Property score
58.8
Fair
Overall 58.8 · Larger than most nearby homes
1,300 sqft (top 6%) · Built in 1918 (26 yrs older 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: 9 dining spots, 1 school, 2 healthcare facilitys, and 4 shops nearby
Living Area
Above average
42% larger than neighborhood avg.
Year Built
Below average
26 yrs older 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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58.8 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
386 Madison Street — 27 amenities found within 500 m, across 7 categories, including 9 dining (nearest 336 m), 1 education (nearest 294 m), 2 healthcare (nearest 443 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 38% | Bottom 31% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 386 Madison Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a classic character property with a practical footprint. Its key appeal lies in its above-average living space for the immediate area. At 1,300 square feet, it offers more room than most comparable homes in the Kensington neighborhood and on Madison Street itself, ranking in the top 7% locally for size. This makes it a notably spacious option within its historic context.
The property suits a specific buyer: someone seeking an affordable entry into homeownership or an investor looking for a value-oriented project. The assessed value is significantly below averages for the street, neighborhood, and city, suggesting a lower property tax burden and potential value opportunity. The existing basement is noted as unrenovated, indicating room for customization or future expansion. The lot, while smaller than some on the street, is fairly typical for Kensington. This home is not a modern, turn-key property; its appeal is grounded in its generous interior space for the area, its character, and its position as a canvas for someone willing to take on updates over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value for property taxes is not the same as market value. This assessment reflects the property's older age, specific condition, and likely the unrenovated state of the basement and other areas, resulting in a lower tax valuation compared to newer or fully updated homes citywide.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor and a second floor under a sloped roof, where the ceiling height may be lower in parts. It's a common design for homes of this era and often provides cozy, character-filled bedrooms, but may have less uniform space than a full two-storey.
3. The home is older—what should I be most concerned about?
While systems like roofing, plumbing, and electrical may have been updated over the years, a 1918 home requires a thorough inspection. Particular attention should be paid to the foundation, the condition of the original materials, and the state of the unrenovated basement for moisture or structural issues.
4. How does the sold price history help me?
The past sale range gives a historical benchmark, but it's from 2019. The market has changed since then. This data is most useful for understanding the property's previous price point, not for determining its current value, which depends heavily on present condition and market dynamics.
5. There's no garage. Is parking an issue in this area?
The listing notes no garage. In many older Winnipeg neighborhoods like Kensington, on-street parking is common. You should verify the specific parking regulations for Madison Street, especially during winter parking bans, to ensure it meets your needs.
