Property score
59.9
Fair
Overall 59.9 · Larger and newer than most nearby homes
1,286 sqft (top 7%) · Built in 1945 (1 yr newer than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 24 dining spots, 2 healthcare facilitys, 3 shops, and 5 parks nearby
Living Area
Above average
41% 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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59.9 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
316 Madison Street — 40 amenities found within 500 m, across 6 categories, including 24 dining (nearest 85 m), 2 healthcare (nearest 194 m), 3 shopping (nearest 214 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 31% | Top 44% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 316 Madison Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, presents a solid opportunity in Winnipeg's Kensington neighborhood. Its primary appeal lies in its above-average proportions for the immediate area. With 1,286 sqft of living space, it ranks in the top 10% for size on Madison Street itself, offering more room than most neighboring homes. This is complemented by a generous 4,772 sqft lot, which is also larger than most on the street and in Kensington, providing valuable outdoor space and potential.
The home’s assessed value is notably modest compared to the Winnipeg city-wide average, which suggests a more accessible entry point into the market. This combination—more interior and land space than local peers, at a value-oriented assessment—creates a distinct proposition. It would suit a practical buyer looking for a character home with room to grow or customize, who prioritizes lot size and living space within a specific community over a newer build. A thoughtful perspective is that this property represents a "larger fish in a smaller pond," offering the benefits of space and established neighborhood character that can be harder to find at this value point in more uniformly modern areas.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This is common for older homes in established neighborhoods. The assessment reflects factors like the home's age, construction, and local market values in Kensington, not the soaring averages of newer city developments.
2. What does "above average for the street" really mean for me?
It means that compared to the homes directly around it, this property offers more living space and a larger lot. You're getting a relatively spacious property within its own immediate context, which can be a advantage for privacy, expansion, or outdoor use.
3. Are there any concerns with a home built in 1945?
As with any home of this age, a thorough inspection is essential. While it has stood the test of time, you should budget for potential updates to systems like wiring, plumbing, or insulation to meet modern standards and efficiency.
4. The sold price history shows a range. How can I get the exact figure?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request the precise history via email from the service; they provide this data manually without using your contact for spam.
5. What is the significance of having a detached garage?
A detached garage offers flexible utility—it can be used for vehicle storage, a workshop, or additional storage without impinging on your living space. It also presents future potential, though any significant conversion would require proper permits.
