Property score
59.0
Fair
Overall 59.0 · Compared with neighbourhood average
1,008 sqft (top 38%) · Built in 1947 (2 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 3 parks, and 4 place of worships nearby
Living Area
Near average
3% larger than neighborhood avg.
Year Built
Near average
2 yrs newer than neighborhood avg.
Mother tongue
English · 76%Tagalog · 6%
Past 10 years Victoria West sales snapshot (~80% of all data)
447
236.5k
$311/sqft
1945
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59.0 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” (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: #46110833
$77K
Median household income
$88K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
35%
Single-person households
20%
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
505 Madeline Street — 7 amenities found within 500 m, across 2 categories, including 3 parks (nearest 140 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 41% | Bottom 22% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 505 Madeline Street
Section 1: Key Characteristics & Appeal
This home at 505 Madeline Street presents a compelling mix of established community presence and relative value. Built in 1947, it is a character home typical of the Victoria West area, with a living space of 1,008 sqft that is very close to the local neighborhood average. Its true standout feature is the land: at 5,488 sqft, the lot size is significantly larger than most in the immediate area, ranking in the top 11% within Victoria West. This offers valuable outdoor space and potential.
The property’s tax-assessed value of $304,000 is notably higher than the averages for both its street and community, suggesting it is viewed as a premium offering in this specific locale, though it aligns more closely with the broader Winnipeg average. This indicates you are investing in a well-regarded spot within a desirable inner-city neighborhood.
This home would suit a buyer who appreciates the charm and established trees of an older community like Victoria West and values a larger-than-average lot for gardening, recreation, or future expansion more than a large interior footprint. It’s for someone looking for a solid entry into a prime neighborhood, where the value is anchored in the land and location, with an understanding that a home of this era may require updates or maintenance.
Section 2: Frequently Asked Questions
1. Is the living space smaller than average?
Compared to the entire city of Winnipeg, yes, the living area is below the average home size. However, within the Victoria West community and on Madeline Street itself, it is very close to the typical size for homes in the area, indicating it is a normal offering for this established neighborhood.
2. Why is the tax assessment higher than neighbors on the same street?
The assessment ranks in the top 14% on its street. This is likely due to a combination of its significantly larger lot size and its overall condition and improvements relative to other homes on the block, as assessed for municipal tax purposes.
3. What does the lot size ranking mean for me?
Ranking in the top 11% in Victoria West for lot size is a key advantage. It means you have more private outdoor space than most homes in the community, which is rare in older neighborhoods. This allows for greater privacy, landscaping potential, and could be a factor for future value.
4. As a 1947 build, what should I consider?
The home is slightly newer than the average on its street but typical for the area. Buyers should budget for potential updates to older mechanical systems, windows, or insulation that are common with homes of this vintage, while also appreciating the character and build quality of the era.
5. How does this property fit in the wider Winnipeg market?
It represents a specific market segment: an inner-city character home on a generous lot. While its size is modest by newer suburban standards, its assessed value is competitive city-wide. It offers a trade-off—more land in a sought-after established community versus a larger modern house footprint on a standard lot elsewhere.
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