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 · 3-min walk to transit with 4 nearby routes · Within 500m: 9 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
391 Madison Street — 26 amenities found within 500 m, across 7 categories, including 9 dining (nearest 348 m), 1 education (nearest 285 m), 2 healthcare (nearest 429 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 27% | Top 39% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
391 Madison Street is a compact, one-storey home in Winnipeg's Kensington neighbourhood. Built in 1945, it sits on a roughly 4,447 sqft lot with a detached garage. The 700 sqft living area is notably smaller than typical homes in the city, but is more in line with the scale of its immediate street and area. Its assessed value is modest and average for Kensington, suggesting a lower property tax burden relative to much of Winnipeg. The home last sold in late 2021.
Key Characteristics & Appeal
This property’s primary appeal lies in its efficiency and location. It represents a straightforward, lower-maintenance entry point into the Kensington area. The home is best suited for a first-time buyer, a downsizer, or an investor seeking a manageable rental property. Its smaller size means lower utility costs and less upkeep, while the lot size is fairly standard for the area, offering adequate outdoor space.
A less obvious perspective is its relative vintage. While an 81-year-old home will require careful inspection for aging components, its build year is actually above average for Madison Street and Kensington, potentially indicating a well-established, stable streetscape. The data suggests you are paying primarily for the land and location rather than the structure itself, which could appeal to someone viewing it as a long-term hold with future redevelopment potential.
Frequently Asked Questions
1. Is the living space too small?
At 700 sqft, the home is significantly smaller than the Winnipeg average. It would suit a single person, a couple, or someone comfortable with a very efficient layout. It’s below average even for its own street, so buyers should prioritize viewing it in person to gauge if the space meets their needs.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value (~$21,300) is based on the property's market value for tax purposes. It is average for Kensington but far below the city average because it reflects a smaller, older home in a mature neighbourhood, compared to newer, larger homes in developing areas.
3. What should I know about a house built in 1945?
Prospective buyers must budget for potential updates to older systems like wiring, plumbing, and insulation. A thorough home inspection is essential. On the positive side, homes of this era in established neighbourhoods often feature solid construction and mature landscaping.
4. How does the last sold price (2021) help determine current value?
The late-2021 sale price provides a historical benchmark, but market conditions have likely changed. It’s a useful data point for understanding trends, but a current market evaluation or comparative market analysis (CMA) from a realtor is necessary to determine today’s value.
5. What are the advantages of a detached garage on this property?
The detached garage offers valuable storage or workshop space separate from the house. For a smaller home, this provides crucial flexibility. It also presents potential for creative use (e.g., a hobby space) without encroaching on the primary living area.
