246
$75K
Median household income
$85K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
28%
Single-person households
21%
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
302 Madison Street — 42 amenities found within 500 m, across 7 categories, including 23 dining (nearest 24 m), 4 healthcare (nearest 135 m), 3 shopping (nearest 226 m).
Kensington · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
83%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Bottom 44% | Bottom 8% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 27% | Bottom 17% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 302 Madison Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1945, situated on a notably large lot for its Kensington neighborhood. With 700 sqft of living space, it is significantly smaller than average homes in Winnipeg, but its 4,773 sqft land parcel ranks in the top 2% on its own street. The property has a very low municipal assessed value compared to city-wide averages, reflecting its modest improvements. Recent sold price history indicates a consistent, entry-level price point.
Its primary appeal lies in the land itself—offering a rare opportunity for a large yard, garden space, or future expansion in an established area. The home suits a specific buyer: those seeking an affordable foothold in the city, willing to live minimally or undertake renovations. It could also appeal to an investor looking for a land-value play or a very budget-conscious rental property. A less obvious perspective is that its small size and low operating costs align with a minimalist or downsizing lifestyle, while its age suggests potential character, but also likely requires updates.
Frequently Asked Questions
1. Is this a "tear-down" property?
While the home is small and older, the data doesn't dictate its fate. The large lot certainly makes redevelopment or a significant addition feasible, but the existing structure may also be suitable for renovation, depending on a buyer's goals and budget.
2. Why is the assessed value so much lower than the city-wide average?
Municipal assessments primarily reflect the value of the property as it currently exists. The low assessment here is directly tied to the home's small size, age, and modest condition compared to the broader Winnipeg market, which includes many larger, newer homes.
3. The home is smaller than most. How does the lot size compare?
This is the property's standout feature. The lot is exceptionally large for both Madison Street and the Kensington area, ranking in the top 2% and 16% locally, respectively. You are purchasing primarily for the land.
4. What can recent sold prices tell me?
The sold price ranges from 2021 and 2022 show the property transacting at a stable, entry-level price point that aligns closely with its low assessed value. This consistency suggests a market valuing it for its land and as-is condition.
5. Who would this property not suit?
It would likely not suit buyers seeking a move-in ready home, modern finishes, or substantial living space without major investment. Families needing multiple bedrooms or those unwilling to consider renovation or rebuilding should look elsewhere.
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