Property score
51.3
Fair
Overall 51.3 · Newer than most nearby homes
937 sqft (top 39%) · Built in 1945 (1 yr newer than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 24 dining spots, 2 healthcare facilitys, 3 shops, and 5 parks nearby
Living Area
Near average
3% larger 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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51.3 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
314 Madison Street — 40 amenities found within 500 m, across 6 categories, including 24 dining (nearest 73 m), 2 healthcare (nearest 182 m), 3 shopping (nearest 225 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 12% | Top 24% | Bottom 23% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 31% | Bottom 22% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 314 Madison Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Kensington is defined by its generous, above-average lot size of nearly 5,000 sq ft, offering more outdoor space than most properties on its street and in the wider neighborhood. Built in 1945, it is notably older than the Winnipeg average but is actually one of the newer homes on its block. With 937 sq ft of living space, it provides a comfortable footprint that is typical for the immediate area. The home presents a value-oriented entry point, with a current assessed value significantly below the citywide average. Its appeal lies in the potential of its sizable lot in an established community, coupled with the lower property tax burden associated with its assessment. This property would suit a first-time buyer, an investor, or a hands-on owner looking for a character home with room to grow, garden, or expand, who is comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value ($18,700) is for municipal tax purposes. Recent sales data suggests the market price is higher, with the home selling in the $235k-$265k range in mid-2024.
2. What does the "Top X%" ranking mean for the lot size?
Rankings compare this home to specific groups. Its lot ranks in the "Top 9%" on Madison Street, meaning 91% of lots on the street are smaller. In Kensington, it's in the "Top 19%," indicating it's larger than most in the neighborhood, which is a key advantage.
3. As an older home, what should I consider?
Built in 1945, major systems like roof, wiring, plumbing, and insulation may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and prioritize any necessary updates for comfort and efficiency.
4. Why is the citywide assessed average so much higher ($390k)?
The citywide average includes all property types, sizes, and newer neighborhoods. This home's assessment is more aligned with its specific characteristics and the modest scale of many older Winnipeg neighborhoods, not with newer, larger suburban homes.
5. There's no garage. How is parking?
The listing notes no garage. You should investigate on-street parking permits, regulations, and typical availability on Madison Street, as well as the feasibility and cost of adding a driveway or parking pad to the large lot.
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