Property score
43.7
Below average
Overall 43.7 · Smaller and older than most nearby homes
725 sqft (bottom 21%) · Built in 1959 (37 yrs older than avg)
Located in a above-average income area with median household income of ~71k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 3 parks, and 4 place of worships nearby
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ
Below average
3% smaller than neighborhood avg.
ਤਰੀਕ ਤੋਂ ਬਣਿਆ
Below average
37 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 3%
Past 10 years Victoria West sales snapshot (~80% of all data)
28
161k
$212/sqft
1996
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43.7 is composed by the two sections below.
Property Score
Community Score
Victoria West
How to read: Share of sales in each ~$50k price band for “victoria west” (ਕੋਂਡੋ, 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: #46110832
$71K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
36%
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.
ਸਾਲ: ਨਵਾਂ = ਬਿਹਤਰ ਰੈਂਕ
ਰਹਿਣ ਖੇਤਰ: ਵੱਡਾ = ਬਿਹਤਰ ਰੈਂਕ
ਮੁਲਾਂਕਣ: ਉੱਚਾ ਮੁੱਲ = ਬਿਹਤਰ ਰੈਂਕ
ਬਾਰ: ਭਰਨ ਦੀ ਲੰਬਾਈ ≈ ਤੁਸੀਂ ਕਿੰਨੇ ਸਹਿਪਾਠੀਆਂ ਨੂੰ ਪਛਾੜਦੇ ਹੋ; ਧੁਰੀ ਉੱਤੇ ਲਾਲ → ਪੀਲਾ → ਨੀਲਾ ਗਰੇਡੀਐਂਟ (ਖੱਬੇ ਤੋਂ ਸੱਜੇ)। ਟੂਟੀ ਲੰਬਵਤ ਲਕੀਰ ≈ ਮੀਡੀਅਨ ਬੈਂਚਮਾਰਕ; ਚਿੱਟਾ ਟਿਕ (ਹਲਕੀ ਛਾਂ) = ਤੁਹਾਡੀ ਸਥਿਤੀ। ਬੈਜ ਰੰਗ / diamond ਤੇ flame ਆਈਕਨ ਅਜੇ ਵੀ ਟਾਇਰ ਦੇ ਅਨੁਸਾਰ।
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.
ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ
Dining, education, healthcare, shopping & more
2-506 Madeline Street — 7 amenities found within 500 m, across 2 categories, including 3 parks (nearest 105 m).
Victoria West · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
56%
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਹੇਠਲੇ 1% | ਹੇਠਲੇ 11% | ਹੇਠਲੇ 3% |
Request exact figures by email
Address · Year Built · Living Area
ਪਤਾ · ਦੂਰੀ
Property Overview
This 725 sqft property at 2-506 Madeline Street in Victoria West presents a specific value proposition. Its key characteristic is a notably low property tax assessment value of $113,000, which places it in the bottom 3% city-wide for comparable properties. This is the defining financial feature. The living space is modest, below both the neighbourhood and city averages, but is close to the average for Madeline Street itself. Built in 1959, it is older than most homes in Winnipeg but is typical for its immediate street.
The appeal lies squarely in affordability and low carrying costs. The extremely low assessed value suggests significantly lower annual property taxes compared to most homes in Winnipeg, which is a major, long-term financial advantage. It suits practical, budget-conscious buyers such as first-time homeowners seeking an entry point into the market, investors looking for a rental property with minimized tax overhead, or downsizers prioritizing fixed cost reduction. It’s a functional choice over a luxurious one, offering the chance to own in a central neighbourhood with the trade-off of a smaller, older home.
Frequently Asked Questions
1. What does the low tax assessment really mean for me?
It directly translates to lower annual property tax bills. With an assessment nearly 56% below the Winnipeg average for similar properties, your ongoing municipal tax costs will be substantially reduced, improving monthly cash flow.
2. Is the smaller living space a significant drawback?
That depends on your needs. At 725 sqft, it’s efficient and manageable, which can mean lower utility costs and less upkeep. It would suit individuals, couples, or those comfortable with compact, minimalist living. It may feel constrained for a family or anyone requiring a home office or ample storage.
3. The home was built in 1959. Should I be concerned?
The age is a factor to investigate, not an automatic red flag. While it’s older than most city homes, it’s average for its street. A thorough inspection is crucial to understand the condition of major systems (roof, wiring, plumbing, foundation) and what updates, if any, have been made. Budgeting for maintenance is prudent.
4. How does this property compare to others on the street?
The data shows it’s very typical for Madeline Street in terms of size and age, but it has one of the lowest tax assessments on the block. This could mean it’s a relative bargain on the street, or it may reflect differences in condition, finishes, or lot specifics that the assessment captures.
5. Who might this property not be suitable for?
It’s likely not ideal for buyers who prioritize modern, move-in-ready homes with ample space, or for those whose lifestyle requires multiple bedrooms and larger living areas. Growth-focused investors betting on rapid appreciation may also find the already-low assessment limits short-term equity gains from municipal revaluation.
