Property score
48.3
Below average
Overall 48.3 · Smaller and older than most nearby homes
835 sqft (bottom 29%) · Built in 1916 (29 yrs older than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 parks, and 3 place of worships nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Below average
29 yrs older 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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48.3 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
603 Madeline Street — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 485 m), 2 parks (nearest 194 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 11% | Bottom 7% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 603 Madeline Street, Victoria West, Winnipeg
Key Characteristics & Buyer Appeal
This 1916-built home in Victoria West presents a practical opportunity centered on value and location. Its key characteristic is a below-average municipal assessed value of $192k, which is notably lower than averages on its own street ($264.5k), in the neighborhood ($281.8k), and citywide ($390.1k). The 835 sqft living area is modest, ranking around the middle on its specific street but below area and city averages.
The primary appeal lies in its affordability and entry-point positioning in a well-established neighborhood. It suits first-time buyers, investors, or downsizers seeking a lower-cost foothold in Winnipeg with a manageable lot size (3,659 sqft). A thoughtful perspective is that the home’s older vintage (1916) and smaller size, while not modern, may offer a simpler, more efficient footprint with lower property taxes tied to its assessment. It represents a functional option rather than a premium one, ideal for those who prioritize financial accessibility over square footage or updated features.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is based on municipal evaluation formulas, which consider factors like the home's size, age, and features. This home's modest size and older construction date contribute to its lower valuation compared to larger or more recently updated homes in the area.
2. What does the "Below Average" ranking for living area mean for daily life?
With 835 sqft, the home offers compact living. It likely has fewer or smaller rooms than many area homes, favoring individuals, couples, or those comfortable with efficient space planning. It may not suit those needing multiple large bedrooms or extensive living areas.
3. Is the 1916 build date a concern?
It indicates the home has character and solid, older construction, but it also means potential aging components (like plumbing, wiring, or insulation) should be carefully inspected. Budgeting for maintenance or thoughtful updates is a prudent consideration.
4. How does the lot size compare, and what are the implications?
At 3,659 sqft, the lot is smaller than many in the city but is reasonably aligned with the Victoria West neighborhood average. This typically means less yard maintenance and a more urban feel, but may limit options for large additions or extensive landscaping.
5. Are the low rankings on value and size a disadvantage for resale?
Not necessarily. They define this property's niche as an affordable entry point. Its appeal will consistently be to budget-conscious buyers, which can mean competitive interest in its price range, even if its premium resale potential is limited compared to larger homes.
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