325 Madison Street

Kensington, Winnipeg

Property score

57.8

Fair

Overall 57.8 · Larger and newer than most nearby homes

1,141 sqft (top 16%) · 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 · 3-min walk to transit with 3 nearby routes · Within 500m: 24 dining spots, 2 healthcare facilitys, 3 shops, and 5 parks nearby

Living Area

Above average

25% 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)

Sold Count

54

Median price

250.3k

$/sqft

$267/sqft

Avg build year

1944

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Property score

57.8 is composed by the two sections below.

Property Score

53.1Fair
Living Area1,141 sqft60Fair
Year Built194530Low
Lot Size4,563 sqft60Fair
Neighbourhood Sales Activity42Low

Community Score

64.8Fair
Household Income74Good
Education Level34Low
Housing Stress74Good
Core Housing Need76Good
Employment Health60Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110246

Community deep dive

$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

Population, labour & age

Population (2021)590
Labour force participation rate68%
Median age34.0
Avg household size2.6
Unemployment rate13%
Population density2681 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households28%
Couple families with children21%
Median household income (2020)$75K

Housing

Renter households24%
Condominium dwellings0%
Median dwelling value (owners)$250K

Diversity, education & language

Immigrants (share of pop.)24%
Visible minority35%
Bachelor's or higher (25–64)16%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Tagalog · 12%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,141 sqft
0255075100
Same streetTop 22%Same areaTop 16%CitywideBottom 44%
Same street · Madison Street
#13 / 58
Top 22% · Avg 960 sqft
Same area · Kensington
#20 / 127
Top 16% · Avg 914 sqft
Citywide · Winnipeg
#109,087 / 194,458
Bottom 44% · Avg 1,342 sqft

Tax-Assessed Value

above average
245k
0255075100
Same streetTop 19%Same areaTop 31%CitywideBottom 16%
Same street · Madison Street
#11 / 58
Top 19% · Avg 213.6k
Same area · Kensington
#40 / 127
Top 31% · Avg 222.4k
Citywide · Winnipeg
#163,299 / 194,458
Bottom 16% · Avg 390.1k

Year Built

above average
1945
0255075100
Same streetTop 7%Same areaTop 29%CitywideBottom 22%

Lot Size

around average
4,563 sqft
0255075100
Same streetTop 47%Same areaTop 36%CitywideBottom 35%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

325 Madison Street — 40 amenities found within 500 m, across 6 categories, including 24 dining (nearest 127 m), 2 healthcare (nearest 222 m), 3 shopping (nearest 161 m).

Search radius
🍽️Dining24
🏥Healthcare2
🛒Shopping3
🌳Parks5
🏦Finance3
Fuel Stations3

Crime & Safety

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%

Sales History

Sold 9/2020CA$250k–300k
Sold price

Same street

Top 8%

Same area

Top 22%

City-wide

Bottom 23%
Sold 3/2018CA$150k–200k
Sold price

Same street

Top 46%

Same area

Bottom 41%

City-wide

Bottom 7%

Related homes

Highlights & common questions: 325 Madison Street, Winnipeg

Property Summary: 325 Madison Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Kensington presents a compelling blend of established character and relative value. Built in 1945, it is notably older than many city homes, yet it is among the newer properties on its own street, suggesting a well-established, stable neighborhood. With 1,141 sqft of living space, it offers more room than most comparable homes in both the immediate area and the wider Kensington neighborhood, providing a sense of space that can be rare for the price point.

Its primary appeal lies in its strong positioning within the local context. The home ranks above average for both living area and assessed value on Madison Street itself, indicating it is a solid performer in its specific micro-market. For a buyer prioritizing the Kensington area, it represents a home that is physically larger than many alternatives. The lot size is typical for the area, offering standard outdoor space without excessive maintenance.

This property would suit a pragmatic first-time homebuyer or an investor looking for a character home in a mature neighborhood without paying a city-wide premium. It’s for someone who values neighborhood comparables over city-wide averages, understanding that a home that stands out favorably on its own street can represent a smart, grounded purchase. The historical sold price data suggests steady appreciation, appealing to those with a long-term view.


Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value of $24.5k is for municipal tax purposes and is historically low for Winnipeg. Market value is determined by what buyers are willing to pay, as hinted at by the prior sold prices in the $23.5k-$26.5k range. Always rely on a current market evaluation.

2. How does the age of the home (1945) affect it?
While older than the Winnipeg average, it’s actually newer than many homes on Madison Street. This means potential for classic construction quality but also necessitates a thorough inspection for aging components like wiring, plumbing, and the roof, common for homes of this era.

3. The home has no basement or garage. How big of a drawback is this?
This limits storage and utility space. It suits buyers looking for a simpler, lower-maintenance footprint but requires creative storage solutions. The value is concentrated in the main living areas and the lot.

4. The city-wide rankings for value and year built seem low. Should I be concerned?
Not necessarily. This highlights the importance of local context. The home is priced for its specific neighborhood, not the entire city. Its stronger rankings within Kensington and on Madison Street itself are more relevant for livability and local resale.

5. Where can I see the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you must request this information via email from the service, which provides the precise figures manually.

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