Property score
41.2
Below average
Overall 41.2 · Smaller than most nearby homes
746 sqft (bottom 26%) · 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
Below average
18% smaller 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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41.2 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
394 Madison Street — 27 amenities found within 500 m, across 7 categories, including 9 dining (nearest 373 m), 1 education (nearest 258 m), 2 healthcare (nearest 479 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 46% | Bottom 37% | Bottom 6% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 19% | Bottom 13% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 394 Madison Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a modestly-sized lot in the Kensington neighborhood. Its key characteristic is its affordability, reflected in a living area of 746 sq ft and an assessed value significantly below local and city-wide averages. The appeal lies squarely in its position as an accessible entry point into the Winnipeg market. It suits a very specific buyer: those seeking the lowest possible price point for a standalone house, willing to take on a home that will likely require updates and modernization. A thoughtful perspective is that the very small size and low assessed value could represent a manageable property tax burden, and the lot, while below average for the street, still offers outdoor space uncommon in condo living. This is not a move-in-ready home for most, but a foundational project for a hands-on buyer, an investor looking for a basic rental property, or someone prioritizing minimal monthly carrying costs over space and modern finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's characteristics—its age, small size, and lack of modern upgrades like a finished basement or garage. It reflects the market value for a very basic, no-frills home in its current condition.
2. What does the "rank" and "Top X%" data mean for living area and value?
This data compares the home to similar properties. For example, its living area is ranked 44th out of 58 on its own street, meaning 43 houses are larger. Being in the "Top 76%" means only 24% of houses on the street are smaller. This quantifies how its size and value sit relative to immediate neighbors and the broader area.
3. Has the property's value increased since the last sale?
Based on the sold price ranges shown, the property sold for between $13.5k-$18.5k in 2016 and again for between $15.5k-$18.5k in 2019. The current assessed value of $16.7k falls within that recent sale range, suggesting stable, modest value in this tier.
4. What are the main considerations for a buyer looking at this home?
A buyer should budget for ongoing maintenance typical of a 108-year-old home and potential renovations to modernize systems and finishes. The absence of a basement, garage, or pool means very simple utilities and low maintenance, but also no additional storage or living space.
5. Who would this property not be suitable for?
It would not suit buyers looking for a turn-key home, those who need multiple bedrooms or ample living space, or anyone who prioritizes modern amenities and energy efficiency without immediate renovation plans.
