55.1
Fair
Property score
55.1
Fair
Overall 55.1
Newer than most nearby homes
840 sqft (bottom 43%)
Built in 2018 (74 yrs newer than avg)
Located in a above-average income area
with median household income of ~74.5k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 20 dining spots, 1 school, 2 healthcare facilitys, and 4 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
74 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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55.1 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
349 Madison Street — 36 amenities found within 500 m, across 7 categories, including 20 dining (nearest 198 m), 1 education (nearest 442 m), 2 healthcare (nearest 297 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 4% | Top 2% | Top 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 8% | Bottom 6% | Bottom 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 349 Madison Street, Winnipeg
Key Characteristics & Appeal
This 840 sqft, one-storey home in Kensington stands out for its modern foundation in an established neighborhood. Built in 2018, it is a notably newer construction compared to most homes on its street and in the wider area, which largely date to the 1940s. This suggests modern building systems, minimal immediate repair needs, and energy efficiency. The home sits on a standard-sized lot for the area (approx. 4,450 sqft) and features a renovated basement.
Its primary appeal lies in its compelling value proposition. The home's assessed value ranks in the top 2% locally, indicating it is viewed as a premium property within Kensington and on Madison Street itself. However, recent sale prices suggest it transacts at a point that makes it accessible, especially when compared to the city-wide average home value. This creates an interesting dynamic: you're acquiring a top-tier asset within the immediate community without the premium of a city-wide elite price tag.
This property would suit a first-time buyer or downsizer seeking a modern, low-maintenance home without venturing to the distant suburbs. It’s also a pragmatic choice for an investor looking for a newer property in a stable, central neighborhood, likely appealing to tenants wanting modern amenities. The appeal is less about grandeur—the living space is modest—and more about smart, efficient living in a well-positioned locale.
Frequently Asked Questions
1. Why is the assessed value so high compared to the recent sale price?
The assessed value is exceptionally high for the immediate area, ranking #1 on Madison Street. This typically reflects the property's modern build (2018) and renovated condition compared to its older neighbors. The sale price, while higher than its 2017 sale, aligns more closely with the practical market for a smaller home, creating a perceived value opportunity.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a modern utility area, or includes a legal suite.
3. How does the lack of a garage affect daily living and value?
The property has no garage, which is common for many older Winnipeg neighborhoods. Buyers should consider on-street parking availability and winter implications. The value impact is already reflected in its local market price, keeping it accessible.
4. The home sold for much more in 2024 than in 2017. Is this just market growth?
While the market has appreciated, the significant increase also aligns with the home being newly built in 2018. The 2017 sale was likely for the vacant lot or a pre-construction transaction, making the 2024 price the first true resale of the completed modern home.
5. The living area is below the city average. Is the space practical?
At 840 sqft, the living area is efficient and comparable to many condos, but spread over one storey with a basement. It requires thoughtful space management. The trade-off is gaining a newer, more efficient building without the higher costs associated with larger new constructions.
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