Property score
43.4
Below average
Overall 43.4 · 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 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 10 dining spots, 1 school, 2 healthcare facilitys, and 5 shops 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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43.4 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
383 Madison Street — 27 amenities found within 500 m, across 7 categories, including 10 dining (nearest 325 m), 1 education (nearest 309 m), 2 healthcare (nearest 416 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 | Bottom 23% | Bottom 15% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
383 Madison Street is a compact, one-storey home in Winnipeg's Kensington neighbourhood. Built in 1945, its key characteristic is its modest 700 sqft living area, which is notably smaller than most homes on its street, in Kensington, and across the city. This is balanced by a lot size of just under 4,500 sqft, which is typical for the local area. The home's assessed value is very low compared to the city-wide average, but aligns closely with the averages for Madison Street and Kensington.
The appeal lies in its potential as an affordable entry point into the market or a low-maintenance property. It suits a specific buyer: someone seeking a minimal footprint, possibly a first-time buyer comfortable with a renovation project, or an investor looking for a rental property with a character foundation and a standard city lot. A less obvious perspective is that its older vintage (ranking in the top 7% for age on its street) may appeal to those valuing the charm and construction quality of a pre-war home, while its smaller size presents an opportunity for a thoughtful, efficient expansion or a sustainable, lower-energy lifestyle.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
This is a compact, one-storey character home typical of its era. Its size is below average for the immediate area, which is part of what positions it as an affordable option, but it sits on a standard city lot.
2. How can the assessed value be so low compared to the city average?
The assessed value reflects the property's specific characteristics—its smaller size, age, and the local market in Kensington. It is important to note that this value is in line with neighbouring properties on Madison Street and is used for tax purposes, not necessarily market value.
3. What does the "Top 7%" ranking for Year Built mean?
On Madison Street, this home is among the oldest 7% of comparable properties, meaning it was built earlier than 93% of its direct neighbours. This indicates a well-established street with classic homes.
4. Is the lot size a pro or a con?
It is typical for Kensington. At 4,447 sqft, it provides a standard outdoor space for the neighbourhood, which is a positive for gardening or expansion potential, but it is not an exceptionally large lot.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed in detail. The listing service offers to provide this information directly via email upon request, as noted in the sold price history section.
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